Mineral Resources Ltd: Advancing Lithium Technology with Livium Collaboration

Key Highlights

• Collaboration between Mineral Resources Ltd (MinRes) (ASX: MIN) and Livium Ltd progresses with the next phase of the LieNA® technology commercialization.
• Additional Stage 1A activities funded via MinRes’ (ASX: MIN) convertible note and R&D tax rebates.
• Potential for a 50-50 joint venture if Stage 1A activities succeed.

Driving Innovation in Lithium Extraction

Mineral Resources Limited (ASX: MIN) is making strides in the lithium sector through its partnership with Livium Ltd (ASX: LIT). The collaboration focuses on the development and commercialization of the patented LieNA® technology, a revolutionary lithium extraction process. This technology aims to optimize lithium recovery from spodumene ore, offering an alternative to conventional methods.

The LieNA® initiative has reached a pivotal point as both companies embark on additional Stage 1A activities. These include exploring alternative commercialization pathways and defining the preferred lithium product for future development. This phase builds on the successful completion of Stage 1 activities, which saw the establishment of a pilot plant, refinement of high-quality lithium phosphate, and a comprehensive demonstration plant engineering study.

Strategic Funding and Extended Timelines

The additional activities under Stage 1A will be fully funded via the remaining balance of MinRes’ (ASX: MIN) convertible note and R&D tax incentive rebates. To accommodate these new activities, the maturity date of the convertible note deed has been extended to September 30, 2025, from its original deadline of January 31, 2025. This ensures seamless progression without diluting shareholder equity.

Livium CEO Simon Linge expressed optimism, stating, “The satisfactory completion of Stage 1 activities underscores the viability of LieNA®. Despite current market challenges, our collaboration with MinRes (ASX: MIN) gives us confidence to move forward with commercialization optimization.”

Joint Venture Prospects

Upon successful completion of Stage 1A, MinRes’ (ASX: MIN) convertible note will convert into equity, creating a 50-50 joint venture, LieNA Pty Ltd. This JV will hold exclusive ownership of the LieNA® technology. If the additional activities are unsuccessful, MinRes (ASX: MIN) retains the option to recover its investment through a valuation mechanism.

The JV plans to license the LieNA® technology to third parties under a royalty model, potentially expanding Livium’s market reach. The initial focus will be on establishing a semi-commercial facility to demonstrate the technology’s scalability. MinRes (ASX: MIN) may independently fund and operate this plant, with royalties reflecting its early-stage involvement.

Revolutionizing Lithium Supply Chains

LieNA® technology represents a significant breakthrough in the lithium sector, offering a sustainable and efficient method for extracting lithium from low-grade ores. As global demand for battery-grade lithium increases, this technology could play a critical role in diversifying supply chains and reducing environmental impacts.

For MinRes (ASX: MIN), this collaboration aligns with its broader strategy of enhancing its position in the lithium value chain. With a robust pipeline of projects and partnerships, the company continues to solidify its reputation as a leader in resource innovation.

Market Context and Strategic Importance

While the broader sector has faced challenges—with the Basic Materials sector’s one-year performance down by 32.32%—MinRes’ (ASX: MIN) strategic initiatives like LieNA® underscore its resilience and forward-looking approach. The company’s ability to innovate and collaborate positions it well to capitalize on long-term trends in renewable energy and electrification.

Future Outlook

With Stage 1A activities underway, MinRes (ASX: MIN) and Livium are poised to unlock the full potential of the LieNA® technology. The outcomes of these activities will shape the next steps, including scaling operations and engaging with third-party licensees.

Investors and stakeholders will be closely monitoring the progress of this collaboration, which has the potential to redefine lithium extraction and processing. By combining innovation with strategic foresight, MinRes (ASX: MIN) aims to remain at the forefront of the evolving resources landscape.

Mineral Resources Ltd’s (ASX: MIN) partnership with Livium represents a bold step towards revolutionizing the lithium industry. Through the LieNA® technology, the company is setting new benchmarks in sustainability and efficiency. As the project advances, MinRes (ASX: MIN) is well-positioned to deliver long-term value for its shareholders and contribute to the global transition to clean energy.