As a lithium explorer and lithium technology play, Lithium Australia, (ASX: LIT) already provided diversified exposure to the lithium theme, but Wednesday’s announcement that the group has partnered with soon to list MetalsTech has given it a whole new dimension, and with that, exposure to some prime assets and liquidity in emerging projects and technologies.
Lithium Australia have dramatically boosted their exploration lithium rights in the newly prospective Lake Johnston area, immediately east of the Earl Grey Lithium project that is creating so much excitement for investors.
Australia lithium technologist, Lithium Australia NL (ASX: LIT) has signed a Strategic Partnership Agreement with dedicated lithium explorer MetalsTech Limited (MetalsTech or MTC) which is developing a number of lithium projects in Quebec, Canada.
The upcoming ASX float of Lithium Australia’s Canadian partner, MetalsTech, on the ASX is looking really interesting for Lithium Australia after they signed a strategic partnership this week with the high grade Lithium explorer.
Lithium Australia NL has completed a commodity swap agreement which provides LIT with exclusive ownership of most of the lithium pegmatite field at Lake Johnston in Western Australia. This field lies immediately east of Kidman Resources’ much publicized Earl Grey discovery.
Following recent upbeat news regarding the acquisition of potentially lithium bearing tenements in North America, as well as highly promising results from its lithium extraction technologies, Lithium Australia (ASX: LIT) announced on Tuesday morning that it has identified lithium pegmatites at its Lake Johnston project.