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Lithium Australia, +16%

Lithium Australia enters product off-take negotiations
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Facebook Twitter Google+ LinkedIn Email Print Download PDF version 13:38 27 Oct 2017
The LSPP is currently in the final stages of design optimisation.

Lithium Australia is well-funded with $10 million in cash and equivalents
Lithium Australia NL (ASX:LIT) is seeking expressions of interest for product off-take agreements for the SiLeach® Large-Scale Pilot Plant (LSPP) program.

The LSPP is designed to produce about 2,500 tonnes per annum of lithium carbonate equivalent suited for the rapidly expanding global lithium-ion battery market.

It is anticipated that the pilot plant will initially produce lithium carbonate as the primary lithium chemical, with a longer-term option of nano-powders for application in direct production of Li-ion battery cathodes.

The production of these high-value powders will use the Very Small Particle Company (VSPC) technology, which Lithium Australia is acquiring.

READ NOW: Lithium Australia to acquire battery cathode company
Adrian Griffin, managing director, commented: "Global interest in the pilot plant has been significant.

"Development has now moved to the product offtake negotiations and structuring finance options – both with a completion objective of early in the New Year.

"The commercial opportunity for new battery-focused lithium technologies and products is now well enunciated and a pilot plant of this large-scale is the prelude to a full-scale production plant."

How will the LSPP work
The LSPP will employ Lithium Australia's wholly-owned SiLeach® lithium processing technology which eliminates the expensive roasting step otherwise utilised in conventional lithium processing, and can treat all lithium silicates including micas and contaminated spodumene concentrates.

These are currently being disposed of as waste from mining operations around the world.

READ NOW: Lithium Australia attracts a Speculative Buy from Perth-broker

Lithium Australia NL enters product off-take negotiations
 

mark2017

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http://www.4-traders.com/NEOMETALS-LTD-19344222/news/
 

mark2017

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Lithium Australia confirms VSPC process

Lithium Australia has confirmed the Very Small Particle Company process was capable of producing quality lithium iron phosphate cathode material.

Newsbites FinanceNOVEMBER 2, 20174:20PM

Lithium Australia (ASX: LIT) has confirmed the Very Small Particle Company process was capable of producing lithium iron phosphate (LFP) cathode material that is equivalent to or better than the LFP standard reference cathode material.

LFP is a safe cathode material that is used in lithium ion batteries for grid and off-grid energy storage (solar and wind power storage) and e-bus applications. The electrical energy storage sector is rapidly expanding, driven by the need to increase baseload capacity of networks which are being increasingly supplied from renewable sources.

The material was produced in 2012 at its pilot facility in Brisbane Australia and was recently tested for electrochemical properties by an independent laboratory in Germany (Custom Cells Itzehoe GmbH).

Testing was performed on coin cells manufactured from the VSPC LFP product and on a standard reference LFP material. The VSPC product performed well compared with the laboratory standard reference material, demonstrating good cycling stability, as well as higher potentials and higher discharge capacities compared to the standard reference material.

The company last week completed due diligence for the acquisition of advanced cathode material producer, VSPC. The acquisition provides LIT with proprietary processes for the production of lithium ion battery cathode material, a comprehensive pilot plant and advanced laboratory and testing facilities.

Applying the technology to the direct production of cathode materials would potentially remove two process steps involved in the manufacture of cathode materials, resulting in a process which would capitalise on the value add generated by progressing from lithium chemicals to cathode materials.



http://www.news.com.au/finance/business/breaking-news/lithium-australia-confirms-vspc-process/news-story/9ff78d08a0d10763832ba9fae1ca5230

Shares in LIT have responded positively to these recent developments, increasing more than 50 percent in October to hit a 12 month high of 21.5 cents.
 
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