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TSXV:AIX

Alix Resources Corp (TSXV:AIX) announced Lithium Australia NL (ASX:LIT) has now completed its phase one obligations to officially earn a 25% vested interest in the Electra Lithium Project which borders Bacanora Minerals Ltd. (BCN-TSX:V) and Rare Earths Minerals PLC Sonora Lithium Project located in Sonora, Mexico.

Alix Resources Corp (TSXV:AIX) announced Lithium Australia NL (ASX:LIT) has now completed its phase one obligations to officially earn a 25% vested interest in the Electra Lithium Project which borders Bacanora Minerals Ltd. (BCN-TSX:V) and Rare Earths Minerals PLC Sonora Lithium Project located in Sonora, Mexico.
As quoted in the press release:

Work continues at the Electra Project to explore and develop the projected extensions of the giant Sonora lithium clay deposit.
LIT and Alix acknowledge the challenge of bringing the low-grade giants into production and believe the key to commercialization lies in:

  • Low energy process flowsheets, and
  • Potential to beneficiate the ore.

The lithium clay deposits present a significant challenge and the application of the best available technology will be key to commercializing these occurrences. The application of advances in exploration techniques will accelerate resource assessment.
Adoption of mineral separation technology form other industries may allow the production of a beneficiated product, to reduce capital and operating costs.

Alix Resources CEO, Mike England, stated:

We are pleased to have Lithium Australia achieving their first milestone and becoming a JV partner with Alix. With work underway at Electra we look forward to updating shareholders of both Companies as developments occur.

Lithium Australia Managing Director, Adrian Griffin, stated:

At Lithium Australia we recognize the value of innovation in developing process solutions. Our success in developing the Sileach™ process for spodumene is a great example and we strongly believe we can develop a processing strategy to enhance the commercial opportunity provided by processing lithium clays.

Connect with Alix Resources Corp (TSXV:AIX) to receive an Investor Presentation.

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