Lithium Energy is close to environmental approval and a big exploration program
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Lithium Energy’s environmental impact assessment (EIA) for its Solaroz project in Argentina is entering the final stages of evaluation.
In late July, two positive public consultation meetings were held between Lithium Energy’s local representatives, various agencies of the unit of environmental management of the Jujuy Province, underlying landowners and First Nations representatives.
And now the EIA can proceed to the next stage – which has a time frame of two weeks to receive any other technical input from relevant stakeholders.
Once the EIA is approved Lithium Energy (ASX:LEL) plans to start an extensive work program of geophysical surveys and drilling – and with next door neighbours like lithium heavyweight Orocobre (ASX/TSX:ORE) and Lithium Americas Corporation – the timing couldn’t be better for Lithium Energy.
The conceptual exploration target for the project is 1.5 to 8.7 million tonnes of contained lithium carbonate equivalent based on a range of lithium concentrations of between 500-700 mg/L lithium.
To put this in size context, it’s comparable to ORE’s published resource of 6.4Mt of LCE.
The company’s aim going forward is to locate economically interesting lithium-bearing brines and gain a better understanding of the hydrogeological and geochemical characteristics of the brine rich aquifer underneath the Solaroz concessions.
The project comprises eight mineral tenements totalling around 12,000 hectares within South America’s lithium triangle – and the company is quietly confident of its prospectivity.
This article was developed in collaboration with Lithium Energy, 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.