Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia’s SiLeach® process confirmed as novel and patentable

The company’s shares are trading circa 10% higher intra-day, at $0.215.
lithium australia pilot plant operation
SiLeach® produced battery-grade lithium carbonate

Lithium Australia NL’s (ASX:LIT) SiLeach® technology has been confirmed by the Australian Patent Office as a novel and inventive process which meets the requirements for industrial applicability.

SiLeach® hydrometallurgical process is used to extract and recover lithium values from lithium bearing materials.

Significantly, the confirmation from the patent office is expected to pave the way for the grant of corresponding patents for the process around the world.

Adrian Griffin, managing director, said: “The grant of patents for SiLeach® will bolster Lithium Australia's desire to create greater sustainability in the lithium industry by capitalising on the abundance of lithium-bearing waste materials.

“It will also dovetail perfectly with our interest in VSPC cathode production technology, giving us the ability to process mine waste right through to the production of battery cathodes.

“Currently, no other company has the tools required to achieve this sustainability goal.”

Pending patent protection ensured in 148 countries

In February 2017, Lithium Australia submitted an international patent application for the SiLeach® process under the Patent Cooperation Treaty administered by the World Intellectual Property Organisation.

A rigorous preliminary examination of the patent claims conducted by the Australian Patent Office ensued, leading to confirmation in the International Preliminary Report on Patentability.

This ensures pending patent protection in 148 countries for the SiLeach® technology.

Large-scale SiLeach® pilot plant on track for 2018

The company is on track to approve the construction of a large-scale SiLeach® pilot plant (LSPP) in early 2018 and has recently stated its intention to fund construction off its own balance sheet.

Notably, pilot-testing of SiLeach® produced battery-grade lithium carbonate from sub-spec spodumene and lithium micas.

Studies show that SiLeach® LSPP can be cash positive with additional cost reduction upside from further optimisation, scale up and by-product credits.

READ: Lithium Australia attracts speculative buy recommendation from Perth broker

Perth broker RM Research recently initiated coverage on Lithium Australia with a speculative buy recommendation.

RM Research considers the ability to produce advanced lithium ion cathode material moves Lithium Australia up the lithium value chain.

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

1520437311_Kwale-workers.jpg
August 29 2018
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets
Pantoro processing plant
April 04 2018
The company's AISC for the December quarter 2017 was $990 per ounce.
1531391169_Kincora---team-overlooking.jpg
July 12 2018
Series of off-market transactions have seen a 28.7% interest and strategic position in Mongolian copper-gold explorer Kincora transition from weak to strong hands, strengthening its existing exploration and expansion strategy. Despite significant uncertainty and shareholder overhang removed following new cornerstone investor Kincora’s share price has not re-rated – yet.

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