Lithium Australia Report For The Quarter Ending 30 June 2017 – And Outlook For A Robust Fy18

Dear Lithium Australia shareholders,
You will see from the contents of this June 2017 quarterly report that Lithium Australia (ASX:LIT) has entered the 2017-2018 financial year (FY18) in the best position yet to deliver on our well enunciated business strategy.
LIT’S strategy is to apply the best available processing technology to unconventional plant feed. That feed may include low-grade, of contaminated spodumene concentrates, lithium micas, lithium feldspathoids, lithium amphiboles, and a host of other lithium minerals, not usually processed to produce lithium chemicals. LIT plans to process the materials rejected by others, and with a low exposure to mining costs. Alternative feed supply will be generated through LIT’s own projects as a backup to third party feed to de-risk supply issues for the development of lithium processing hubs. These hubs will be centred around deploying our 100% owned Sileach® process.
Recent engineering studies showed that a large-scale pilot plant can be profitable, even without by-product credits. The studies also identified that substantial saving in both capital and operating costs could be achieved by some flow sheet modifications. These modifications are presently being tested prior to being incorporated in the SiLeach® plant design. These tests are being undertaken by ANSTO Minerals, a division of the Australian Nuclear Science and Technology Organisation) for incorporation in an improved design, in anticipation of a commitment to build the first plant.
Our June 2017 quarter achievements and report follow.
Adrian Griffin
Managing Director
Lithium Australia NL
MEDIA CONTACT:
Adrian Griffin Lithium AustraliaNL 08 6145 0288 | 0418 927 658
Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631
Click here to connect with Lithium Australia (ASX:LIT) to receive an Investor Presentation.

Source: lithiumau.wpengine.com