Brief: Lithium Australia Announces Joint Development Agreement With Mineral Resources

Livium

07/08/2023 02:36

Aug 7 (Reuters) - Lithium Australia Ltd  LIT.AX :
    * JOINT DEVELOPMENT AGREEMENT WITH MINERAL RESOURCES
    * JOINT DEVELOPMENT AGREEMENT WITH MINERAL RESOURCES
    * MINRES WILL SOLELY FUND DEVELOPMENT AND OPERATION OF A
PILOT
PLANT AND AN ENGINEERING STUDY FOR A DEMONSTRATION PLANT UP
    * MINRES WILL SOLELY FUND DEVELOPMENT AND OPERATION OF A
PILOT
PLANT UP TO TOTAL BUDGETED COST OF A$4.5 MILLION
    * MINRES AND LITHIUM AUSTRALIA WILL FORM A 50:50 JOINT
VENTURE TO
OWN AND COMMERCIALISE LIENA® TECHNOLOGY THROUGH A LICENSING
MODEL
    * LITHIUM AUSTRALIA AND MINRES WILL EACH HAVE A 50% INTEREST
IN JV
ENTITY
    * JV PLANS TO LICENSE LIENA TECHNOLOGY TO THIRD-PARTIES

Source text for Eikon:  ID:nASX6L1bB6 
Further company coverage:  LIT.AX 

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