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Livium Ltd - ABID Report - 20241031.pdf

An updated equity research report has been prepared for Livium Ltd by Arrowhead BID. This follows the initiation report released earlier in the year. Highlights of the report are as follows:

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 Net Present Value methodology.

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 ferro phosphate (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 valuation 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 Metal's 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.

Updated Equity Research Report released for Livium Ltd (Nov 2024)