LIT a step closer to commercialising SiLeach®
Lithium Australia NL (ASX:LIT) has provided a promising update on its SiLeach® technology, announcing it will develop a large-scale pilot plant (LSPP) — having already approved front-end engineering and design (FEED) for the plant.
The move is considered a pivotal step on the road to commercialisation and will symbolise LIT’s final stages of research and development.
SiLeach® is chemical processing tech aimed at streamline the recovery of lithium discharged in waste streams during production of industrial minerals.
The pilot plant will utilise the results of LIT’s 2017 preliminary feasibility study on the application of SiLeach®, which revealed that water balance was a critical consideration area in the production process. LIT is in the process of procuring long-lead equipment, which will reduce the timeline through to commissioning and production.
Further, significant developments in water management have resulted in capital cost reductions in downstream unit processing.
LIT will utilise primary ore as the target feed during the first year of the LSPP’s operation, which will be sourced near the proposed location of the plant. As a result, the company expects additional equipment cost in the initial set up of LSPP, with dedicated machinery to be installed at the feed end of the plant.
The LSPP aims to produce 2,500 tonnes lithium carbonate equivalent (LCE) per annum from approximately 27,500 tonnes of lepidolite mineral feed (to a maximum grade of 4.5 per cent lithium).
Yet, LIT is an early stage company and success is not guaranteed, so investors should seek professional financial advice if considering this stock for their portfolio.
Final output from the plant will be dependent on the selected feed grade, with lower grade feed resulting in reduced output.
LIT believes production of by-products will occur, reaffirming that SiLeach® can produce potassium sulphate, sodium silicate, caesium and rubidium.
LIT expects to complete the following agreements during the quarter which will deliver the following:
- The LSPP site
- Infrastructure (power, water, gas, road and rail)
- Major reagent supplies
- Process feed material
LIT Managing Director Adrian Griffin spoke on the announcement: “Our commitment to advancing the SiLeach® process to an industrial scale is a critical element in the research and development required to bring a superior process into the lithium industry.”
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.