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Lithium Australia to receive $1.3 million grant for LieNA® research

Proactive Investors Wednesday, 12 February 2020 ()
Lithium Australia NL (ASX:LIT) has been awarded a federal government grant to support the next stage of its $3.6 million LieNA® research and development program. The company will receive a $1.3 million grant for the R&D program which will provide a pathway to commercialisation of the processing technology. Leading researchers and companies participating in the R&D program include the Australian Nuclear Science and Technology Organisation (ANSTO), Murdoch University and Curtin University. LieNA® could hold significant value to hard-rock miners Lithium Australia’s managing director Adrian Griffin said: “LieNA® has the potential to commercially recover lithium from fine and contaminated material discharged to tailings by the spodumene producers that currently achieve poor recoveries. “If LieNA® can improve the viability of hard-rock lithium mining operations, its effects will be far-reaching. “We applaud the federal government for recognising the significance of this project and welcome input from lithium producers who could benefit from a positive outcome for this research. “We appreciate the considerable contributions our partners will make and the expertise they can provide.” Multiple potential benefits to proprietary process LieNA® is a proprietary technology for the recovery of lithium from spodumene, which is the most common hard-rock source of lithium for the production of critical battery chemicals. While the recovery rate of lithium from current spodumene concentration processes varies, it can be as low as 50%. Lithium Australia’s LieNA® process is able to recover lithium from the fine spodumene in waste or tailings streams from such concentration processes. The LieNA® process has the potential to not only expand current hard-rock lithium resources and reduce mining costs but also improve the sustainability of spodumene production and the subsequent manufacture of lithium chemicals.
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