Supplier of ethical and sustainably sourced materials to the battery sector all over the world, Lithium Australia NL (ASX: LIT) has effectively purified Lithium Phosphate (LP), produced by its SiLeach Gen-2 Pilot Plant, to design unadulterated product, that is appropriate for the direct generation of Lithium-Iron-Phosphate (LFP) powders, to manufacture Lithium-Ion-Batteries (LIBs).
On 21 November 2018, the manufacturing of LIBs utilizing LP straight from the mine waste was reported, for the first time by the company. Batteries manufactured in this way revealed excellent potential. Nevertheless, the truth was that they were produced from unprocessed LP.
About SiLeach Process
The fresh LP refining phase fits effortlessly into the LIT’s SiLeach, a Lithium extraction process, advanced to capitalise on the profusion of Lithium Micas (for which SiLeach is suited). The LP refining procedure would be combined into LIT’s SiLeach Gen-3 Pilot Plant, to be built at ANSTO Minerals (Sydney) this year. Post refining, the LP would be transformed into Cathode Material and LIB cells for testing at the VSPC facility in Brisbane. The outcomes would be reported sometime in the future.
About LieNA Process
LIT anticipates the refining process, to also notably improve another round of LieNA, a lithium extraction process development. On 21 February 2019, the company notified that it has advanced and owned LieNA process, which was created precisely to conquer the deficits which were of intrinsic, in the standard ‘conversion’ procedures, that recuperate Lithium from Spodumene.
LieNa is preferably suitable to the retrieval of Lithium, from fine Spodumene that cannot be processed by regular ways. LieNA offers a potential solution to the loss of Lithium in fine material. The incapability to retrieve Lithium from fine materials, in traditional ways can lessen Lithium produce, from Spodumene ore to as low as 50%.
Recently, the company notified that Southern GeoScience had concluded a high-resolution aeromagnetic and radiometric survey at Youanmi, in Australia. LIT had extended its widespread Lithium holdings in Australian soil by the method of an option to acquire the potential Youanmi Lithium and Vanadium Project, which is 450 km, North East of Perth.
LIT has announced on 5 February 2019, about its study report on Lithium Pegmatite swarms at Medcalf, which was a part of LIT’s Lake Johnston Project.
On 27 February 2019, the company announced that the first parcel of 7,108,510 fully paid ordinary shares, held under voluntary escrow trading restrictions, regarding the acquisition of the Sadisdorf Project was, are due for release on 12 March 2019. The second tranch is due for release on 12 September 2019, and the final tranche would be released on 12 March next year.
On 22 February 2019, LIT declared that Roskill, an analyst of leading lithium industry was the host, to the “Lithium Mine to Market” forum In Perth, organized on 21 and 22 February this year. LIT as the owner of VSPC Limited, being an exclusive company in Australia, to commercialize cathode powder production for LIBs, offered an overview of Australia’s cathode potential.
The stock of the company is currently trading, at A$0.083 (as at 03:25 pm, AEST, 5 March 2019), up by 6.41% from its prior close.
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