Livium and MinRes Agree Distribution of Funds from LieNA
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
16 September 2025
Livium and MinRes Agree Distribution of Funds
from LieNA Pty Ltd
HIGHLIGHTS
▪
Following the establishment of the 50:50 LieNA® JV with MinRes, LieNA Pty Ltd has declared
a distribution to its shareholders
▪
Livium’s share of the distribution totals A$173k, equal to the amount received by MinRes
▪
Following the distribution LieNA Pty Ltd remains funded through to at least 30 June 2027,
supporting modest ongoing costs
▪
As part of the deconsolidation of LieNA Pty Ltd, Livium no longer reports LieNA’s cash
balances within its consolidated reporting and Appendix 4C disclosures
▪
Livium’s reported cash at 30 June 2025 of A$3.8m included A$0.8m related to LieNA Pty Ltd,
which is no longer consolidated into Livium’s reported cash position
▪
This initial distribution reflects prudent capital management, with further distributions
anticipated upon receipt of the FY25 R&D rebate
Livium Ltd (ASX: LIT) (“Livium” or the “Company”) advises that, following the formation of the LieNA® 50:50 Joint
Venture with Mineral Resources Ltd (ASX: MIN) (“MinRes”)1, the newly formed LieNA Pty Ltd Board has approved
and paid a distribution to shareholders.
Total distributions, by way of an equal capital reduction as approved by members, were A$346k, with Livium
receiving A$173k, equal to the amount received by MinRes. This initial distribution reflects prudent release of
surplus cash reserves following a review of forward activities. Following the distribution, LieNA Pty Ltd remains
appropriately funded through to at least 30 June 2027. It is anticipated that LieNA Pty Ltd will also receive an FY25
R&D rebate, which may enable a further shareholder distribution.
Following the deconsolidation of LieNA Pty Ltd, Livium now accounts for its 50% holding under the equity method 2.
Consequently, cash held by LieNA Pty Ltd is no longer included in Livium’s consolidated reporting including its
quarterly Appendix 4C disclosures. Investors should note that the Appendix 4C for the quarter ended 30 June
2025 included A$769k of cash held by LieNA Pty Ltd.
The next step for the commercialisation pathway remains the LieNA® Demonstration Plant. However, in light of
current market conditions, timelines have been extended to preserve optionality while exploring alternative
partnerships and monetisation opportunities.
Authorised for release by the Managing Director and CEO.
1
2
Simon Linge
Stuart Tarrant
Managing Director / CEO
Mobile +61 (0) 438 721 280
Chief Financial Officer
Mobile +61 (0) 467 817 005
simon.linge@liviumcorp.com
stuart.tarrant@liviumcorp.com
Refer announcement “50:50 Joint Venture established with Mineral Resources for LieNA® Technology”, dated 11 August 2025
Refer announcement “A$6.6m Net Asset uplift through fire provision reduction, DTA recognition and LieNA® JV”, dated 25 August 2025
Divisions of Livium
Page 1 of 2
Livium Ltd
Unit 1, 79-83 High Street
ASX: LIT ACN: 126 129 413
Kew, Victoria 3101
Investorhub.liviumcorp.com
T: +61 (0) 3 7017 2656
liviumcorp.com
E: info@liviumcorp.com
ASX ANNOUNCEMENT
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, Envirostream, a revenue and profit
generating business which is well-placed to capitalise on growing lithium-ion battery demand. Additionally, the
Company aims to commercialise patented lithium extraction technology (LieNA®), through a 50:50 joint venture
with Mineral Resources Ltd (ASX: MIN), and critical battery material lithium ferro phosphate (LFP), through wholly
owned subsidiary VSPC.
Divisions of Livium
Page 2 of 2
Livium Ltd
Unit 1, 79-83 High Street
ASX: LIT ACN: 126 129 413
Kew, Victoria 3101
Investorhub.liviumcorp.com
T: +61 (0) 3 7017 2656
liviumcorp.com
E: info@liviumcorp.com
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