Lithium Australia NL (ASX:LIT), a small-cap looking to mine lithium as well as establish a vertically integrated lithium processing business, is undertaking the final steps towards getting its large-scale pilot plant up and running.
At this stage, as the company finishes its front-end engineering and design studies, it is also assessing feed sources for the first 12 months of operation.
In a world that is becoming increasingly environmentally conscious, electric vehicles and the lithium-ion batteries that power them will play an increasingly important role in reducing carbon emissions.
Taking the environmental theme of lithium-ion batteries a step further is Lithium Australia NL (ASX:LIT). It’s true that resource companies aren’t usually associated with positive environmental issues.
Lithium Australia NL (ASX: LIT) has advanced its acquisition of Brisbane battery cathode developer, the Very Small Particle Company Ltd (VSPC), with LIT and major VSPC shareholders executing a binding share sale and purchase agreement.
The Association of Mining and Exploration Companies (AMEC) on behalf of its members commissioned a report “A lithium industry in Australia: A value chain analysis for downstreaming Australia’s lithium resources” by Future Smart Strategies.
As the global lithium arms race continues, Australian resources companies are keen to stay ahead of developments. As a commodity, lithium is on-track to carve out its own distinct market niche fuelled by lithium-ion batteries; therefore, the chase for ample high-grade lithium resources has begun in earnest.
Lithium Australia’s proposed acquisition of a Brisbane-based Lithium-ion battery cathode developer known as the Very Small Particle Company or “VSPC”, has been boosted by news of strong test results from an independent laboratory in Germany.
Lithium Australia are working on a range of financing options ahead of an anticipated green-light decision for a US$42m large scale pilot plant for their breakthrough Sileach Lithium processing technology.
Lithium Australia’s highly strategic acquisition of the Brisbane-based Very Small Particle Company or “VSPC” is now only subject to shareholder approval after the successful completion of due diligence.
Lithium Australia NL is moving closer to the completion of due diligence on the proposed acquisition of Australian battery cathode developer Very Small Particle Co. Ltd. and the results are promising, according to Managing Director Adrian Griffin.
In what looks to be a perfect pairing, Lithium Australia and Poseidon Nickel have joined forces in a strategic deal that could see Lake Johnston emerge as a hub for the production of Lithium concentrates and downstream processing.
If you accept that the march towards electrification of automobiles is now unstoppable and that it is largely the Lithium-ion battery that is making this happen, then it follows that over the decades to come, a myriad of lucrative business opportunities up and down the Lithium value chain will present themselves.
Was macht ein australisches Bergbauunternehmen mitten in der sächsischen Provinz? Im Fall von Lithium Australia NL (ASX: LIT; WKN: A14XX2; ISIN: AU000000LIT3) ist der Name Programm: Dank einer Kooperation mit einem Tochter-Unternehmen der Deutschen Rohstoff AG hat es die auf Lithium spezialisierte Gesellschaft nach Sadisdorf in Sachsen verschlagen. Während Tin International als Tochter der Deutschen Rohstoff AG nach Zinn sucht, soll Lithium Australia das ebenfalls im Boden befindliche Lithium fördern. Miningscout hat das Projekt Anfang Dezember 2017 besucht und sich einen Überblick verschafft.
What is an Australian mining company doing in the middle of the Saxon province? In the case of Lithium Australia NL (ASX: LIT, WKN: A14XX2, ISIN: AU000000LIT3), the name says it all: Thanks to a cooperation with a subsidiary of Deutsche Rohstoff AG, the company specializing in lithium went to Sadisdorf in Saxony. While Tin International, a subsidiary of Deutsche Rohstoff AG, is looking for tin, Lithium Australia is expected to produce lithium, which is also in the soil. Miningscout visited the project in early December 2017 and got an overview.
Australian Securities Exchange
Lithium Australia NL is listed on the Australian Securities Exchange (ASX: LIT).