Lithium Australia earns 25% of Electra JV

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced it has earned a 25 per cent stake of the Electra joint Venture in Mexico with TSX-listed Alix Resources (TSX: AIX).

Lithium Australia indicated work was ongoing at the Electra project to explore and develop projected extensions of the Sonora lithium clay deposit at the project.

In its announcement to the ASX Lithium Australia said the two companies acknowledge they have a challenge in bringing low-grade large deposits like Sonora into production identifying what they believe to be the key to commercialisation.

This includes:
Low energy process flowsheets; and
Potential to beneficiate the ore.

The JV believe lithium clay deposits present them with a challenge, but the application of the best available technology will be key to commercialising these, adding the application of advanced exploration techniques will accelerate resource assessment.

Adoption of mineral separation technology from other industries may allow the production of a beneficiated product, to reduce capital and operating costs.

“At Lithium Australia we recognize the value of innovation in developing process solutions,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“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.”