Lithium Australia NL is an Australia-based company, which is principally engaged in the project acquisition, mineral exploration and process development, primarily in lithium. The Company's operating segments include Tenement exploration and evaluation, and Processing technology. The Tenement exploration and evaluation segment includes the exploration of current projects and the evaluation of new ones. This segment also includes segment assets, including acquisition costs of exploration licenses and all expenses related to the tenements. The Processing technology segment includes the development of processing technology for lithium extraction. The Company's portfolio projects include Pilgangaoora project, Western Australia; Yilgarn Craton projects, Western Australia, and Electra project, Mexico. The Electra Project consists of over two exploration concession applications, including the Tule and Tecelote Concessions, which cover approximately 22,630 hectares.