Ann: LIT: LIT response to counterclaim, page-144

@juk, @baldman82 got it spot on. The license is specific and specific to a project, in this case, the Cinovec JV project. Since the MoU between LIT and EMH has broken down (LIT very publicly announced), there is no license for LIT at Cinovec. They do however, still have that license, which they can assign at any point to another project.
http://lithium-au.com/wp-content/uploads/2016/11/4366jczh24tpw8.pdf

EMH subsequently signed a license option agreement with LPD for Cinovec
http://europeanmet.com/assets/AIM_-_2_May_2016_-_Lepidicol_License.pdf

The quotes you provided on "exclusivity", regardless of the fact it is paid coverage, are old and are at a point in time whereby LIT (CXB) were the only holders of a license. Since this time a number of JVs and and agreements have been struck By LPD and various other partie.