Join our daily newsletter At The Bell to receive exclusive market insights
- Lithium Energy (LEL) takes the next steps to advance exploration work at its flagship Solaroz lithium brine project in Argentina
- The company has been undergoing an exploration program in the area to validate and refine the size of any potential lithium-bearing brines
- Lithium Energy’s first stage of exploration includes a passive seismic survey, which will be followed by a drilling program for 5000 metres to test the extent and grades of lithium mineralisation
- The company has secured a drilling rig from a local contractor which it will mobilise to the site once it has completed its interpretation of passive seismic data
- Lithium Energy shares fall 1.78 per cent to trade at 83 cents at 2:05 pm AEST
Lithium Energy (LEL) has taken the next steps to advance exploration work at its flagship Solaroz lithium brine project in Argentina.
The company has been undergoing an exploration program in the area to validate and refine the size of any potential lithium-bearing brines.
The program is aiming to define a maiden mineral resource of lithium from LEL’s 12,000-hectare concession area within the Salar de Olaroz basin.
The company’s first stage of exploration includes a passive seismic survey, which is currently nearing completion across the project area to determine the base of the underlying basement rock.
Lithium Energy will then undertake a drilling program for 5000 metres, using a combination of diamond and rotary holes. The drilling will test the extent and grades of lithium mineralisation and flow rates across the layers of conductive brines.
The company has secured a drilling rig from a local contractor which it will mobilise to the site once it has completed its interpretation of passive seismic data
Lithium Energy said information gathered from the drilling work would then be interpreted to develop a maiden mineral resource for Solaroz.
Meanwhile, environmental monitoring baseline studies have been undertaken, together with local community consultation.
Lithium Energy shares fell 1.78 per cent to trade at 83 cents at 2:05 pm AEST.
