Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia NL progressing Sileach™ commercialisation

The Sileach™ process is technology that recovers lithium from silicates.
Lithium Australia NL progressing Sileach™ commercialisation
Engineering design study results are expected in mid-June

Lithium Australia NL (ASX:LIT) is advancing plans for a large-scale Sileach™ pilot plant after awarding the engineering design study for a large-scale pilot plant in December 2016.

Project deliverables included, capital cost estimates, operating cost estimates and comparative logistic costs for a number of Western Australian and overseas sites.

The comparative project location assessment conducted during the study has highlighted a very attractive overseas site.

Furthermore, Lithium Australia has elected to extend the scope of work to improve the capital and operating cost estimate for this location to a level of detail commensurate for the preliminary feasibility study.

Results to the study are expected to be delivered to Lithium Australia around the middle of June.

Adrian Griffin, managing director, commented: “It is gratifying to see Sileach™ progressing towards commercialisation.

"This has been achieved with the best possible partnerships in industry and government including research grants at state and federal levels.

"Design has been completed within the most stringent safety standards which is the best possible prelude to commercialisation of the process."

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ process for the recovery of lithium from silicates.

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

teal mining
July 26 2018
Arrowhead has valued Intermin shares’ total fair market value at $103.18 million to $109.54 million.
electric car
July 20 2018
Commissioning at Sonora is intended for the first-quarter of 2020
a person sampling at the Berenguela Central prospect
April 04 2018
The company's shares are trading about 8% higher intra-day, at 1.4 cents.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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