Proactive Investors - Run By Investors For Investors

Lithium Australia to acquire battery cathode company

With this technology, cathode material can be produced directly from lithium concentrates.
flow chart of energy metal cycle
Direct production of cathode materials would remove two process steps

Lithium Australia (ASX:LIT) has completed its due diligence for the acquisition of advanced cathode material producer, the Very Small Particle Company (VSPC).

VSPC owns proprietary processes for the production of lithium ion battery cathode material, a comprehensive pilot plant, and an advanced laboratory and testing facilities.

The VSPC technology is adaptable to the production of a wide range of cathode materials.

Lithium Australia is investigating the production of cathode materials from hard-rock minerals using hydrometallurgical front-end processes including the SiLeach® and LMax® processes.

Completion of the transaction remains subject to regulatory approval, including shareholder approval.

How the VSPC technology works

The VSPC technology commences with cathode metals in a solution from which the cathode nanoparticles are precipitated.

The commencement of the process is compatible with the solutions produced during the processing of hard-rock minerals to recover lithium carbonate, or lithium hydroxide.

The direct production of cathode materials from such solutions potentially removes two process steps involved in the manufacture of cathode materials, resulting in a revolutionary process which capitalises on the value-add generated by progressing from lithium chemicals to cathode materials.

The VSPC technology provides a simple and cost-effective means of producing such materials within an environment of superior quality control.

Engineering studies on SiLeach® and LMax®

Lithium Australia is close to the completion of engineering studies on processing plants for both the 100% owned SiLeach® process and the LMax® process for which it has exclusive rights for in Western Australia.

It anticipates a commitment to construct such plants, nominally sized at an output of 2500 tonnes per annum lithium carbonate equivalent early in the new year.

READ NOW: Lithium Australia to benefit from Galaxy Resources investment

Lithium Australia shares are trading up 5% intra-day to $0.185.

View full LIT profile View Profile

Lithium Australia NL Timeline

Big Picture
March 12 2019

Related Articles

A gold nugget
April 01 2019
The Albury Heath project near Meekatharra now contains 35,479 ounces of gold.
Massive sulphides at TopTung’s new Alotta Nickel-Sulphide Project in Quebec, Canada
November 01 2018
The company’s shareholders have approved an acquisition as it advances a new corporate strategy.
Development work at Far West deposit where mining will start this quarter
January 21 2019
The company will open a new underground mine this quarter after achieving record production levels.

© Proactive Investors 2019

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