![Logo: Lithium Australia Limited – Quarterly Report Q3 FY24](https://arrowhead.bid/wp-content/uploads/2024/05/ASX-LIT.jpg)
Lithium Australia Limited uploaded a Earnings Report
April 23, 2024
Lithium Australia Limited – Quarterly Report Q3 FY24
Report Highlights:
- During Q3 FY24, Lithium Australia collected 344 tons of batteries, including 177 tons of lithium-ion batteries (LIBs), which represents an 18% increase from the prior corresponding period. Additionally, the company sold 170 ton =s of Mixed Metal Dust (MMD) year-to-date in FY24, marking a 181% increase from the previous year.
- Lithium Australia has signed exclusive recycling agreements with LG Energy Solution and Hyundai Glovis, reinforcing its focus on the collection of large-format LIBs.
- Significant progress was made under the joint development agreement with Mineral Resources Ltd (MinRes), with piloting and an engineering study underway. As of March 31st, 2024, Lithium Australia had a strong cash and listed investments position of AUD 7.1 million, with an additional approximately AUD 1.3 million received from MinRes after the quarter ended.