viewLithium Australia NL

Lithium Australia to 'close the loop' on battery materials with complements to SiLeach® process

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the company's proprietary SiLeach® process, which has successfully delivered lithium phosphate in pilot plant testing.

Lithium Australia aims to convert mine waste into lithium-ion batteries, a world-first.

Griffin highlights the "positive" ecosystem for research and development (R&D) in Australia during the time the process was pioneered.

He explains, "At the moment, Australia takes about half a percent of the value of the supply chain. If you put enough R&D in, you can actually leverage the outcome and get a lot more of that supply chain, and we should do that because we've got the tiger by the tail.

"We actually control the inputs into the supply chain; what we've got to do is do the research to value-add to those materials. The supply chain, if you look at [projections], by 2025 it's probably going to be worth somewhere between 2 and 5 trillion dollars."

Griffin teases more innovations in the pipeline, and indicates that the company is looking into all geographic options moving forwards to maximise returns, given a recent decision by Australian politicians to remove R&D tax credits.

Quick facts: Lithium Australia NL

Price: 0.068 AUD

Market: ASX
Market Cap: $38.18 m

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Full interview: Lithium Australia outlines 2020 strategy

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin discusses the company's vision and plans for 2020 with Proactive's Benjamin Starr. The company has an integrated strategy aimed at servicing the lithium battery industry and this includes resources, technology, processing and...

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