Lithium Australia Expands Asset Base As Sileach™ Heads Towards Commercialisation

Independent pilot testing, by ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation) has taken LIT’s 100% owned Sileach™ process one step closer to commercialisation with recently completed pilot tests achieving spectacular results.
Lithium Australia NL (ASX:LIT)  has completed a commodity swap agreement which provides LIT with exclusive ownership of most of the lithium pegmatite field at Lake Johnston in Western Australia. This field lies immediately east of Kidman Resources’ much publicized Earl Grey discovery.
LIT has cemented its position in Quebec province, Canada by execution of aStrategic Partnership Agreement with MetalsTech Limited.
LIT and its JV partner Alix Resources Corp (AIX-TSX:V) have made a new discovery in Mexico and now have drilling approvals in place for exploration at the Electra Project in Sonora, Mexico. This project flanks Bacanora Minerals’(TSX-V: BCN and AIM: BCN) Sonora project, currently the world’s largest lithium clay deposit.
The balance of 2016 will see LIT exploration at:

• Ravensthorpe (Western Australia)
• Lake Johnston (Western Australia)
• Pilgangoora (Western Australia)

Pilot testing will continue at ANSTO Minerals and LIT will progress towards the float of its graphite assets.
Connect with Lithium Australia NL (ASX:LIT) to receive an Investor Presentation.