Lithium Australia Managing Director and CEO Simon Linge says the signing of an MoU is an 'exciting' progression for the company to commercialise on its LFP and LMFP technologies. "The MoU between Lithium Australia and Centrex highlights our commitment to building a battery supply chain domestically in Australia, which can provide global battery manufacturers an alternative supply source for LFP and LMFP," Linge says. Centrex Managing Director and CEO Robert Mencel says the Ardmore Phosphate Mine possesses significant potential to capitalise on several lucrative market verticals due to its high-grade phosphorus and low-impurity content. "With respect to producing high-quality and low-impurity phosphoric acid suitable for the LFP market vertical, we believe Ardmore has a substantial competitive advantage to its peers both domestically and globally," Mencel says.