Lithium Australia’s LFP cathode material confirmed as high-quality

Lithium Australia (ASX: LIT) has confirmed that final independent testing of its lithium ferro phosphate (LFP) cathode material shows the product to be of high quality, matching or exceeding leading competitor products across capacity, stability and high temperature performance.

Testing was completed by NOVONIX Battery Technology Solutions Inc., a wholly-owned subsidiary of NOVONIX Limited (ASX: NVX), with the positive results promising an alternative to the existing LFP supply heavily concentrated in China.

Lithium Australia chief executive and managing director Simon Linge commented on the results.

“We are excited to receive such strong results for our LFP cathode material, validating our technology and proprietary production process,” he said.

“These results highlight how our product’s performance can match or exceed the market leading competitors.

“We believe this important validation will help us to continue accelerating our ongoing commercial negotiations, seeking offtake agreements and potential partnerships.

“Ultimately, we remain steadfast on achieving large-scale commercialisation of our battery materials manufacturing capabilities.”

Results from the testing parameters include:

• Retained the highest capacity at fast charging rates when compared to market leaders;
• Performed in line with competitors during high temperature testing and retained an equivalent expected cycle life.

Preliminary results released in April this year also proved Lithium Australia’s LFP to be the most stable out of all tested samples, which includes two other leading commercial brands, highlighting the product’s safety and suitability for commercial grade energy cell design.