logo-loader
Lithium Australia NL

Lithium Australia recommissioning cathode powder plant

The 2-4 tonne per annum cathode powder plant product could be used in lithium-ion batteries.

VSPC facility in Brisbane
The company now owns 99.7% of the equity in technology company VSPC

Lithium Australia NL (ASX:LIT) has finalised its acquisition of 99.7% of the equity in the Very Small Particle Company (VSPC), a Brisbane-based technology company.

VSPC has spent 14 years and $30 million developing some of the world’s most advanced manufacturing techniques for the production of cathode materials.

These materials are critical components of lithium-ion batteries.

Re-commissioning of the cathode plant

Re-commissioning of the 2-4 tonne per annum cathode powder plant at the Brisbane VSPC facility is underway.

Plant inspections and servicing are underway, as is evaluation of equipment upgrades, to prepare for resumption of production in July 2018.

Furthermore, a recruitment drive for senior scientists and operational staff has commenced.

READ: Lithium Australia enters high-margin end of battery metals market after completing acquisition

Lithium Australia’s managing director Adrian Griffin said: “Recommissioning the VSPC pilot plant is a challenging task, but many of the past scientific and operating staff have made themselves available to ensure success.

“We welcome their assistance and participation in our plan to provide the world’s battery producers with the best available cathode materials.”

READ: Lithium Australia completes maiden drilling at lithium tin project in Germany

Recently, Lithium Australia completed its maiden drilling program at the Sadisdorf polymetallic tin-lithium project in Saxony, Germany.

The three hole, 560-metre diamond drilling program commenced in mid-December 2017 and was completed last week.

The program was designed to validate historical drilling data and increase confidence in future mineral resource estimates.

Lithium Australia is farming into a joint venture at Sadisdorf with German company Tin International AG.

Sadisdorf has the potential to provide feed to a commercial scale SiLeach® lithium carbonate plant.

Quick facts: Lithium Australia NL

Price: $0.05

Market: ASX
Market Cap: $25.11 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lithium Australia NL named herein, including the promotion by the Company of Lithium Australia NL in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Lithium Australia leading with innovation in lithium...

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive Investors on the company's milestone innovation in recycling lithium from old used batteries. Griffin says the process of producing lithium-ferro-phosphate (LFP) cathode powder from the recycled lithium is being...

2 weeks, 6 days ago

2 min read