Lithium Australia receives Federal grant
Lithium Australia (ASX:LIT) has been awarded an Innovations Connections Grant by the Australian Federal Government as it moves to commercialise its SileachTM process for the recovery of metals – lithium in particular – from silicate minerals.
The Grant is a part of the Entrepreneur’s Programme run by the Department of Industry and Science.
“We welcome the Federal and WA Government’s support to be innovative and this ‘ideas boom’ ideally suits our project development goals,” said Lithium Australia Managing Director Adrian Griffin.
Griffin said the Sileach process has the potential to catapult Australia into the forefront of the lithium battery boom by supplying optimal grade and purity material from low energy production of lithium chemicals.
“These can be produced from a range of materials including spodumene and mica,” said Griffin.
Under the terms of the grant, LIT will partner with ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation).
The initial program will focus on the how the Sileach process aids the recovery of lithium from micas.
The Sileach process could soon disrupt the lithium market by bypassing third party refiners.
The grant will enable LIT to further accelerate its commercialisation ambitions.
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