LIT 1.79% 2.9¢ lithium australia limited

is it the pilot plant planned the first quarter of 2022 why I...

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    is it the pilot plant planned the first quarter of 2022 why I should get out at this stage ?

    Lithium Chemicals

    Lithium Australia, together with ANSTO, is continuing to develop its next-generation LieNA
    ® technology. LieNA® is a unique option for refining fine or low-grade spodumene to produce high- purity lithium chemicals as direct feed for LFP battery production in what is currently a booming LFP market worldwide.

    By targeting what is generally considered 'waste' spodumene, LieNA® has the potential to not only expand current hard-rock lithium resources (thereby reducing mining costs) but also enhance the sustainability of lithium chemical production.

    The final component required for construction and commissioning of the Company's LieNA® pilot plant, a high-temperature autoclave, was delivered subsequent to the end of the quarter. Installation of the autoclave and commissioning of the LieNA® pilot plant at ANSTO are planned for the first quarter of 2022.

 
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