Aug 7 (Reuters) - Lithium Australia Ltd (LIT) :
- JOINT DEVELOPMENT AGREEMENT WITH MINERAL RESOURCES
- JOINT DEVELOPMENT AGREEMENT WITH MINERAL RESOURCES
- MINRES WILL SOLELY FUND DEVELOPMENT AND OPERATION OF A PILOT PLANT AND AN ENGINEERING STUDY FOR A DEMONSTRATION PLANT UP
- MINRES WILL SOLELY FUND DEVELOPMENT AND OPERATION OF A PILOT PLANT UP TO TOTAL BUDGETED COST OF A$4.5 MILLION
- MINRES AND LITHIUM AUSTRALIA WILL FORM A 50:50 JOINT VENTURE TO OWN AND COMMERCIALISE LIENA® TECHNOLOGY THROUGH A LICENSING MODEL
- LITHIUM AUSTRALIA AND MINRES WILL EACH HAVE A 50% INTEREST IN JV ENTITY
- JV PLANS TO LICENSE LIENA TECHNOLOGY TO THIRD-PARTIES
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