Lithium Australia provides update on SiLeach lithium tech
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) today provided an update on the progress of its cutting edge SiLeach® plant design.
Its front-end engineering and design (FEED) activities are progressing as planned with undertakings including preliminary equipment specifications, material selection, infrastructure, assessment of contracting strategies, discussion with vendors selected for the supply of specialised equipment, and logistic and scheduling activities. The FEED study is scheduled for completion in the third quarter of 2018.
LIT also reported that detailed metallurgical test work is well advanced. The test work is designed to confirm final process design criteria in key areas of the flowsheet, including beneficiation, acid digestion and removal of impurities.
Additionally, test work aimed at optimising acid digestion and removal of impurities has been conducted at ANSTO (Australian Nuclear Science and Technology Organisations) Minerals' facility at Lucas Heights in NSW.
This led to lithium leach extractions of more than 90% for lower-grade leach-feed mica samples, an improvement on those earlier reported of 89% lithium on feed material of 4.5% Li2O. This result is significant in that higher recoveries have the potential to reduce capital costs in several unit processes of the LSPP. The work confirms that, overall, SiLeach® recoveries are expected to be in excess of 86% lithium compared to previously reported results of 82.8% lithium.
LIT Managing Director Adrian Griffin said, “The FEED study is advancing well and the improvements in lithium recovery are very encouraging. We're pleased with the increase in confidence around by-product recovery, which is an important aspect of the SiLeach® revenue stream – we believe it will allow us to produce lithium chemicals from minerals but at the same low unit cost as that of the brine producers.
“Preliminary discussions with potential off-take partners have been encouraging and our planned laboratory-scale pilot run at ANSTO, while aimed primarily at finalising the flowsheet for construction, will generate significant amounts of lithium chemical product for testing by potential off-take partners.”
It should be noted that LIT is an early stage play and anything can happen, so seek professional financial advice if considering this stock for your portfolio.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
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.
