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.