Lithium Australia non-executive director demonstrates confidence in company with on-market purchase

Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) non-executive director Phil Thick has demonstrated his confidence in the company’s strategy with the purchase of shares in an on-market transaction.  

On May 19 Thick acquired 800,000 shares in an indirect interest worth a total of A$96,187, marking his first purchase.  

Fieldwork begins at Greenbushes South JV 

The company welcomed the start of fieldwork by Galan Lithium Ltd (ASX:GLN) at the Greenbushes South Lithium Project joint venture, 200 kilometres south of Perth in Western Australia earlier this week.  

The project is an unincorporated joint venture 20% owned by LIT with the remaining 80% held by Galan, which is the operator. 

Galan’s team has been granted initial private access to parts of the relevant geological areas of interest to proceed with fieldwork that includes soil and rock chip sampling as well as mapping. 

Desktop geological work is also planned soon on the recently granted E70/4777 tenement around 25 kilometres north of the Greenbushes mine. 

Another JV tenement, E70/5680, was also recently granted.

Story by ProactiveInvestors