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Lithium Energy Gets Resource Drilling Underway at Corella Graphite Prospect

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) has commenced drilling on the Corella graphite prospect part of the company’s 100 per cent-owned Burke graphite project in Queensland.

Lithium Energy is conducting a combined program approx. 20 reverse circulation (RC) holes and approx. two diamond core holes to test the extent of graphite mineralisation identified through previous surface sampling and Electro Magnetic (EM) surveys.

The company is drilling with the objective being to delineate a maiden JORC Inferred Mineral Resource for the Corella prospect, which it considers important in the overall development strategy of the Burke graphite project.

An infill drilling campaign recently completed at the Burke Tenement is anticipated to finalise an upgrade of the Burke deposit from its current Inferred status to an Indicated level to provide a higher confidence level for its graphite inventory.

In parallel to this resource upgrade, Lithium Energy commenced metallurgical test work on graphite recovered from the Burke deposit, the results from which will be used to support an Engineering Study for a proposed anode manufacturing facility based in Queensland to produce high value Purified Spherical Graphite (PSG) material for use in lithium-ion batteries.

“We are very excited to be at Corella now that weather conditions have permitted our drilling program to commence,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“Corella holds great promise for us to significantly expand the size of our overall graphite inventory which could then potentially feed into our overall Burke graphite project.

“Our project and the aim of the company is to capitalise on the exceptionally high grades of graphite already discovered by the company to feed into a proposed vertically integrated anode manufacturing facility based in Queensland.

“We look forward to the drilling results of this maiden program being received which could add to the world class nature of our existing graphite assets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Lithium Energy Scores Top-notch Drilling Results at Burke Graphite

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported assay results from Reverse Circulation (RC) drilling undertaken on the company’s 100 per cent-owned Burke graphite project in Queensland.

Lithium Energy claimed the drilling had confirmed the Burke graphite project as one of the highest-grade graphite deposits globally.

The company’s enthusiasm stems from first assay results received from seven RC holes that include multiple outstanding (composite) intercepts of graphite in excess of 20 per cent total graphitic carbon (TGC).

High-grade intercepts of graphite include:

BGRC021
48 metres at 21.9 per cent TGC from 45m;

BGRC017
43m at 21.6 per cent TGC from 69m; and

BGRC016
30m at 23.3 per cent TGC from 84m.

“These grades are exceptionally high when compared with most other known graphite deposits globally,” Lithium Energy said in its ASX announcement.

Lithium Energy pointed out that that previous CSIRO testwork has confirmed Burke graphite to be suitable for use in lithium-ion batteries.

Lithium Energy is planning to commence Engineering Studies shortly to assess the viability of establishing a Purified Spherical Graphite (PSG) anode manufacturing facility in Australia using the Burke graphite as feedstock material.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Encounters Further Conductive Brines at Solaroz

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THE DRILL SERGENT: Lithium Energy (ASX: LEL) announced an encounter with new intersections of conductive brines at the company’s Solaroz lithium brine project in Argentina.

Lithium Energy said reported intersections of highly conductive brines have been encountered at depth in both current diamond drill holes SOZDD002 and SOZDD003 in the northern central section of the Salar de Olaroz basin (Olaroz Salar).

Drillhole SOZDD002 highlights to date include:

▪ Conductive brines being intersected over an interval of approx. 107 metres in the upper aquifer, from a depth of 186 to 293m;

▪ Drilling has now advanced into fractured shales from a depth of 293m (to a current depth of 438m), with highly conductive brines continuing to be encountered at depth as drilling progresses.

Drillhole SOZDD003 highlights to date include:

▪ Conductive brines being intersected over an interval of approx. 107m in the upper aquifer, from a depth of 176 to 283m.

▪ Following drilling through a massive halite (salt unit) layer, the targeted Deep Sands Unit (lower aquifer) has been reached with highly conductive brines having now also been intersected over an interval (to date) of approx. 57m from a depth of 500m to the current hole depth of 557m with highly conductive brines continuing to be encountered at depth as drilling progresses.

“Lithium Energy is very encouraged to have encountered more conductive brines in the second and third holes drilled by the company, following the significant lithium discovery already made at its first drillhole at Solaroz,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The thicknesses of the intersections encountered, together with the distance between these two current holes and the maiden lithium discovery made by the company at its first drillhole at the Mario Angel concession provides increasing confidence that extensive occurrences of conductive brines are present at Solaroz.

“The company currently awaits lithium assay results on these second and third holes and on completion of the current initial 10-hole drilling program, the company will move to the establishment of a maiden JORC Resource of lithium at Solaroz.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Confirms Lithium Brine Discovery at Solaroz Project

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported confirmation of a lithium discovery at the company’s Solaroz lithium brine project in Argentina.

Lithium Energy said it received initial assay results from the first hole of a maiden 10 hole drilling program at the Solaroz project that confirmed levels of lithium brine concentrations in excess of 400mg/l hosted in porous sandstones encountered between approx. 55 to approx. 228 metres depth.

Lithium Energy said it was encouraged by these early assay results, highlighting the lithium concentrations and low Mg/Li ratios, both of which it declared positive in relation to future potential processing options.

The company indicated these lithium grades had been encountered prior to drilling penetrating the primary target zone contained in the previously interpreted ‘Deep Sandstone’ lower aquifer.

“To confirm the discovery of high concentrations of lithium in the brines in the upper aquifer of our first drill hole at Solaroz is a watershed moment for Lithium Energy,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“It further confirms the potential for the Solaroz project to host a significant resource of lithium brines in what is probably the best location globally to have a lithium discovery.

“With assay results showing that lithium concentrations in this first hole increase at depth, the company is now looking forward to assay results from sampling the target lower aquifer, as drilling continues to its target depth of 400 metres.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.lithiumenergy.com.au

 

 

Lithium Energy Provides Answers to Modern Conundrum

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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

 

Lithium Energy Receives Second Argentine EIA Approval

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THE BOURSE WHISPERER: Lithium Energy (ASX: LEL) has gained a second Environmental Impact Assessment (EIA) approval from the local Jujuy Provincial Government Mining Authority to undertake exploration works at the company’s Solaroz lithium brine project in Argentina.

The second approval will allow Lithium Energy to commence exploration works on the Mario Angel tenement, which is located at the western side of the Salar de Olaroz basin.

Mario Angel is approx. six kilometres west from the Allkem’s lithium brine production bore fields used for extraction of lithium brine from the Olaroz Salar for subsequent processing at Allkem’s Olaroz Lithium Processing Facility.

Mario Angel is the second of eight mineral tenements located in the Olaroz Salar held by Lithium Energy.

The company anticipates this second EIA approval will result in approvals for the remaining six tenements to be received shortly.

“The receipt of the second of the Government approvals to start exploration at Solaroz is another important milestone for Lithium Energy and a further positive endorsement by the Argentinian Government Authorities of the Solaroz lithium project,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@lithiumenergy.com.au

Web: www.lithiumenergy.com.au