Lithium Australia Bolsters European Strategy with German EL

Disruptive process developer Lithium Australia NL (ASX: LIT) has increased its European exposure by taking up prospective exploration ground in the Erzgebirge (Ore Mountains) region of Saxony, where lithium mineralisation is often associated with tin and tungsten mineralisation. Notable deposits there include Cinovec (Czech Republic), Zinnwald (Saxony) and Sadisdorf (Saxony), where Lithium Australia is farming into an historic tin mine with a pervasive lithium greisen halo. Sadisdorf is owned by Tin International AG and Lithium Australia is earning up to 50% of that project.

Lithium Australia plans to use its 100%-owned SiLeach® process to recover lithium from Sadisdorf, which may have sufficient resources to sustain 10 years of lithium carbonate production at a rate of 25,000 tonnes per annum.

The Company’s objective is to establish a central processing hub in Europe to support battery production for the rapidly expanding electric vehicle industry.


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