viewLithium Australia NL

Lithium Australia in trading halt ahead of capital raising and company update

The company’s securities are in a trading halt until Tuesday, June 11, or when an announcement is made to the market.

The company's shares last traded at 8 cents

Lithium Australia NL (ASX:LIT) is in a trading halt pending capital raising news as well as a company update.

The halt will remain in place until Tuesday, June 11, 2019, or when an announcement is made to the market, whichever occurs earliest.

READ: Lithium Australia establishes 185 million tonne resource at Youanmi

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.

READ: Lithium Australia produces high-purity battery material using proprietary SiLeach process

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).

Quick facts: Lithium Australia NL

Price: 0.049 AUD

Market: ASX
Market Cap: $28.63 m

Add related topics to MyProactive

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


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...



Lithium Australia's Adrian Griffin details government research grants and...

Lithium Australia's (ASX:LIT) Adrian Griffin tells Proactive London's Andrew Scott the outbreak of coronavirus so far has had very little impact on the business and its operations in China. Griffin also updates on recent developments including a grant they've been awarded by the Australian...

2 weeks, 5 days ago

2 min read