Lithium Australia and Alix Resources Sign MOU For Lithium Extraction Technology JV

Alix Resources (TSXV:AIX) and Lithium Australia (ASX:LIT) have signed a memorandum of understanding for both companies to work together to develop certain technologies pertaining to commercially viable lithium extraction solutions. The MOU also considers Alix’s newly acquired Electra lithium project.
As quoted in the press release:

The concessions held by Alix cover interpreted strike extensions of the Sonora Project, operated by Rare Earth Minerals Plc and Bacanora Minerals Ltd.
LIT and Alix believe that a combination of low-grade material and energy inefficient processing systems have historically hindered lithium clay deposits from being commercialized. LIT has successfully extracted lithium from micas through the implementation of alternative, low-energy processing techniques and has been successful in producing lithium carbonate from unconventional silicate feed material. Some of the materials previously tested by LIT are suspected to bear a similar mineral chemistry to the mineralization at the Sonora Lithium Project and Alix’s Electra Project.

Lithium Australia Managing Director, Adrian Griffin, said:

We see great potential in developing processing hubs to take advantage of infrastructure and markets. Clearly Europe and Australia have commanded much of our attention, and will continue to do so, but North America is likely to become the powerhouse of the lithium business. The opportunity to evaluate ground next door to Bacanora’s Sonora Project is a major advance for Lithium Australia. The deposits in this region have already sparked the attention of Tesla as feed for the Gigafactory, which is close in comparison with other developed deposits. Providing a low-energy, cost effective alternative to less efficient processing systems may create a big advantage for these deposits.
Lithium Australia is pleased to be working in conjunction with Alix to develop a better processing alternative.

Alix Resources Managing Director, Mike England, said:

We are excited at the prospects of working with Lithium Australia and their team in relation to the development of mineral exploration opportunities for lithium in Sonora in tandem with the potential testing and demonstrating of innovative, new technologies for lithium extraction.

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