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Lithium Australia reorganises business divisions providing investor optionality and cost reductions

Lithium Australia NL (ASX:LIT) has implemented a rationalisation program designed to consolidate its efforts behind its most advanced technologies.

In doing this, the company will improve management and investor focus for each of its four business divisions – raw materials, lithium chemicals, batteries, and recycling.

A desired outcome of this rationalisation program is to allow investors to invest directly in the business divisions of their choice as stand-alone vehicles while still having exposure to the whole energy-metal cycle.

Reorganisation will also reduce costs
Lithium Australias managing director Arian Griffin said: “Reorganisation of the companys business units and asset base will create more focused opportunities for investors with an appetite for the energy-metals and battery sectors.

“Lithium Australia will be able to reduce costs while continuing to deliver the benefits of its current research programmes.

“This is critical in a market of depressed prices for battery ..

Lithium Australia NL (ASX:LIT) has implemented a rationalisation program designed to consolidate its efforts behind its most advanced technologies.

In doing this, the company will improve management and investor focus for each of its four business divisions – raw materials, lithium chemicals, batteries, and recycling.

A desired outcome of this rationalisation program is to allow investors to invest directly in the business divisions of their choice as stand-alone vehicles while still having exposure to the whole energy-metal cycle.

Reorganisation will also reduce costs

Lithium Australias managing director Arian Griffin said: “Reorganisation of the companys business units and asset base will create more focused opportunities for investors with an appetite for the energy-metals and battery sectors.

“Lithium Australia will be able to reduce costs while continuing to deliver the benefits of its current research programmes.

“This is critical in a market of depressed prices for battery commodities.”

Raw materials: rationalising tenement holdings

The companys new raw materials divisional manager Mark Strizek is in the process of rationalising its tenement holdings across WA, NT, QLD and SA.

LIT plans to use its processing technologies to extract what have been historically considered waste materials such as lithium micas and fine spodumene.

To this extent, it is seeking partners for its 54% interest in the Electra Project in Mexico, its Greenbushes tenements in Western Australia, and Dudley Project in South Australia.

Lithium chemicals: seeking partners to commercialise processing technologies

LIT's lithium chemicals division comprises patented processing technologies such as SiLeach®, and LieNA®.

Notably, the company has already partnered with some of the best technical expertise available such as the Australian Nuclear Science and Technology Organisation (ANSTO).

While the production of lithium phosphate is a common thread in the extraction technologies LIT has developed, there is also the ability to produce lithium hydroxide or carbonate as required.

LIT is seeking partners to commercialise its LieNA® process and has made a decision to delay any further investment in its SiLeach® processing technology.

Batteries and cathode materials: PFS results due in near-future

LIT is the sole owner of VSPC, a company with three families of patents covering novel processes for the production of LIB cathode powders.

Product testing of VSPC-produced battery materials with customers in Japan and China is ongoing and feedback to date has been positive.

A pre-feasibility study (PFS) for a 5,000 tonnes per annum cathode-material project has been completed, with its strategic recommendations the subject of internal review.

The results of the PFS will be released in the near future.

LIT and VSPC have also entered into an agreement with DLG to commercialise VSPC cathode powders in China, and develop a battery distribution business within Australia.

Recycling: amalgamating capabilities of LIT and EA

LIT's recycling division incorporates its 18.9% ownership of Australia&#039Read More – Source

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Australia

Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP


The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

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Australia

Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey


Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling


The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

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Australia

Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions


Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”


PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader


Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source

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