July 28 (Reuters) - Novo Litio Ltd NLI.AX :
* Commenced legal proceedings in courts of Portugal against vendors of Sepeda project, Lusorecursos Lda. and its sister co Lusorecursos Arg. Lda.
* Seeks order that Lusorecursos apply for ministerial consent to grant of tenement applications and sale of tenements comprising Sepeda project
* Pending outcome of proceedings, co continues to have access to Sepeda project area & is continuing with exploration activities on Sepeda project
* To date, discussions with Lusorecursos for completion of sale of Sepeda project tenements have not reached a satisfactory outcome