Lithium Australia Ltd (ASX:LIT) has obtained positive independent testing of its LFP cathode material which has confirmed the product to be of a high quality, either matching or exceeding the competitor set across capacity, stability, and high temperature performance. Testing was completed by a leading expert in battery materials research and development services, NOVONIX Battery Technology Solutions Inc., a wholly owned subsidiary of NOVONIX Limited. The final testing results follow the preliminary results released in April 20231 which assessed the Lithium Australia LFP against two leading commercial brands.
The results showed that Lithium Australia’s LFP either matched or exceeded competitor product across all testing parameters:
- Retained the highest capacity at fast charging rates when compared to market leaders.
- Proven to be the most stable out of all tested samples, highlighting the product’s safety and suitability for commercial grade energy cell design.
- Cycle life performed in line with market leading products in both ambient (22°C) and high temperature (40°C) environments, highlighting the product’s resilient characteristics and suitability for hot climate markets such as India.
CEO and Managing Director, Simon Linge, said the positive results from the independent testing highlights Lithium Australia’s LFP product as being an attractive alternative to existing LFP supply which is heavily concentrated in China. This provides customers with a more diverse supply chain, de- risking potential political disruptions and over-reliance on a particular geography.
The company is currently engaged in discussions with multiple parties across North America, Europe, India, South Korea, and Japan regarding potential partnerships for LFP offtake and development, and validation of its product serves as a strong negotiation tool.
Comment from Lithium Australia
We are excited to receive such strong results for our LFP cathode material, validating our technology and proprietary production process. These results highlight how our product’s performance can match or exceed the market leading competitors,” Mr Linge said.
“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.”
