Lithium Energy (ASX:LEL) has produced ‘battery grade’ (99.5%) lithium carbonate from its flagship Solaroz Lithium Brine Project in Argentina.
The $54.08 million market capitalisation company says the lithium carbonate was produced through the laboratory (Norlab) work in October 2023. It was conducted on a 300-litre sample of Solaroz brine taken from drillhole 3 (SOZDD003) in the Chico I concession.
Lithium Energy reports this is a ‘highly important’ step in the advancement of Solaroz, with work to date providing the key design criteria inputs for advancing the project. .
The brine from Solaroz was used with a test feed grade of 397mg per litre of lithium and demonstrated a ‘significant’ recovery rate of 71%.
Lithium Energy has also completed the first batch of on-site evaporation tests in conjunction with the work undertaken by Norlab.
The company holds a suite of lithium and graphite assets.
Its Solaroz Project sits next to Arcadium Lithium’s (ASX:LTM) Olaroz Lithium Facility in the Salar de Olaroz basin in Argentina, within the heart of South America’s world-renowned ‘Lithium Triangle’.
As of 30 September 2023, Lithium Energy had $4.770 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Lithium Energy
