https://www.miningweekly.com

Lithium Australia to divest of graphite assets

10th May 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Lithium Australia would divest of its five Western Australian graphite projects to focus on its lithium assets.

The junior company on Tuesday told shareholders that, since 2014, the company had been working to acquire a pool of assets covering both lithium and graphite after finding that both commodities would be high-demand materials for the lithium battery market.

However, in the two years since, the company’s business plan was implemented to advance the development of low-energy processing technologies for lithium extraction from silicates.

“In the past two years, Lithium Australia has developed an extensive lithium portfolio to support our processing ambitions but, while we were doing so, we were cognisant of other raw material requirements for battery and associated clean energy technologies,” said Lithium Australia MD Adrian Griffin.

“Of the cleantech raw materials, graphite in particular was in our sights as we built our lithium asset base; this dual focus enabled the company to identify and acquire a number of areas with high graphite potential.”

Griffin said that, to maintain the company’s lithium focus, Lithium Australia would now divest of its graphite portfolio.

The returns generated from the sale of the assets were currently intended to be distributed to shareholders, subject to the required approvals.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 1.091s - 110pq - 2rq
Subscribe Now