Livium Ltd provides an update on progress with microwave-assisted rare earth element (REE) extraction technology in partnership with the University of Melbourne.

Our recent test results have shown leach efficiencies exceeding 90% for Neodymium (Nd) and Praseodymium (Pr), with strong repeatability on larger sample masses, showcasing the potential for selective leaching using this innovative technology.

We are currently optimizing microwave parameters and iron (Fe) removal, with further testwork scheduled for completion by the end of February 2026. These results will inform Stage 2 prototype development, supported by an Australia Economic Accelerator grant.

We hold exclusive global rights to the University of Melbourne's technology for 20 years, positioning us well for the future.