Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia commences due diligence on German asset

Sileach™ is a lithium extraction technology which could be suitable at Sadisdorf.
Lithium Australia commences due diligence on German asset
Sadisdorf is located in Germany

Lithium Australia (ASX: LIT) continues to advance its joint venture with Tin International, focused on Germany.

LIT has commenced due diligence on the Sadisdorf project, which is part of a package of tenements under the agreement.

Work will initially focus on the historic Sadisdorf tin mine where pervasive greisens are known to contain abundant lithium mineralisation in the form of zinnwaldite, a mineral ideally suited to processing with LIT’s 100% owned Sileach™ process.

Sileach™ is a lithium extraction technology.


Next steps

The joint venture aims to extend and upgrade the existing Sadisdorf JORC Inferred Resource of 3.36 million tonnes at 0.44% tin at a cut-off of 0.25% tin, and to delineate a lithium resource which is anticipated to be associated with the tin mineralisation.

LIT said that the tin orebody is thought to contain the order of 15% zinnwaldite.

This is a prime target for supply of lithium into the European battery industry.


Analysis

The joint venture with Tin International provides Lithium Australia with a low-cost entry into an established JORC Resource albeit originally established for tin.

Next steps will be followed closely to observe the potential for lithium.



Register here to be notified of future LIT Company articles
View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

picture of field
March 07 2017
2016 saw Harvest Minerals' share price soar, and a ‘ripper year’ lies ahead in 2017, according to its executive chairman
tiger
December 14 2016
The board is settled and the company is looking to press ahead with its various projects
potash-delivery.jpg
February 20 2017
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use