Lithium Australia completes due diligence on Very Small Particle Company acquisition

By Trevor Hoey. Published at Oct 24, 2017, in Mining

Lithium Australia (ASX:LIT) announced on Monday that it had completed due diligence in relation to the acquisition of advanced cathode material producer, the Very Small Particle Company (VSPC).

The only remaining conditions regarding the acquisition are approvals from shareholders and regulators.

This is an important development for the group as VSPC owns proprietary processes for the production of lithium ion battery cathode materials, as well as a comprehensive pilot plant and advanced laboratory and testing facilities.

The VSPC technology is adaptable to the production of a wide range of cathode materials and provides a simple and cost-effective means of producing such materials within an environment of superior quality control.

In terms of the science behind the VSPC technology, it commences with cathode metals in a solution from which the cathode nanoparticles are precipitated. The commencement of the process is compatible with the solutions produced during the processing of hard-rock minerals to recover lithium carbonate, or lithium hydroxide.

Lithium Australia cathode production

The direct production of cathode materials from such solutions potentially removes two process steps involved in the manufacture of cathode materials, resulting in a revolutionary process which capitalises on the value-add generated by progressing from lithium chemicals to cathode materials.

LIT is investigating the seamless production of cathode materials from hard-rock minerals using hydrometallurgical front-end processes including the company’s proprietary SiLeach LMax processes (owned by Lepidico Ltd) for which LIT has exclusive rights in Western Australia.

It should be noted here that LIT remains a speculative stock and investors should seek professional financial advice if considering this stock for their portfolio.

In highlighting the company’s near term prospects, Managing Director Adrian Griffin said, “LIT is close to the completion of engineering studies on both LMax and SiLeach processing plants and we anticipate a commitment to construct such plants, nominally sized at an output of 2500 tonnes per annum lithium carbonate equivalent early in 2018.”

tags

LITHIUM

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.

Publishers Notice

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.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X