Livium and MinRes Agree Distribution of Funds from LieNA
Summary
Livium and MinRes have agreed on the distribution of funds from 50:50 JV Company, LieNA Pty Ltd. Livium's distribution totals A$173k, matching MinRes' distribution.
Following this distribution, LieNA Pty Ltd is funded until at least June 2027. Following receipt of receipt of the FY25 R&D rebate, a further distribution is likely.
Investors should note that LieNA Pty Ltd's cash is no longer part of Livium's consolidated reporting post-deconsolidation. The company now accounts for its 50% holding under the equity method.
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