Livium completes sale of Bynoe Lithium Project interest
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
18 November 2024
Livium completes sale of Bynoe Lithium Project
interest
HIGHLIGHTS
▪
Livium has finalised the sale of its 30% interest in the Bynoe Lithium Project to Charger
Metals NL for cash consideration of A$500k
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The transaction is aligned with Livium’s strategic focus on existing operations and provides
balance sheet flexibility for key growth initiatives
Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to announce the successful completion of the sale
of its remaining 30% interest in the Bynoe Lithium Project to Charger Metals NL (ASX: CHR) (“Charger Metals”)
for cash consideration of A$500k plus GST.
As previously announced on 7 November 2024, Charger Metals exercised its pre-emptive rights to acquire
Livium’s remaining interest in the Bynoe Lithium Project. The transaction was subject to a number of conditions,
which have all been satisfied.
Authorised for release by the Managing Director / CEO of Livium.
Simon Linge
Stuart Tarrant
Managing Director / CEO
Mobile +61 (0) 438 721 280
Chief Financial Officer
Mobile +61 (0) 467 817 005
simon.linge@lithium-au.com
stuart.tarrant@lithium-au.com
Forward-looking statements
This announcement contains forward-looking statements. Forward-looking statements are subject to a variety of
risks and uncertainties that it is beyond the Company’s ability to control or predict and which could cause actual
events or results to differ materially from those anticipated in such forward-looking statements. Investors should
be aware that past performance should not be relied upon as being indicative of future performance.
About Livium
Livium (previously Lithium Australia) is aiming to lead and enable the global transition to sustainable lithium
production. The Company operates Australia’s market leading battery recycler, produces critical battery material
lithium ferro phosphate (LFP), and has developed a patented lithium extraction technology. Livium’s revenuegenerating recycling business and technologies are well-placed to capitalise on growing global lithium-ion battery
demand and provides diversification benefits to global supply chains.
Divisions of Livium
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Livium Ltd
Unit 1, 79-83 High Street
ASX: LIT ACN: 126 129 413
Kew, Victoria 3101
Investorhub.lithium-au.com
T: +61 (0) 3 7017 2656
lithium-au.com
E: info@lithium-au.com
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