Lithium Australia Report For June 2016: Transforming The Lithium Supply Chain

Lithium Australia NL (ASX:LIT) has been successful in developing its own unique hydrometallurgical process, the Sileach™ process which allows lithium to be extracted from spodumene without roasting. This is seen by industry and end users as a significant breakthrough.

LIT continues to assess lithium projects worldwide and is actively reviewing opportunities in Africa, Europe, the Americas and Australia.

HIGHLIGHTS

• LIT unveiled the 100% owned Sileach™ lithium extraction process
• LIT and Pilbara Minerals Ltd (ASX: PLS) to jointly progress the Sileach™ technology for potential future production of low-cost lithium carbonate in currently proposed WA processing hub
• LIT and ANSTO Minerals continue pilot plant preparation
• LIT advised an update of the Electra Joint Venture in Sonora Mexico with Alix Resources Inc (TSVX: AIX) including earning its first 25% interest
• LIT doubled its Greenbushes (WA) footprint and commenced exploration there – the world’s most productive hard-rock lithium province
• LIT consolidated its position with Cazaly Resources Ltd (ASX: CAZ) through the Goldfields Lithium Alliance (GLiA)
• LIT shareholders to benefit from WA Graphite Project divestment
• Establishment of the section 708 register (which is still open)
• Further promising exploration results continue and initial permitting approval for Ravensthorpe (WA) drilling program
• LIT and US Masters Holdings Ltd (ASX: USH) complete strategic consolidation of Lake Johnston lithium pegmatite field

SUBSIQUENT EVENTS

• LIT expands its strategic lithium holdings in WA’s Gascoyne
• LIT in maiden move into Queensland as part of an enlarged Australia-wide lithium search

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