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LIVIUM LTD — Capital/Financing Update 2016
Aug 18, 2016
65239_rns_2016-08-18_4d3a7343-dfed-4f12-98cc-d32b51a9ae3f.pdf
Capital/Financing Update
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ACN: 126 129 413 ASX: LIT Level 1 675 Murray St West Perth WA 6005 PO Box 1088 West Perth WA 6872
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19 August 2016
ASX ANNOUNCEMENT
Lithium Australia expands support for LiGeneration
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Lithium Australia NL (ASX: LIT) has continued to advance its caustic based Liena™ process for the recovery of lithium from spodumene and other lithium silicates. LIT recognizes the configuration of the Liena™ process provides significant advantages over other hydrometallurgical process in some locations. Location specific considerations include logistics, power costs and reagent costs, amongst other things. The Liena™ process may also provide a more convenient route to production of high value lithium hydroxide.
With the above factors in mind, and the potential for Canada to provide some of the potential advantages for operation of the Liena™ process, LIT has included access to the Liena™ process in the technical support package provided to LiGeneration Limited (LiGeneration).
LiGeneration is planning its IPO on the ASX prior to the end of 2016. LIT shareholders will be offered priority subscriptions in the LiGeneration IPO.
Adrian Griffin
Managing Director Mobile +61 (0) 418 927 658 [email protected]
LIT is a dedicated developer of disruptive lithium extraction technologies. LIT has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory. LIT aspires to create the union between resources and the best available technology and to establish a global lithium processing business.
MEDIA CONTACT:
Adrian Griffin Lithium Australia NL 08 6145 0288 | 0418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631