Lithium Australia NL closes SPP, thanks loyal shareholders
Lithium Australia NL (ASX:LIT) closed its share purchase plan (SPP) yesterday which had the capacity to raise up to $12.64 million before expenses.
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ASX:LIT
Livium Ltd is Australia’s leading battery recycler through its wholly owned subsidiary Envirostream — a profitable business focused on the recovery of valuable materials from end-of-life batteries.
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Lithium Australia NL (ASX:LIT) closed its share purchase plan (SPP) yesterday which had the capacity to raise up to $12.64 million before expenses.
The Donnelly River Project is located in the far southwest of Western Australia.
Lithium Australia will now use its advanced exploration techniques to target sites for further evaluation within the Greenbushes project.
Lithium Australia NL (ASX:LIT) has become the first company in the world to perfect portable laser technology for real-time, in-field soil geochemistry assays for lithium.
Lithium Australia NL (ASX: LIT) confirms that it has received official confirmation from the Minerals Research Institute of Western Australia (MRIWA) of the commencement of the collaboration on an innovative project to enhance lithium recov
Lithium Australia NL (ASX:LIT) has extended its Share Purchase Plan by one week, and it will now close on the 14th November 2016.
Adrian Griffin, managing director, commented: "Lithium Australia has worked with SciAps, for some time, to perfect the use of LIBS technology in geochemical applications."
Adrian Griffin, managing director, commented: "Lithium Australia will enforce its contractual rights, especially its exclusive right to use L-Max in Western Australia."
Lithium Australia aspires to create the union between resources and the best available technology.
Rock chip samples graded up to 3.94% lithium oxide.
Korab Resources Ltd (ASX:KOR) has commenced exploration for lithium at the Batchelor project located within Pine Creek Orogen in the Northern Territory.
Lithium Australia NL has signed a partnership with MetalsTech Ltd.
Lithium Australia NL's (ASX:LIT) partner, Alix Resources Corporation (AIX-TSX:V), has outlined the potential of the companies Electra Project in Mexico, after a nearby discovery.
Lithium carbonate is used in lithium-ion batteries and potassium salts.
Eligible shareholders can acquire between $2,000 up to a maximum of $15,000 of fully paid ordinary shares without incurring brokerage or any other transaction costs, irrespective of the size of their shareholding.
Adrian Griffin, managing director, commented: “Plant performance could not have been better. The results show that exceptional lithium extractions can be achieved without the need for fine grinding, or the production of clean concentr
All Lithium Australia shareholders will be offered a priority entitlement to share subscriptions under the public offer.
Pilot testing will lead to a decision being made to proceed with construction of a larger-scale pilot plant, for which Port Hedland is currently the preferred location.
The Sileach™ process is designed to recover lithium from silicates without the expensive roasting step. Lithium Australia expects to start pilot plant trials for Sileach™ at the ANSTO Minerals facility in the coming weeks.