Lithium Australia (ASX: LIT)
One ASX lithium developer could have the keys to unlocking high-grade lithium for any manufacturer, or end-user, at a fraction of the current cost.
Lithium Australia (ASX: LIT) has its hands on two ground-breaking lithium extraction technologies that have the ability to process all lithium silicates without roasting.
These technologies form a major part of LIT’s gameplan and overall ambitions to become a premiere source of high-grade lithium products to the world.
As part of its broader plan, LIT recently drilled its first lithium drill hole at its Agua Fria Project in Sonora Mexico with strike potential verified at more than 5km and drill intersections of lithium bearing sediments commencing at surface.
Drilling is progressing well with five completed holes totalling 627 metres and assays only received for one hole, meaning there are plenty of potentially positive results to follow.
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LIT is looking long term to build a commercial scale processing hub to be launched next year in tandem with other Sileach processing hubs in Europe and around the world.
With highly sought after technology, its own lithium projects being explored and a processing hub to follow, LIT is well on track to meet its global lithium ambitions.