Ann: Option Exercise and Cleansing Notice, page-4

Lithium Australia NL (ASX:LIT) Investor Overview - Investing News Australia

LieNA® has been recognised by the Australian federal government with the awarding a significant Cooperative Research Centres Project (CRC-P) grant for a LieNA® pilot plant, currently under construction in Sydney, New South Wales, Australia. Lithium Australia will initiate a pre-feasibility study on completion. The plant will process spodumene fines recovered from exploration drilling by Essential Metals Ltd (ASX: ESS) in Western Australia.
The company's LieNA® process has the potential to not only significantly improve resource and mine life and environmental sustainability within the lithium industry but also increase the availability of battery metals to meet future energy demand. Lithium Australia has sold its first licence for LieNA® and believes there is potential to issue further licences and/or consolidate the technology.