LIVIUM LTD — Capital/Financing Update 2016

Mar 14, 2016

15 March 2016

ASX ANNOUNCEMENT

LITHIUM AUSTRALIA’S BREAKTHROUGH PROCESSING APPROACH

WINS FEDERAL GRANT

The Australian Federal Government has supported Lithium Australia Limited (ASX: “LIT”) as the Company moves to commercialise its Sileach™ process for recovering metals, lithium in particular, from silicate minerals.

The Government has granted Perth-based Lithium Australia an Innovations Connections Grant under the Entrepreneur’s Programme run by the Department of Industry and Science.

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Under the terms of the grant, LIT will partner with ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation). The initial program will focus on the application of Lithium Australia’s Sileach™ process to aid the recovery of lithium from micas. The Sileach™ process is designed to recover lithium from silicates without the expensive roasting step that has long been the main stay of the lithium recovery process.

Lithium Australia Managing Director, Mr Adrian Griffin:

“Lithium Australia’s Sileach™ process has the potential to catapult Australia into the forefront of the lithium battery boom by supplying optimal grade and purity material from low-energy production of lithium chemicals. These can be produced from a range of minerals including spodumene and mica. We welcome the Federal and WA Government’s support to be innovative, and this “ideas boom” ideally suits our project development goals.”

Adrian Griffin

Managing Director Mobile +61 (0) 418 927 658 Adrian.Griffin@lithium-au.com

About Lithium Australia NL:

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 on three continents.

MEDIA CONTACT:

Adrian Griffin Lithium Australia NL 08 6145 0288 | 0418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631