Lithium Australia (ASX:LIT) will, subject to regulatory requirements, acquire 100% of the Sadisdorf lithium/tin resource from Tin International AG. Consultant CSA Global has estimated that the Sadisdorf Project has an Inferred Mineral Resource of 25 million tonnes grading 0.45% Li2O¹. Significantly the lithium is contained within lithium micas within alteration around tin mineralization, the latter being the subject of historic mining. The lithium micas can be readily concentrated after the removal of tin by conventional gravity separation. Lithium has been very successfully extracted from Sadisdorf mica concentrates using LIT’s SiLeach® process.
Adrian Griffin, managing director of Lithium Australia NL (ASX:LIT), speaks to Proactive Investors about the integrated battery metal producer’s proprietary SiLeach® lithium processing technology.
Last week the company applied for two global patents relating to the production and recovery of lithium phosphate and lithium sulphate from lithium-bearing silicates.The enhancements will reduce capital and operating costs and improve product quality.
“For us it is the silver bullet because potentially it reduces capital costs and operating costs, so that’s quite significant. It also helps us produce a lithium chemical with a much higher purity; we can take the lithium through to carbonate or hydroxide, or as the phosphate as the case may be. And that step – removing the lithium as a phosphate – is not only a step that takes the lithium out of solution at lower concentrations, but also helps us to purify that solution as we do that process,” explains Griffin.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recently announced purchase of the Sadisdorf Lithium Tin Project in Saxony, Germany from Tin International AG.
It was a farm-in and joint-venture with Tin International. The recent drilling that we’ve done does confirm the size of the deposit, and it’s open, so will grow… We’ve looked at the mineralogy, we know what the lithium distribution is, we’ve got access to underground workings so we’ve re-sampled much of that. So we can see the deposit in three dimensions, you can walk through it, and that gives you a lot of confidence. Not only that, we have produced lithium concentrate from it, and taken that right through to the extraction of lithium. So we see it as relatively low risk,” says Griffin.
Lithium Australia NL (ASX:LIT) Managing Director Adrian Griffin tells Proactive Investors the lithium mining company is in New York for the 121 Mining Conference and has some exciting news regarding significant cobalt findings.
Griffin says Lithium Australia had found extensive copper vein systems at their Eichigt project in Germany, discovering not only copper but lithium and cobalt within the vein. Griffin says the most recent samples have come up to about 1.5% cobalt, about 0.5% copper, and 0.7% lithium.
Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recent surprise discovery of cobalt at the Eichigt project, near its flagship resource at Sadisdorf in Saxony, Germany.
“The style of mineralisation is quite interesting in that copper, cobalt, manganese and lithium doesn’t occur together in many mineral occurrences… we are of course on the doorstep of the EV industry in Europe, and that EV industry will have a requirement for a lot of cobalt over the next few decades, I would imagine, and beyond. So this gives us a very good exploration target to service those markets,” says Griffin.
Lithium Australia NL (ASX:LIT) this morning revealed the first results of its maiden exploration program at the Eichigt Project in Germany, confirming the presence of strong cobalt and copper mineralisation at surface.
Lithium Australia NL (ASX: LIT) subsidiary, the Very Small Particle Company Ltd (VSPC), is making strong progress towards commercialisation of its patented battery cathode materials production technology.
Lithium Australia NL (ASX:LIT) this morning reported that its subsidiary, the Very Small Particle Company Ltd (VSPC), is making strong progress towards commercialisation of its patented battery cathode materials production technology.
Lithium Australia NL (ASX:LIT) has announced the preliminary results of its first drilling campaign at Sadisdorf, Germany. The project is a farm-in and JV with Tin International AG, a subsidiary of exchange listed Deutsche Rohstoff AG (FRA:DR0) as partner.
Lithium Australia will apply for an additional patent for its SiLeach, chemical based lithium extraction process after fine-tuning for a proposed large scale pilot plant led to a breakthrough improvement.
Lithium Australia NL (ASX: LIT) has finalised its acquisition of advanced cathode material production technology, acquiring 99.7% of the equity in Brisbane-based technology company the Very Small Particle Company (VSPC).
Following its announcement yesterday that it had finalised its acquisition of the Very Small Particle Company, Lithium Australia (ASX:LIT) has this morning informed the market it has found abundant lithium micas within the ore found at its Lepidolite Hill project.
Lithium Australia NL (ASX:LIT) has finalised its acquisition of advanced cathode material production technology, acquiring 99.7% of the equity in Brisbane-based technology company — the Very Small Particle Company (VSPC).
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).