Sept 8 (Reuters) - Novo Litio Ltd NLI.AX
* Commenced injunction proceedings against the vendors of the Sepeda project, lusorecursos lda. And Lusorecursos Arg. Lda.
* Company continues to have access to Sepeda Project Area and is continuing with exploration activities on sepeda project
* Maintains it has binding agreement to acquire from lusorecursos 100% of granted licence, & exploration licences on grant of applications
* Seeks interlocutory injunction to protect co's interests in granted licence and licence applications comprising the sepeda project.
* The company anticipates that the injunction proceedings will be determined in November 2017
* Sought an urgent injunction to require lusorecursos to fulfil conditions necessary for grant of licence applications and transfer of licences to Novo Lítio