"For the period ended 31 December 2022, Lithium Australia sales were $2.3 million, primarily related to the recycling division (31 December 2021: $1.0 million). Associated cost of sales were $1.7 million for the same period, down from $2.5 million in the period ended 31 December 2021. These delivered a Gross Profit of $0.6 million for the period ended 31 December 2022 (31 December 2021: $1.5 million Gross Loss). The primary drivers for this improvement relate to increased collection and processing of end of life batteries, the introduction of rebates from the B-Cycle scheme and improvements in operation efficiencies within the recycling division."
It looks like the recycling is picking up steam and cash.
LIT Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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