Alix + Lithium Australia coverage: Electra Project Updatehttps://www.proactiveinvestors.com.hk/stock_news/10751-lithium-australia-nl-gets-busy-in-worlds-largest-lithium-clay-province.html Lithium Australia NL gets busy in world’s largest lithium clay province
2016-04-19 by Proactive Investors
Lithium Australian NL (ASX:LIT) will commence field work at its Electra project, which is positioned along a potential strike extension from the large Sonora lithium clay deposit in Mexico.
Sonora is the world's largest lithium clay province.
Lithium Australia has a joint venture with TSX listed Alix Resources (TSX:AIX) and have the ability to earn up to 65% as the project advances.
The Sonora lithium project has an Indicated Resource of 5.0 million tonnes of lithium carbonate equivalent, and an Inferred Resource of 3.9 million tonnes of lithium carbonate equivalent.
Background
Lithium Australia is a lithium technology company with multiple projects in Western Australia, one in Czech Republic and one in Mexico.
Most recently, the company was also granted a mineral license in the Bynoe Pegmatite Field, 50 kilometres south-southwest of Darwin in the Northern Territory.
The company holds proprietary lithium extraction processes, uses advanced exploration techniques and has access to lithium sources through its bank of projects.
SileachTM is a market leading metal extraction technology owned by Lithium Australia.
The SileachTM process is designed to recover lithium from silicates without the expensive roasting step that has long been the main stay of the lithium recovery process.
In March, the company began to fast track pilot plant testing of the Coolgardie lithium deposit using the SileachTM process.