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

Published: 09:00 27 Sep 2018 AEST

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.

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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.

Lithium Australia with Proactive at ASX Small and Mid Cap Conference

Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) CEO and managing director Simon Linge chats with Proactive's Jonathan Jackson live from the ASX Small and Mid Cap Conference. LIT is at the forefront of advanced materials development to ensure an ethical and sustainable future for the global battery...

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