Lithium Energy readies for exploration work at Solaroz Lithium Project
An intensive exploration program consisting of geophysical surveys and drilling is set to begin at Solaroz’s exploration target in South America’s Lithium Triangle.
Lithium Energy Limited is planning to start exploration work at its Solaroz Lithium Project in the northwest of Argentina within the Salar de Olaroz basin once final approvals have been received.
With all technical information relating to Solaroz having been sent to the Unidad de Gestión Ambiental Provincial Minera (Environmental Management Unit), with no substantive community or landowner objects raised at consultation meetings, Lithium Energy (ASX:LEL) expects approvals to be issued shortly.
The project is directly adjacent to or surrounded by two world class lithium brine projects, being the current production assets of Orocobre Limited (ASX/TSX:ORE) and the advanced lithium brine development project held by Lithium Americas Corporation (TSX/NYSE:LAC).
Once approvals are received, Lithium Energy will begin an intensive exploration program consisting of geophysical surveys and drilling to test its Solaroz exploration target of 1.5 to 8.7 million tonnes of contained Lithium Carbonate Equivalent.
Stockhead notes that the size of Lithium Energy’s exploration target is comparable in size to Orocobre’s published JORC resource over the Salar de Olaroz.
Solaroz’s exploration target quantity and grade is conceptual in nature which has received insufficient exploration to estimate a mineral resource.
Lithium Energy notes that the long-term fundamentals for lithium demand remain strong, driven primarily by continued growth in the electric vehicle and energy storage industries.
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.