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.
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]
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