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Mining

Lithium Australia set to pounce on acquisition

The halt will remain in place until Thursday 31st August 2017.

Lithium Australia NL (ASX:LIT) is poised to add to its portfolio, with the ASX granting the company a trading halt pending details of an acquisition.

The company is applying disruptive processing technologies to the production of lithium chemicals on a commercial scale.

The halt will remain in place until the opening of trade on Thursday 31st August 2017, or earlier if an announcement is made to the market.