viewLithium Australia NL

Lithium Australia NL commences production of lithium-ion cathodes from VSPC

Lithium Australia NL (ASX:LIT) is a processing technology business with one of its major projects in Germany. The company has also been working on a lithium-ion cathode production facility, entitled the Very Small Particle Company, which has just started producing lithium-ion phosphate.

"The Very Small Particle Company, it's capable of producing that material at much finer size than anyone else can, which gives batteries far superior performance" say Lithium Australia managing director Adrian Griffin.

The company is also set to deliver some drilling results from its site in Germany and Mr Griffin says the operating costs of the lithium mine should be supported by cash-flow from the tin operation on the same site.

Quick facts: Lithium Australia NL

Price: 0.062 AUD

Market: ASX
Market Cap: $35.66 m

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Full interview: Lithium Australia outlines 2020 strategy

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