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Lithium Australia NL invested in Canadian lithium alliance ahead of IPO
Thursday, August 04, 2016 by Proactive Investors
Lithium Australia NL invested in Canadian lithium alliance ahead of IPO
Lithium Australia NL (ASX:LIT) has provided seed capital for LiGeneration Ltd, which holds Canadian lithium projects and is planning an ASX IPO before the year-end.
LiGeneration owns 100% of three project areas neighbouring the second largest and richest global lithium reserve, the Nemaska Lithium Whabouchi Mine.
The three areas comprise the Whabouchi Southwest and Southeast lithium projects and cover 140 square kilometres.
LiGeneration also owns the Wells-Lacourciere lithium project which has produced historical results from trenching and sampling of up to 4.0% lithium.
Lithium Australia shareholders will be offered a priority entitlement to IPO share subscriptions in the LiGeneration
float.

LieNA™ processing technology
The company has lodged a provisional application for an Australian patent with a corresponding trademark in relation to a caustic digestion process which has been entitled LieNA™.
This is consistent with Lithium Australia’s strategy of generating projects and matching processing technologies.
Lithium Australia is developing the following processing technologies:
- Sileach™ versatile process for all lithium silicates (100% LIT).
- LieNA™ lithium from spodumene in caustic solution (100% LIT).
- L-Max® exclusive processing rights for use in Western Australia and two projects internationally. The ultimate beneficial owner of L-Max® is currently Platypus Minerals Ltd.

Commercialising Sileach™
Lithium Australia is currently working with the ANSTO Minerals, a division of the Australian Nuclear Science &Technology Organisation (ANSTO) to refine the process flow-sheet for Sileach™.
Stage 1 test work is well underway to deliver:
- a process flow-sheet for commercialisation;
- operating parameters for the Stage 2 pilot plant, and
- design criteria for the Stage 2 pilot plant.
The Stage 2 pilot plant is proposed to:
- be located in Port Hedland;
- produce 2,000 tonnes per annum of saleable lithium carbonate output, and
- produce feed of up to 400,000 tonnes per annum of concentrates.

Next steps for Sileach™
The next steps on the timeline to commercialise the Sileach™ process are:
- Finalising construction of the pilot plant with ANSTO (Q3 2016);
- Operating the pilot plant (Q3-Q4 2016);
- Completing the study (Q4 2016); and
- Deciding whether to proceed to a continuous, site-based pilot plant (Q1 2017).

Additional funding
Lithium Australia has also recently received funds to fully pay up the remaining two holdings in the LITCD series, which are unlisted partly paid shares.
Once the funds have cleared and the corresponding shares issued, the company will make application to ASX for the current series of unlisted partly paid shares to become listed.

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