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Lithium Australia NL advancing Sileach™ patent application

LIT is the owner of the Sileach™ and LieNa™ lithium extraction processes.
Lithium Australia NL advancing Sileach™ patent application
LIT is a developer of lithium extraction technologies

Lithium Australia NL (ASX:LIT) filed an international patent application under the Patent Cooperation Treaty on 9 February 2017 relating to its Sileach™ lithium extraction process.

The patent is entitled “Process for extracting and recovering lithium values from lithium bearing materials”.

The application has been allocated application number PCT/AU2017/050104 and is entitled to claim a priority date of 9 February 2016.

The Sileach™ process is but one of the processes in the company’s arsenal when it comes to assessing, and then matching the best process for each specific ore type, local conditions and infrastructure.

Adrian Griffin, managing director, commented: “Lithium Australia considers its strategy of controlling its own feed-source and process as essential to the protection of its business and its shareholders. The Sileach™ process is a critical component of this strategy.”


Background

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ and LieNa™ processes.

The company has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory.

Lithium Australia aspires to create the union between resources and the best available technology to establish a global lithium processing business.


Recent takeover bid

Lithium Australia recently outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in fellow Western Australia lithium explorer and developer, Lepidico (ASX:LPD).

The basis of the offer will be one Lithium Australia share for every 13.25 Lepidico shares.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world, as well as holding multiple lithium processing technologies for treating both spodumene and mica mineralogies.

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