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Cobalt discovery gives Lithium Australia 'another string to our bow'

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recent surprise discovery of cobalt at the Eichigt project, near its flagship resource at Sadisdorf in Saxony, Germany.

“The style of mineralisation is quite interesting in that copper, cobalt, manganese and lithium doesn't occur together in many mineral occurrences… we are of course on the doorstep of the EV industry in Europe, and that EV industry will have a requirement for a lot of cobalt over the next few decades, I would imagine, and beyond. So this gives us a very good exploration target to service those markets,” says Griffin.

Quick facts: Lithium Australia NL

Price: 0.13 AUD

ASX:LIT
Market: ASX
Market Cap: $116.63 m
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Lithium Australia's Envirostream boosting capacity for its battery recycling

Andrew Mackenzie, managing director of Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream, discusses with Proactive's Andrew Scott the national stewardship scheme for managing end of life batteries and the potential impact it will have on the business as well as...

1 week ago

2 min read