Lithium Australia to develop ‘Sileach’ with Pilbara Minerals

Company News

by David Chau

Lithium Australia NL (ASX:LIT) and Pilbara Minerals (ASX:PLS) have teamed up to progress the development of Sileach.

Sileach is potentially a new process of recovering lithium carbonate, and is owned by Lithium Australia.

The company says Sileach will be more energy efficient, compared to conventional ways of mining lithium because it will not require the additional step of ‘roasting’.

Both companies may enter a 50/50 JV to commercialise Sileach, and develop a lithium conversion facility – depending on the results of the Sileach tests.

Lithium Australia reported a net loss of $1.76 million at 31 December 2015.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.