Ann: Anson Receives Positive NOVONIX Battery Test Work Results, page-2

Anson Receives Positive NOVONIX Battery Test Work Results
Highlights:
• Positive results from test work completed by NOVONIX (ASX: NVX, OTCQX: NVNXF)
for high performance lithium-ion batteries using Anson’s high purity lithium
carbonate (Li2CO3) & lithium hydroxide (LiOH.H2O)
• NOVONIX compared cathode powder synthesized using commercial metal hydroxide
and lithium precursors to Anson’s lithium product to provide real-world comparisons
o Cells went through Formation (FM), Ultra-high precision coulometric (UHPC)
cycle testing, Long-term (LT) cycle performance testing and High temperature
storage (STO) tests
• Anson’s 99.9% purity Li2CO3 performed better relative to commercially available
battery grade Li2CO3 in lithium-ion battery cells, specifically
o Similar or better first cycle efficiency and lower gas production during
formation cycles than reference material
o Less capacity loss and lower impedance growth during NOVONIX UHPC & LT
cycling testing
o Lower voltage drop and gas production after STO (possible higher cathode
stability than reference material)
• Li2CO3 test results indicate that Anson product has a longer lifespan compared to
commercially available battery grade Li2CO3
• Anson’s lithium hydroxide demonstrated similar performance to existing
commercial products in long-term cycle experiments (cycle testing still on-going)