Lithium Australia completes initial LieNA® piloting stage

Proactive - Interviews for investors

Lithium Australia Ltd CEO Simon Linge sits down with Proactive’s Jonathan Jackson following the completion of the initial stage of the company’s LieNA® piloting at the Australian Nuclear Science and Technology Organisation (ANSTO), under a joint development agreement with Mineral Resources Ltd (MinRes). This stage involved producing an intermediate product from spodumene concentrate supplied by MinRes through multiple caustic conversion campaigns. This intermediate product is crucial for producing refined lithium phosphate in the final phase of the pilot, set to begin at the end of this month, with completion expected by year-end. Lithium Australia reported successful operation of the caustic conversion part of the LieNA® pilot plant, completing four campaigns over 18 days of continuous operation. Depending on the outcomes of the piloting and subsequent engineering study, the companies plan to form a 50:50 joint venture to commercialise LieNA® technology via a licensing model. This JV will own the technology and aim to license it globally, targeting an 8% gross product royalty rate. The first licence is expected for a demonstration plant, with further licences planned for new and existing spodumene mines worldwide. Lithium Australia aims to lead in sustainable lithium production and battery recycling. Their patented LieNA® technology positions them to benefit from rising lithium-ion battery demand and diversify global supply chains. Linge stated that this milestone leads into the final phase of piloting to produce high-quality lithium phosphate, reflecting the commitment to commercialise the LieNA® technology. Further updates on piloting operations and the demonstration plant engineering study are anticipated, progressing towards the formation of the JV and completion of JDA activities in 2024. #ProactiveInvestors #ASX #LithiumAustralia #LithiumExtraction #LieNATechnology #BatteryMaterials #SustainableEnergy #LithiumPhosphate #MineralResources #JointVenture #ANSTO #SpodumeneConversion #BatteryRecycling #CleanEnergy #LithiumIonBatteries #GreenTech #TechInnovation #EnergyTransition #Commercialisation #EngineeringStudy #LicensingModel #GlobalSupplyChain #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews