Lithium Energy Provides Answers to Modern Conundrum
COMMODITY CAPERS: Lithium Energy (ASX: LEL) is a dual-focused company with one eye looking overseas to develop its Solaroz lithium brine project in Argentina and the other fixed on its Burke graphite project in Queensland.
On its web page, Lithium Energy provides answers to two questions: Why lithium? and Why graphite?
The long-term prospects for lithium are very strong, Lithium Energy says, with demand being driven primarily by the expected growth for lithium batteries to be used in electric vehicles and other personal technological gadgetry.
It justifies developing its Solaroz project in Argentina by acknowledging lithium brine projects in that part of the world are, “recognised as being particularly attractive since they are amongst the lowest on the lithium carbonate cost curve, compared to hard rock lithium projects”.
Lithium Energy recently received Environmental Impact Assessment (EIA) approval from the local Jujuy Provincial Government Mining Authority to commence exploration works at Solaroz.
“This is a positive endorsement by the Argentinian Government Authorities of the Solaroz lithium project and I look forward to mobilising to site and commencing work shortly on this highly prospective project,” Lithium Energy executive chairman William Johnson said.
“There is no better address to be exploring for lithium than the prolific Lithium Triangle where a number of world class lithium brine projects have been discovered.”
Solaroz is in the highly prospective Lithium Triangle of Argentina, directly adjacent to or principally surrounded by lithium majors Allkem Limited (formerly Orocobre) and Lithium Americas Corporation.
As far as graphite goes, it is currently enjoying its status as the dominant anode material used in lithium-ion batteries with more than ten times graphite by weight used in a lithium-ion battery than lithium.
The Burke graphite project contains one of the highest-grade graphite deposits globally and presents Lithium Energy with an opportunity to participate in the anticipated growth in demand for graphite and graphite related products.
The Burke graphite deposit has a JORC Inferred Mineral Resource of 6.3 million tonnes at 16 per cent total graphitic carbon (TGC) for 1 million tonnes of contained graphite, including a high-grade component of 2.3 million tonnes at 20.6 per cent TGC.
Email: info@lithiumenergy.com.au
Web: www.lithiumenergy.com.au
Directors: William Johnson, Farooq Khan, Peter Smith, Victor Poh Hong Ho