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09 February 2016 LIT and AIX consolidate their alliance in Sonora Mexico 4 pages (1.2Mb)
05 February 2016 Appendix 3B and Cleansing Statement 14 pages (688kb)
29 January 2016 Appendix 3B 14 pages (705kb)
27 January 2016 Potential for lithium mica mineralisation extended at CRMV 12 pages (1.2Mb)VIEW MORE
Lithium Australia NL (ASX: LIT) (‘the Company’) aims to control the greatest lithium (‘Li’) resource base of any entity worldwide, producing battery-grade Li carbonate from Li micas, the ‘forgotten Li resource’.
To progress its global Li strategy, the Company has formed various strategic relationships critical to its ability to extract Li carbonate from Li micas on a commercial basis. Foremost among these relationships is the Company’s association with Perth-based Strategic Metallurgy Pty Ltd, which has led to development of the innovative process technology the Company will use to achieve its goal.
In return for the Company’s participation in developing that technology, Strategic Metallurgy has granted the Company an exclusive licence to use its proprietary Li extraction process for up to 26 years within Western Australia and in two other nominated projects internationally.
The Company’s access to technical support is further enhanced by its teaming with US-based SciAps, to implement practical field evaluation – using real-time laser technology – and assay for light elements such as Li.
To provide it with access to Li mica deposits, the Company has also entered into relationships with:
• European Metals – Cinovec tin and Li project (Czech Republic);
• Pilbara Minerals – Pilgangoora Li and tantalum project (Western Australia);
• Focus Minerals – Coolgardie Rare Metals Venture (Western Australia), and
• Tungsten Mining – Seabrook Rare Metals Venture (Western Australia).
In addition, the Company has applied for extensive tracts of ground surrounding Talison Lithium’s Greenbushes pegmatite mine in Western Australia. Talison’s mine, source of the world’s highest-grade Li, currently supplies more than 30% of global Li requirements and 75% of Chinese demand.
The Company’s activities are set to accelerate, with test work at Cinovec and Pilgangoora, geological reconnaissance at Ravensthorpe and Seabrook and preparatory work for drilling at Coolgardie already on track.