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Lithium Universe Limited (ASX:LU7)

ALERT: Price-sensitive ASX Announcement for LU7
Current share price for LU7 : $0.006 -0.002 (-25%)+
Announcement
Release
10 Jun 2026 8:48AM
Price at Release
$0.008
Full Release
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Summary
Lithium Universe Limited (ASX: LU7) has achieved significant technical milestones through its Gold Copper Diamide Extraction (GCDE) technology, developed in partnership with the University of Edinburgh. This innovative hydrometallurgical process allows for the selective recovery of 99.5% gold and 98.5% copper from electronic waste, using reusable organic reagents, without relying on harmful substances like cyanide or high-temperature smelting. The process operates under low-temperature conditions, aligning with global sustainability goals and the principles of a circular economy. As a result, Lithium Universe is advancing the technology towards commercialisation, including pilot plant design and scale-up assessments, with the intent to integrate these processes into sustainable e-waste recycling solutions. This advancement positions the company as a key player in addressing the growing challenge of electronic waste while supporting environmental and economic sustainability initiatives.
Key Points
  • Achieved 99.5% gold recovery and 98.5% copper recovery
  • GCDE technology uses selective, reusable organic reagents
  • Avoids cyanide, aqua regia, and high-temperature smelting
  • Aligns with global sustainability and circular economy principles
  • Focus on commercialisation with pilot plant and scale-up assessments
  • Developed in partnership with the University of Edinburgh
  • Targets sustainable solutions for electronic waste recycling
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.