Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia NL achieves very high lithium recoveries

Test work results indicate a path to low cost lithium extraction.
Lithium Australia NL achieves very high lithium recoveries
A 3,000 metre drilling program is in progress at Agua Fria

Lithium Australia NL (ASX:LIT) has achieved lithium recoveries of up to 99% from its preliminary metallurgical testing using material from the Agua Fria prospect within the Electra Project in Mexico.

Test work using a simple four hour, sulphuric acid leach test at room temperature extracted up to 85% lithium.

Significantly, a very modest increase in temperature to only 50 degrees celsius achieved lithium extractions of 94-99% lithium.

The main lithium bearing mineral at Agua Fria is thought to be montmorillonite and further testing has commenced.

Adrian Griffin, managing director, commented: “We have clearly demonstrated the ease with which lithium can be recovered from the volcanogenic sediments at Agua Fria.

“Beneficiation of the components containing the lithium, to produce a concentrated product is the next challenge. Fortunately the characteristics of each of the minerals are very different, providing a number of avenues to achieve the desired outcome.”


Electra Project

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest in the Electra project.

The Agua Fria prospect is focused on volcanogenic sediments which host widespread lithium mineralisation.

The sediments occur within the same geological sequence as Bacanora Minerals’ (CVE:BCN) La Ventana deposit which is currently being evaluated for production.

La Ventana is the largest documented lithium clay deposit and Agua Fria has a similar footprint.

Early indications are very promising with significant drill intervals having average values exceeding 1000 ppm lithium.

During early April, a 3,000 metre drilling program commenced at the Agua Fria, which is still underway.

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

management
February 14 2018
Berkeley Energia is funded to production, and set to make a significant impact on the uranium market
coffee beans
April 26 2018
The company’s focus is the Arapua fertiliser project, located about 400km south-east of Brasilia in the State of Minas Gerais, a major agro-industrial centre.
Picture of lithium cycle
May 10 2018
The inferred resource at Sadisdorf in Germany now stands at 25 million tonnes grading 0.45% lithium.

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