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Global Operator Lithium Australia's $2.5m+ JV Contribution
To $1m mcap Alix, if full 65% taken up:
• $1.5m on project expenditure
• 2.5m LIT shares to Alix (current val $350k+)
• Cash $250k
• 1m partly paid LIT shares to Alix
• $100k private placement
• $150k warrants
Lithium Australia are also bringing their coveted processing technology to the table, with the capability of producing lithium hydroxide from micas which LIT announced last week:
“The ability to achieve these outcomes potentially adds enormous value to Lithium Australia’s Western Australian and international projects in Europe and Mexico.”
Lithium samples have already been sent to KC & A, Nevada to test for commercial viability. Since then Alix have aquired the additional Gran 2 concession, surrounded by combined $250m cap BCN/REM who have already agreed a Tesla lithium supply deal. Gran 2 is located less than 1km east of where US Borax returned samples of 1,000+ ppm Li.
LIT have demonstrated a great deal of confidence in committing to JV partnership with Alix, as the copyright agreement of their processing technology allows them only two international licences outside of Australia. The other is Cinovec in the Czech Republic, the world's 4th largest lithium resource.
Today's announcement goes a long way to significantly de-risking the Electra Project. With a market cap of just over $1m, Alix has incredible upward potential.
http://myinforms.com/en-gb/a/23445358-lithium-australia-lithium-hydroxide-production-process-confirmed/
Read more at
ALIX AQUIRE ADDITIONAL PROPERTY SURROUNDED BY $250M BACANORA/REM
There's something quite exciting going on behind the scenes in Sonora which I can't quite figure out yet, but I'm looking forward to watching how it plays out:
I'm sure others were intrigued by how quickly lithium novice Alix secured the concession, entered into partnership with LIT, and discovered lithium for which samples have been sent to test for business viability. And now make an additional aquisition in the heart of what has been described by REM chairman as "the Saudi Arabia of lithium"
It makes me wonder if events have be orchestrated by bigger players than $1m m-cap junior, Alix Resources...
Lithium Australia announced potential $28m financing on ASX earlier today.
LIT have indirect link with BCN: BCN is jv partner with REM for Sonora. REM are the largest stakeholder in EMH.ASX EMH are jv partners with LIT for Cinovec lithium project in the Czech Republic.
LIT announced potentialy up to $28m (AUD) funding on the ASX earlier today, following Friday's news of Alix lithium discovery. Today we are told ADDITIONAL acreage has been aquired.
Check out the wording of LIT's announcement on Friday (below) and you will see that they are driving the technical side of this project.
I'm guessing that BCN / REM want to outsource their production in some sort of amalgamation with LIT to take advantage of their sub-$1000 p/t production costs - also take a look at their December hydroxide production announcements (spot prices in China currently $15k - $20k p/t)
To achieve this LIT need a presence on the doorstep of BCN / REM.
LIT "aim to control the greatest lithium resource base of any entity worldwide", even if Alix is a happy passenger in this ride - it's going to be an interesting journey!
LIT announcement 8 Jan:
"LIT will conduct the necessary activities to produce a report summarising the work completed and the potential business opportunity. If the report demonstrates business potential, LIT will then produce a commercial development proposal that summarises a high level road map for the exploitation of lithium, potassium and other metals from the Samples.
LIT will carry out bench scale laboratory testing and full chemical analysis of the Samples, and share all results with Alix. If warranted, LIT shall carry out small scale pilot testing and provide a detailed financial and metallurgical report to Alix. LIT shall investigate and develop solutions using the Samples. All of the work to be carried out by LIT above are collectively the "LIT's Works".
Lets wait for the assays don't you think? We are waiting on England to reveal assay results on another of his operations.
Alix announce lithium discovery!
http://www.juniorminingnetwork.com/...ot-located-in-sonora-mexico.html#.Vo1eRI-cGM8
Alix Discovers Lithium on Electra Project Adjoining Bacanora's "Sonora Lithium Project" Located in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 6, 2016) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) announces the discovery of a lithium-bearing, clay-rich showing in a sequence of sedimentary-volcanic rocks located on the Company's northern Tecolote Concession, which adjoins Bacanora Minerals Ltd. and Rare Earths Minerals PLC (REM)'s Buenavista concession located in Sonora, Mexico.
Alix's Tecolote Concession, located approximately five kilometres NNE of Bacanora/REM's Buenavista Concession, yielded samples moderately to strongly anomalous in lithium, with highlights including 211.0, 162.5, and 71.2 ppm Li. Comparably, historical lithium values discovered by US Borax (RTZ subsidiary) on the northern part of the Buenavista Concession ranged from 121 to 276 ppm Li, with higher lithium values (+1,000 ppm Lithium) found in the central portion of the concession (see Bacanora 43-101 at www.bacanoraminerals.com/reports/pdf/ni43101sonora.pdf).
Alix is also pleased to report the discovery of sedimentary beds on its Tule Concession similar to, on trend and correlate with, geological units which host Bacanora's La Ventana deposit (see PR dated December 10, 2015). The exploration program completed by Alix on the property in December included sampling which returned moderately anomalous lithium values from the portion of the concession area that Alix has prospected to date.
Mike England, President of Alix states, "The lithium numbers from the clays on our Tecolote Concession are consistent with historic sampling carried out by US Borax (which first discovered lithium in the area) on the northern part of the Buenavista Concession, now currently held by Bacanora/REM. This is an important discovery for Alix as it shows we have encountered indicators similar to those seen on the Buenavista lithium concession."
The technical contents of this release were approved by Mr. Case Lewis, a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.
ON BEHALF OF THE BOARD
Michael England, President, CEO, Director
Neighbour REM rose 2300% in Aug 2013
When the market woke up to the value of Sonora:
REM & BCN now have a combined market cap of $0.25 Billion.
Work has commenced to confirm the extension of Sonora lithium-bearing horizons in three distinct zones which have been defined by Alix geologists:
Global lithium developer, Lithium Australia NL (ASX: LIT or Company) advises that it has appointed Nevada based lithium specialist Kappes Cassiday & Associates (KCA) to commence scoping work on lithium clay deposits including the Electra Project"
LIT have chosen to enter an MOU with Alix as one of only two worldwide licensing agreements available under the copyright terms of their sub $1000 p/t production cost, market-disruptive processing technology. JV partner Lithium Australia announced on Dec 24, announced: "the conversion of lithium carbonate to high grade lithium hydroxide" at the first attempt.
Lithium hydroxide price is forecast to reach $20k p/t by end of month according to:
http://www.asianmetal.com/news/data/1271035/China lithium hydroxide prices increase on tight supply
Alix market cap is currently $1m. There is a risk with any micro-cap stock, as always, but the potential to replicate the gains made by REM in 2013 provides a compelling narrative to what could become one of 2016's star performers.
Great ALIX / LIT OVERVIEW
Tesla Strike Lithium Deal: To Source From Ground Directly Next to LIT?
The pace of the global lithium race has just stepped up another level for Lithium Australia (ASX:LIT).
All of a sudden LIT may well be on the radar of electric car maker Tesla Motors, as that company moves to secure lithium for its global lithium-ion battery roll out.
Back in August, Tesla Motors struck a conditional deal to receive lithium compounds from a site in northern Mexico.
The deal could see 35,000 tonnes of lithium compounds per year being sent to the Tesla GigaFactory in Nevada.
GigaFactory in Nevada.
Just days ago, LIT struck a deal to explore for lithium NEXT DOOR to the ground owned by companies that Tesla have signed a deal with
The ground LIT have signed a MoU on has strike extensions into the ground Tesla are interested in, and it appears to have similar mineral chemistry…
It doesn’t really get much bigger for lithium players than sidling up to none other than Tesla…
By now, regular readers would be familiar with the LIT story.
LIT is the miner applying innovative technology to disrupt an industry which is set to become one of the hottest mining sectors going around.
Like many in the lithium space, LIT has hitched its wagon to the production of lithium-ion batteries, an industry that is set to explode in the coming years thanks to a certain Elon Musk and the raft of innovators re-shaping the energy paradigm around the world.
Now at the same time, LIT is a speculative stock, and there is no guarantee the company will manage to pull off its commercialisation efforts.
Meanwhile, managing director Adrian Griffin has been given roughly two million reasons to oversee growth from its current market cap of just under $11 million to $50 million…
Lithium Australia (ASX:LIT) is using its zero-energy tech to open up a new resource which is usually considered a waste product by other lithium miners, meaning LIT will simply be able to sneak in and steal perfectly viable products from beneath their noses.
We first brought you this company back in June 2015 when it was trading under the ticker code CXB in the article ASX Company to Dominate Global Lithium Market? Since re-branding to LIT, this company has risen as high as 100%:
The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.
The Tesla Deal – and what it means for LIT
LIT’s recent deal struck with ALiX Resources (TMX:AIX) has brought it into the Tesla conversation.
One of the big drivers for lithium demand is lithium-ion batteries, the type Tesla Motors is planning on manufacturing en masse from its Gigafactory in Nevada.
Tesla recently signed a conditional lithium hydroxide deal with Rare Earth Minerals PLC and Bacanora Minerals. It was read as a sign that Tesla was getting ready to play well and truly in the upstream lithium space.
The deal received widespread coverage in North America press – including The Wall Street Journal:
It just so happens that ALiX Resources’ tenements are right next door to the deposit Tesla is so interested in.Which also places LIT in prime position – it’s going to be developing lithium extraction technologies right next door to where Tesla could be getting its lithium from
Check out the map below. The red shading to the north and south is where LIT plan to advance its extraction tech – and the blue shading in the middle is the lithium deposit that Tesla is looking to ultimately get its hands on.
The MOU signed between LIT and ALiX could see LIT’s innovative tech approach applied to ALiX rocks, which are low-grade, in order to commercialize the extraction of lithium from them.
As we’ll go through later, the extraction technology LIT has developed in conjunction with Strategic Metallurgy, and applied to other deposits, is zero-carbon. Although this is not directly applicable to the clay deposits, LIT is clearly positioning to accomplish a similar feat with bespoke energy efficient technology which does recover lithium from the clay.
Now if you were a next-generation clean energy producer, wouldn’t it be great to have an option to buy lithium which has been produced with zero harmful emissions?
Certainly LIT managing director Adrian Griffin is thinking that way.
“The opportunity to evaluate ground next door to Bacanora’s Sonora Project is a major advance for Lithium Australia,” he said of the ALiX deal.
“The deposits in this region have already sparked the attention of Tesla as feed for the Gigafactory, which is close in comparison with other developed deposits.
“Providing a low-energy, cost effective alternative to less efficient processing systems may create a big advantage for these deposits,” he said of the ALiX deal.
At this stage, samples from ALiX’s project will be brought to LIT for initial analysis, and should that hold potential LIT will produce a commercial development proposal, which will contain a roadmap for ultimate commercialisation using LIT’s methods.
Then the JV will move onto small-scale testing, and ultimately commercial arrangements.
The terms of these potential arrangements will be written into the definitive joint venture agreement.
LITIUM BOOM MOVES TO MEXICO
Great Electra / Sonora overview:
ALIX LITHIUM
Worth considering that combined BCN & REM market cap is nearly $250m. ALIX = $1m The potential for growth here in the next 1 - 2 years is phenomenal!!!
Lithium Hydroxide Prices Soaring!
From Asia Metals yesterday:
[img]China lithium hydroxide prices increase on tight supply
2015-12-18 08:49:01
BEIJING (Asian Metal) 18 Dec 15 - Lithium hydroxide monohydrate prices increase to around RMB100,000/t (USD15,432/t) and RMB110,000/t (USD16,975/t) for industrial and battery grades respectively this week in China because of the tight supply. Insiders believe that the prices will move up further by RMB10,000/t (USD1,543/t) next week as some smelters have stopped production in terms of spodumene shortage.
A Chinese consumer told Asian Metal that they purchased around 5t of industrial lithium hydroxide at RMB100,000/t (USD15,432/t) early this week, while they last purchased the material at RMB80,000/t (USD12,346/t) with the same amount one month ago. “Some producers of lithium hydroxide said they are out of stocks and some are reluctant to sell at the moment,” said the source, thinking the price will rise by RMB20,000/t (USD3,086/t) within this month.
According to the source, they consume 3-4tpm of lithium hydroxide and usually stock around 5t at hand. “One of our regular suppliers said they have stopped production due to the shortage of spodumene,” said the source. Currently, they have less than 4t of lithium hydroxide at hand.
A source from a Chinese smelter with a capacity of 5,000tpy told Asian Metal they sold a batch of lithium hydroxide at RMB110,000/t (USD16,975/t) for battery grade this week, up by RMB10,000/t (USD1,543/t) compared with that last week. “After lithium carbonate 99.5%min price rose to RMB120,000/t (USD18,519/t) from RMB100,000/t (USD15,432/t) early this week, our clients have felt that the prices of lithium hydroxide would go up,” said the source.
With an output of around 400t of battery lithium hydroxide last month, the smelter stocks around 300t at hand currently. They believe the price will rise to RMB130,000/t (USD20,062/t) at the end of this month.[/img]
JV partner Lithium Australia produces first lithium hydroxide:
From Finfeed last week:
[img]Lithium Australia (ASX:LIT) announced today that it had produced its first lithium hydroxide.
Lithium hydroxide is a value added lithium chemical, used for lithium batteries.
The breakthrough came on 9 December 2015 and is the first step in Lithium Australia’s investigation into a range of value added lithium chemicals targeted for the lithium battery industry.
Present markets for the hydroxide product command a premium of approximately 25% and the upgrade of the product is a significant value-add.
Lithium Australia is well placed to capitalise on this breakthrough as it comes on the back of a deal with ALiX Resources to supply its ground-breaking lithium processing technology.
LIT is a developer of disruptive lithium technologies and has strategic alliances with a number of companies that could provide access to a diversified lithium mineral inventory spanning three continents.
[/img]
Found this guy. Trouble is no buys or sells so any investment is really frozen money until something happens. Have followed for a time and did not like their R/S even when very minor amount of shares were outstanding at the time. Sort of a ruthless move imo.
Surprised that AIX has not been listed on Ihub!!
Hope we will have many posters positive or negative re this company projects
Please be civil in ALL posts.
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