LIT gains ground around world’s biggest lithium mine
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Lithium Australia (ASX:LIT) has doubled its acreage next to the world’s largest producing lithium mine.
The granting of three exploration licenses sees LIT expand its footprint in the world renowned Greenbushes province.
Located 200km south of Perth in Western Australia, LIT’s granted tenure is next to Talison Lithium’s Greenbushes Lithium Mine, which is pumping out almost 740,000 tonnes per annum of concentrate.
Which equates to roughly 40% of the global lithium supply from pegmatities.
The area covered by the licenses contains vast sums of pegmatites, which appear to be structurally controlled.
LIT holds an 80% stake in the Greenbushes project, the remaining 20% is free-carried to the point at which a decision is made to undertake a feasibility study.
Details of LIT’s granted tenements in the Greenbushes area.
Initial phases of exploration have already commenced and will employ non-invasive technologies to model the chemical evolution of the intrusive rocks forming part of the pegmatite complex.
LIT is seen as a leader in the development and implementation of such technologies.
The geochemical profiles will also help delineate the more prospective structural trends for further examination.
Managing Director of LIT, Mr Adrian Griffin commented on the announcement:
“The grant of the three new licences will enable Lithium Australia to gain a much more complete picture of the geological systems that have created the world’s largest known lithium pegmatite. The potential of the area is outstanding and we will use our experience to evaluate that potential in an effort to unlock the latent value of the area.”
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
