viewLithium Australia NL

Lithium Australia welcomes shareholder paying balance on 1 million LITCF shares, raising $49,900

The lithium technology focused stock owns 19.5% of Charger Metals, which recently exercised an option to acquire a 70% stake on three of LIT’s battery metal assets — the Coates, Bynoe and Lake Johnston projects.

Lithium Australia NL -

Lithium Australia NL (ASX:LIT, OTC:LMMFF, FRA:3MW) has welcomed a shareholder fully paying the balance on 1 million LITCF partly paid ordinary shares, boosting the company's finances by $49,900.

The shareholder paid an amount of $0.0499 for each LITCF.

LIT advises that 1, million LITCF partly paid shares have been fully paid and therefore have become fully paid ordinary shares in the capital of the company.

Remaining LITCF shares

Around 112,408,755 LITCF remain on issue.

A statement will be issued shortly to that shareholder who paid all outstanding amounts on his 1 million LITCFs.

The company has requested that the ASX change the designation of these LITCF shares to the ASX code LIT.

SkyTEM survey progress

Lithium Australia has this week welcomed the beginning of a SkyTEM312 time-domain electromagnetic survey over Charger Metals NL (ASX:CHR) (ASX:CHR)’s Coates Nickel-Copper-Cobalt-PGE (platinum group element) Project in Western Australia

The lithium-focused stock owns nearly one-fifth of Charger, which listed on the ASX as a metals explorer in early July.

Charger's new exploration program will test the Coates mafic intrusion and surrounding ground for conductors, including previously defined nickel-copper and PGE geochemical targets.

Charger’s survey should finalise this week, while preliminary data will be made available shortly after.

Quick facts: Lithium Australia NL


Price: 0.125 AUD

Market Cap: $123.49 m

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