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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.
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