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Lithium Australia enters product off-take negotiations

The LSPP is currently in the final stages of design optimisation.
Lithium Australia enters product off-take negotiations
Lithium Australia is well-funded with $10 million in cash and equivalents

Lithium Australia NL (ASX:LIT) is seeking expressions of interest for product off-take agreements for the SiLeach® Large-Scale Pilot Plant (LSPP) program.

The LSPP is designed to produce about 2,500 tonnes per annum of lithium carbonate equivalent suited for the rapidly expanding global lithium-ion battery market.

It is anticipated that the pilot plant will initially produce lithium carbonate as the primary lithium chemical, with a longer-term option of nano-powders for application in direct production of Li-ion battery cathodes.

The production of these high-value powders will use the Very Small Particle Company (VSPC) technology, which Lithium Australia is acquiring.

READ NOW: Lithium Australia to acquire battery cathode company

Adrian Griffin, managing director, commented: "Global interest in the pilot plant has been significant.

"Development has now moved to the product offtake negotiations and structuring finance options – both with a completion objective of early in the New Year.

"The commercial opportunity for new battery-focused lithium technologies and products is now well enunciated and a pilot plant of this large-scale is the prelude to a full-scale production plant."

How will the LSPP work

The LSPP will employ Lithium Australia's wholly-owned SiLeach® lithium processing technology which eliminates the expensive roasting step otherwise utilised in conventional lithium processing, and can treat all lithium silicates including micas and contaminated spodumene concentrates.

These are currently being disposed of as waste from mining operations around the world.

READ NOW: Lithium Australia attracts a Speculative Buy from Perth-broker

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March 12 2019

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