Altura mining has announced information about a $28 Million capital raising to fund its lithium project in West Australia. The financing package comprises of: ·         National & international investors $23 million AUD ·         Secure Purchase Plan for existing shareholders to participate in capital raising $5 million
The increase in lithium demand saw four new spodumene operations enter the market in 2018, which has impacted the hard rock ore’s trading price and reduced realized profits for West Australian producers. The Mt Marion lithium mine in WA has described a price fall of almost 15% over the last 3...
In 2018 Lithium Australia NL (ASX: LIT) identified lithium pegmatite at Medcalf which is part of the Lake Johnston Project. “Lithium Australia’s (ASX:LIT) has announced it has identified up to 7.1% lithium oxide from assays at its 100% owned Medcalf prospect, which is part of the Lake Johnson project 400km east of Perth.”...
Outotec, one of the mineral processing industry’s leading technologies and services companies has recently been awarded an AU$19 million contract to deliver their filtration technology for an Australian based lithium hydroxide processing plant. The project scope includes the design and delivery of Outotec’s patented Larox pressure filters, as well as installation...
The new year has seen two separate instances of company insiders purchasing large quantities of stock in Perth based European Lithium Ltd (ASX:EUR). Non-Executive Chairman Antony Sage has purchased 2 million shares of the company’s stock at an average cost of $0.09 per share in late January, whilst...
Whilst many industry experts have been promoting the idea of Australia as the next Lithium Valley, the Australian has so far pushed back on the idea of local battery production. However, this week the Federal Government has finally joined the push for Australia to become a key...
Kidman Resources announced on-Monday that it has been successful in overturning forfeiture applications that threatened to stop its Mt Holland lithium project in WA. The joint venture between Kidman Resources and South American giant SQM was put under fire earlier this year when Phoenix Rise and Jeffrey...
Pilbara Minerals has defied critics and is moving to expand its Pilgangoora mine in a bid to double its production at the Pilbara mine. The estimated cost of expansion currently sits at around $231 million, with CEO Ken Brinsden looking at various options to raise the capital for the expansion.
Albermarle’s proposed lithium plant to be constructed near Bunbury has been given environmental approval by the West Australian Government. The construction effort will create an estimate of about 500 jobs, whilst another 500 employment positions will be available when the plant is in the operations...
Core Exploration, an Australia-based metals developer has increased the size of its Finniss lithium project in the Northern Territory (NT). The resource increase of up to 5 million tonnes of 1.5% lithium oxide confirms the project as one of Australia’s highest grade, undeveloped lithium deposits. The BP33 deposit upgrade...