Lithium Australia NL (AU:LIT) has released an update.
Lithium Australia NL has announced the successful completion of the initial stage of its LieNA piloting with Mineral Resources Limited, producing an intermediate product for lithium phosphate production at ANSTO. The companies are on track to complete piloting and study activities in 2024, with plans to form a joint venture to commercialize the LieNA technology through a licensing model targeting a royalty rate of 8%. This development marks significant progress towards commercialization and global licensing opportunities for the LieNA technology.
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