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Lithium Energy Scores High Marks for Burke Graphite Battery Anode Material Testwork

THE DRILL SERGEANT: Lithium Energy (ASX: LEL) announced “excellent” spheronisation and purification testwork results with graphite concentrate produced from the company’s Burke graphite project in north-west Queensland.

Lithium Energy said the results, although hard to pronounce, would provide key design criteria metrics to enable the company to progress the Battery Anode Material (BAM) Facility component of its current Pre-Feasibility Study (PFS).

The completed BAM testwork has defined the process flowsheet requirements to produce high purity 99.97 per cent Total Graphitic Carbon (TGC) spheronised graphite material, which will be suitable as feedstock for the battery anode making process.

“The exceptional results of the BAM testwork conducted on the 95 per cent TGC Burke graphite concentrate have surpassed expectations,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The development of a flowsheet that supports a two-product strategy, along with the exceptional purity of the final spherical purified graphite of 99.99 per cent TGC, underpins the quality of the Burke graphite and supports the vertically integrated BAM strategy Lithium Energy is implementing.

“We anticipate that the restrictions placed on graphite exports by China will further tighten the market and accelerate the demand for natural graphite, which is a key battery anode material required in all lithium-ion batteries.

“Given the high-quality BAM results from the Burke graphite deposit, the overall metallurgical characteristics and favourable location in North-West Queensland, the Burke graphite project is very well positioned to take advantage of this expected massive growth in demand for battery anode material.

“We are excited to be taking this next step in the advancement of Burke and to be playing an important role in supporting the decarbonisation of the world.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Lithium Energy Hits Lithium in Northern Solaroz Concession

THE DRILL SERGEANT: Lithium Energy (ASX: LEL) has been busy drilling at the company’s Solaroz lithium brine project in Argentina.

The project is located next to Allkem’s Lithium Facility in the Salar de Olaroz basin, smack bang in the middle of South America’s world renowned ‘Lithium Triangle’.

Lithium Energy latest efforts involve drillhole 7 (SOZDD007), a step-out drillhole from the current initial maiden JORC Inferred Mineral Resource Estimate (MRE) of 3.3 million tonnes of Lithium Carbonate Equivalent (LCE) at Solaroz.

This hole was drilled to test conductive brines LEL had identified via geophysics in what it described as a “relatively large, previously undrilled Northern Block area”.

Assay results have confirmed an initial 24m intersection of lithium-rich brines with 386mg/l lithium (from a depth of 209 to 233 metres) in sandstone in the upper aquifer.

Further brine samples (at 233 to 257 metres and 281 to 305 metres) show increasing densities, with assays for these samples pending.

Lithium Energy stressed the importance of the confirmation of lithium mineralisation at the Payo 1 concession saying it confirms lithium mineralisation in the Northern concession block which has not been drilled to date and was not included in the current MRE at Solaroz.

‘We are extremely pleased to have encountered lithium mineralisation at drillhole 7 In the Payo 1 concession at Solaroz, as this highlights the potential for further expansion of lithium mineralisation at the Solaroz Lithium Project – which already holds a significant and strategic lithium resource,’ Lithium Energy executive chairman William Johnson said in the comapn’s ASX announcement.

“The Payo 1 concession is located north of the main Solaroz concession area and has previously not been drilled.

“Payo 1 was therefore not included in our maiden Mineral Resource Estimate.

“The large size of Payo 1 (1,973 hectares) indicates that the potential now exists for a significant amount of new lithium mineralisation to be delineated here.

“Furthermore, drilling at Payo 1 has now encountered a massive halite layer, which is highly significant.

“Previous drilling by the company at Solaroz indicates that the halite layer typically acts as a ‘cap’ above the company’s primary target Deep Sand Unit, where the highest grades and volumes of lithium are found.

“Encountering this massive halite layer at Payo 1 is a positive indicator for encountering a Deep Sand Unit and further lithium mineralisation at depth in this new very large area.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Doubles Graphite Inventory with Corella Resource

THE DRILL SERGEANT: Lithium Energy (ASX: LEL) announced a JORC Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Corella graphite project in Queensland.

Lithium Energy recently completed resource definition drilling at the Corella Tenement that has delivered a JORC Inferred MRE of 13.5 million tonnes at 9.5 per cent total graphitic carbon (TGC) (at a cut-off grade of 5%) for 1.3 million tonnes of contained graphite.

Sitting within the Corella mineralisation envelope is a higher-grade JORC Inferred Mineral Resource of 4.5 million tonnes at 12.7 per cent TGC for 0.57 million tonnes of contained graphite.

The new MRE has effectively doubled Lithium Energy’s Total Graphite Inventory in Queensland to 2.6 million tonnes of contained graphite with the addition of the Corella deposit to the Burke deposit that comprises a JORC Indicated and Inferred Total Mineral Resource of 9.1 million tonnes at 14.4 per cent TGC for 1.3 million tonnes contained graphite.

“The major increase in our graphite inventory contributed from the Corella Project adds significant value to the overall Burke graphite project,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“In particular, the additional resource provides the company with the potential for expanded development options for our proposed vertically integrated battery anode material manufacturing facility based in Queensland.

“These potential options will be considered as part of the engineering studies currently being undertaken at Burke.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Claims High-Grade Graphite Discovery at Corella Project

THE DRILL SERGEANT: Lithium Energy (ASX: LEL) has claimed a new graphite discovery at the company’s 100 per cent-owned Corella graphite project in Queensland.

Lithium Energy made the discovery via a recently completed maiden drilling program, from which assay results have shown multiple outstanding (composite) intercepts of graphite in excess of 15 per cent Total Graphitic Carbon (TGC), with individual intercepts up to 27.4 per cent TGC.

The high-grade intercepts of graphite encountered at Corella include:

CGRC003
142 metres at 9.5 per cent TGC from surface, including 6m at 16.1 per cent TGC from 35m and 10m at13.4 per cent TGC from 44m;

CGRC008
133m at 10.1 per cent TGC from surface, including 9m at 20.5 per cent TGC from 110m;

CGRC012
83m at 14.8 per cent TGC from 8m, including 23m at 27.4 per cent TGC from 13m;

CGRC002
64m at 13.1 per cent TGC from 45m, including 23m at 19.4 per cent TGC from 57m; and

CGRC013
54m at 13.7 per cent TGC from surface, including 6m at 21.8 per cent TGC from 32m.

Lithium Energy is now moving to delineate a maiden JORC Mineral Resource Estimate of graphite at Corella while examining the potential to build its overall graphite inventory.

Corella is located to the south of the company’s Burke deposit, which comprises a high-grade graphite JORC Indicated and Inferred Total Mineral Resource of 9.1 million tonnes at 14.4 per cent TGC for a total of 1.3 million tonnes contained graphite.

“As we advance with the Pre-Feasibility Study for our Australian-based vertically integrated battery anode material manufacturing business, confirming a new graphite discovery at Corella is a highly positive development,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The potential to add additional graphite from Corella to the already high-grade Resource at the Burke Tenement and thus expand overall Burke project graphite inventory, offers the potential for significantly expanded development options for this exciting project.

“We are looking forward to the maiden JORC Mineral Resource Estimate for Corella based upon these positive drilling results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE