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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
17 Jun 2026 8:44AM
Price at Release
$0.008
Full Release
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Summary
Lithium Universe Limited announced the completion of the Gold Copper Diamide Extraction (GCDE) process flowsheet, a hydrometallurgical technology developed in collaboration with the University of Edinburgh. This innovative process is designed to recover gold and copper from electronic waste using selective, reusable organic reagents. The technology avoids high-temperature, energy-intensive methods traditionally used in metal recovery, potentially offering environmental and cost benefits. The company highlights the GCDE process's capability to support sustainable e-waste recycling and the growing circular economy sector, emphasizing its commercial potential given the rapid increase in global electronic waste. The announcement also includes the design of a conceptual demonstration plant, showcasing the process's scalability and application potential.
Key Points
  • Completion of the GCDE process flowsheet.
  • Collaboration with the University of Edinburgh.
  • Hydrometallurgical technology for gold and copper recovery.
  • Selective and reusable organic reagents.
  • Avoids high-temperature, energy-intensive processing.
  • Supports sustainable e-waste recycling.
  • Strong commercial potential within the circular economy.
  • Design of a conceptual demonstration plant.
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.