The halt will remain in place until Tuesday, June 11, 2019, or when an announcement is made to the market, whichever occurs earliest.
Last month the company established a “significant” vanadium resource estimate for a portion of the Youanmi complex in Western Australia’s Mid-West.
The inferred resource had been estimated at 185 million tonnes at 0.33% vanadium oxide using a cut-off grade of 0.2% vanadium oxide.
It comprises oxide resources of 96 million tonnes at 0.34% vanadium oxide and fresh resources of 88 million tonnes at 0.33% vanadium oxide.
The resource is within the E57/978 tenement held by Diversity Resources in which Lithium Australia has an option to purchase.
The company also has also recently generated lithium phosphate from waste materials using its 100%-owned SiLeach process.
Together with ANSTO, Lithium Australia developed a simpler means of removing impurities from lithium phosphate resulting in exceptionally high-purity refined product suitable for the manufacture of lithium-ion batteries (LIBS).