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Lithium Universe Limited (ASX:LU7)

ALERT: Price-sensitive ASX Announcement for LU7
Current share price for LU7 : $0.005 0 (0%)+
Announcement
Release
11 Aug 2026 8:49AM
Price at Release
$0.005
Full Release
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Summary
Lithium Universe Limited announced the successful results of their Gold Copper Diamide Extraction (GCDE) technology, which achieved a gold recovery rate exceeding 99% and a metallic gold purity of 97.04%. The technology developed in collaboration with the University of Edinburgh, offers an environmentally sustainable alternative to conventional solvent extraction methods by eliminating the need for organic solvents and enabling the recyclability of reagents. This innovative approach not only simplifies the extraction process but also positions Lithium Universe to tap into the lucrative global precious metals e-waste recovery market, valued at approximately US$11.8 billion by 2025. Further laboratory testing has confirmed the technology's applicability to both primary mining and secondary resource recycling, marking a significant step towards its commercial development.
Key Points
  • Gold recovery exceeds 99%, with metallic gold purity of 97.04%.
  • GCDE technology offers a more sustainable alternative to conventional methods.
  • Zero organic solvents required in the process.
  • Reagent recyclability reduces operating costs and enhances sustainability.
  • 98% gold recovery achieved from dissolved e-waste.
  • Positions GCDE within the US$11.8 billion global precious metals e-waste recovery market.
  • Technology developed in collaboration with the University of Edinburgh.
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.