NOVONIX and Lithium Energy will merge their natural graphite interests

Novonix Limited (ASX: NVX) has announced that it has signed a definitive agreement to divest MD South Tenements Pty Ltd, which holds the Mount Dromedary natural graphite exploration interests, to Axon Graphite Limited, a subsidiary of Lithium Energy Limited. As part of the agreement, LEL will contribute its interest in its Burke and Corella graphite projects to Axon, and in return, Novonix will receive shares in Axon.

Novonix's Mt. Dromedary project is a high-grade natural flake graphite deposit. It is adjacent to LEL's Burke interests, located 125km north of Cloncurry in northwest Queensland, a well-established mining region with access to an export hub. LEL's Corella interests are located 40km west of Cloncurry.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com