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Lithium Australia's purchase of Sadisdorf further aligns it to European EV industry

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recently announced purchase of the Sadisdorf Lithium Tin Project in Saxony, Germany from Tin International AG.

It was a farm-in and joint-venture with Tin International. The recent drilling that we’ve done does confirm the size of the deposit, and it’s open, so will grow... We’ve looked at the mineralogy, we know what the lithium distribution is, we’ve got access to underground workings so we’ve re-sampled much of that. So we can see the deposit in three dimensions, you can walk through it, and that gives you a lot of confidence. Not only that, we have produced lithium concentrate from it, and taken that right through to the extraction of lithium. So we see it as relatively low risk," says Griffin.

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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