Infinity’s investigation permit for the San José lithium project has been ruled to have been correctly granted. Pic: via Getty Images
Court rules Infinity’s San José permit was correctly granted
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Infinity has secured a crucial victory after the Contentious Administrative Court of Cáceres ratified the correct granting of the permit for its San José lithium project.
The Court upheld the position of both its wholly-owned subsidiary Extremadura New Energies and the Industrial, Energy and Mining Management Service of the Regional Government of Extremadura that the Investigation Permit Ampliación Valdeflórez (PIAV) was correctly granted.
It confirmed that the General Urban Development Plan of Cáceres facilitates the use of certain areas within the PIAV where the urban land classification allows “extraction activity” and the industrial development of the proposed lithium hydroxide conversion facility.
Importantly for Infinity Lithium (ASX:INF), the decision has reinforced compliance under General Urban Development Plan of Cáceres for its disturbance of the surface areas required for the decline portal within the PIAV area, adjacent to the resource area, and undertake subsurface activities to access the lithium bearing deposit.
The project hosts the second largest lithium bearing hard-rock resource of 111.2 million tonnes, containing more than 1.6Mt of lithium carbonate equivalent in the EU and seeks to produce 19,500 tonnes per annum of lithium chemicals on site.
San José development
The company has already initiated the submission of the key Exploitation Concession through the lodgement of the ‘Initial Document’.
Meanwhile, the Regional Government of Extremadura had started the consultation process with the different relevant parties including the City Council of Cáceres on 20 December 2022.
These relevant parties have a 30 working days period to issue their comments.
Infinity is currently awaiting the final presentation of the Initial Document following this process to provide the framework for the submission of the San José project Exploitation Concession Application in alignment with Extremadura Lithium Decree Law.
This article was developed in collaboration with Infinity Lithium, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
