Lithium Australia and Lepidico subsidiary, Li-Technology Pty Ltd have settled the litigation between them by mutual agreement. All commercial details of the settlement remain confidential. However, as a result of the settlement, Lithium Australia advises that the three L-Max® licence agreements Lithium Australia has with Li-Technology remain valid and enforceable, being the exclusive L-Max Licence for Western Australia, International Licence No.1 and International Licence No.2.

Further, Lithium Australia advises that Lepidico has agreed that the 100% Lithium Australia owned Sileach™ process is not an improvement, enhancement or modification of the L-Max® process (flowsheet shown). Li-Technology has withdrawn its counterclaim against Lithium Australia.

Adrian Griffin, Managing Director of Lithium Australia: “We are pleased with the outcome which allows Lithium Australia to pursue its strategy of building a global lithium business without unnecessary distractions or legal impediments. We can now continue with the business of delivering further positive results.”