Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia enters product off-take negotiations

The LSPP is currently in the final stages of design optimisation.
Lithium Australia enters product off-take negotiations
Lithium Australia is well-funded with $10 million in cash and equivalents

Lithium Australia NL (ASX:LIT) is seeking expressions of interest for product off-take agreements for the SiLeach® Large-Scale Pilot Plant (LSPP) program.

The LSPP is designed to produce about 2,500 tonnes per annum of lithium carbonate equivalent suited for the rapidly expanding global lithium-ion battery market.

It is anticipated that the pilot plant will initially produce lithium carbonate as the primary lithium chemical, with a longer-term option of nano-powders for application in direct production of Li-ion battery cathodes.

The production of these high-value powders will use the Very Small Particle Company (VSPC) technology, which Lithium Australia is acquiring.

READ NOW: Lithium Australia to acquire battery cathode company

Adrian Griffin, managing director, commented: "Global interest in the pilot plant has been significant.

"Development has now moved to the product offtake negotiations and structuring finance options – both with a completion objective of early in the New Year.

"The commercial opportunity for new battery-focused lithium technologies and products is now well enunciated and a pilot plant of this large-scale is the prelude to a full-scale production plant."

How will the LSPP work

The LSPP will employ Lithium Australia's wholly-owned SiLeach® lithium processing technology which eliminates the expensive roasting step otherwise utilised in conventional lithium processing, and can treat all lithium silicates including micas and contaminated spodumene concentrates.

These are currently being disposed of as waste from mining operations around the world.

READ NOW: Lithium Australia attracts a Speculative Buy from Perth-broker

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

project area
July 12 2018
The Gabanintha Vanadium Project is one of the highest-grade vanadium deposits in the world.
Energy Fuels nudges higher as it outlines opportunities to lift uranium output
March 21 2018
The group is always hunting new sources of alternate feed materials and fee processing arrangements, it said
Picture of drill rig
May 03 2018
The Strickland project covers over 100 strike kilometres of greenstone belts and straddles the Evanston and Yuinmery Shear Zones.

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