Livium Ltd. (ASX: LIT) Research Update – October 2024

Arrowhead is updating its coverage on Livium Ltd (“Livium”) with a fair value bracket of AUD 0.12 – AUD 0.16 (Share Price on October 31, 2024: AUD 0.02) based on a Net Present Value (NPV) methodology.

Report Highlights:

• Livium Ltd, formerly known as Lithium Australia Limited, is an Australian company leading the circular economy in the lithium-ion battery materials industry. The company specializes in battery recycling, the production of a critical battery material lithium ferrophosphate (LFP) and is also developing a patented lithium extraction technology. Livium is listed on the Australian Stock Exchange – (ASX: LIT).
• The company has signed exclusive agreements with BYD Auto, Infinitev, LG Energy Solution, Hyundai Glovis, and Volvo Group Australia to recycle their end-of-life batteries.
• In Q1 FY2025, Livium sold its ownership in Charger Metals NL (ASX:CHR) to Core Lithium Ltd (ASX:CXO), receiving 0.8 CXO shares for each CHR share, representing a consideration of AUD 541,000.
• Additionally, the company sold its 30% stake in the Bynoe Lithium Project to Core Lithium for AUD 500,000, pending Charger Metals’ pre-emptive rights.
• The company raised AUD 952,625 through their share purchase plan, announced in July 2024.
• Livium’s LFP development technology was granted a patent in Chile in Q1 FY2025, thereby validating the viability of the company’s unique manufacturing process.