07-Aug-2023: LIT-Landmark-joint-development-agreement-with-Mineral-Res.PDF

See my straw on this here: https://strawman.com/reports/MIN/Bear77?view-straw=23512

You will probably have to scroll down through my rather lengthy MinRes (MIN) valuation to find the straw, but it's there. It should also be directly below this one in the News Feed on the home page and also below this straw in my Activity list - see here: https://strawman.com/Bear77/activity During the next day or two, that would be the quickest way to find it.

Anyway, here's what the LIT share price did on Monday after this "JDA with MinRes" announcement was released:

That's a +66.67% rise in a day (3.3 cents/share to 5.5 cps), and Lithium Australia (LIT) held onto those gains on Tuesday so they closed at 5.5 cps again, after trading in a range from 4.9 cps up to 6.6 cps during the day.

Here's the announcement:

Disclosure: I do NOT hold LIT, but I do hold MIN.

Lithium Australia PFS vindicates high-value potential of LFP battery materials

(PFS~ pre-feasibility study)

HIGHLIGHTS

•  Superior performance of VSPC lithium ferro phosphate ('LFP') product demonstrated.
•  Positive pre-feasibility study ('PFS') confirms veracity of independent LFP cathode powder production chain.
•  US$253 million net present value ('NPV') and internal rate of return ('IRR') of 33% for 13 years of LFP production.
•  LFP attributes driving demand and market growth include: o superior safety o low-cost o no conflict metals required.
•  Lithium Australia has committed to a definitive feasibility study.

DISC: I hold

Lithium Australia granted US patent for lithium extraction technology HIGHLIGHTS

~ SiLeach® patent application granted by US Patent and Trademark Office.

~ SiLeach® patent application accepted by IP Australia.

~ SiLeach® patent application claims considered allowable by European Patent Office.

~ SiLeach®, which provides for low-energy recovery of lithium from micas, is potentially a short-cut in the production of lithium-ion batteries.

Disc: I have small holding

Lithium ferro phosphate battery market - 500% expansion by 2030 - a prime opportunity for Lithium Australia

HIGHLIGHTS

? Lithium ferro phosphate (‘LFP’) type lithium-ion batteries (‘LIBs’) reduce battery industry dependency on energy metals such as nickel and cobalt while providing safer power storage.

? It is anticipated that LFP will become the fastest growing sector of the LIB market, particularly with respect to electric vehicle (‘EV’) penetration into the automotive market and the increased use of battery energy storage systems (‘BESS’) for reliable power distribution from renewable energy sources.

? Lithium Australia’s battery R&D subsidiary VSPC is well-positioned to service LFP markets outside China.

Disc: I hold