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Lithium explorer lists on ASX

24th June 2016

By: Mariaan Webb

Creamer Media Contract Publishing Editor

  

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JOHANNESBURG (miningweekly.com) – Pure-play lithium exploration company Lithium Power made a successful debut on the Australian stock exchange on Friday, closing at a 37.5% premium to its listing price.

The company’s stock closed at A$0.275 a share, compared with a listing price of A$0.20 a share.

The start of trading on the ASX followed an oversubscribed initial public offering, in which Lithium Power raised A$8-million for exploration at its projects.

“The company is now firmly focused on fast-tracking the exploration and development of our lithium projects in the world-class jurisdictions of Western Australia and Argentina,” commented Lithium Power CEO Martin Holland.

Lithium Power’s projects include hard-rock spodumene targets in the Pilbara and Greenbushes regions of Western Australia, and the Centenario brine salar in the lithium province of Salta, in Argentina.

Edited by Creamer Media Reporter

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