- Arizona Lithium (AZL) officially kicks off work on a definitive feasibility study (DFS) for its Big Sandy project in Arizona
- The company says it fast-tracked the commencement of the DFS following “encouraging” results from a scoping study for the project completed in October
- AZL’s research centre in Tempe will serve as its base of operations for its tech development and its collaboration with equipment and battery manufacturers
- The company expects to deliver the DFS before the end of 2023
- Shares in Arizona Lithium are up 1.95 per cent to 7.9 cents at midday AEDT
Junior battery metals stock Arizona Lithium (AZL) has officially kicked off work on a definitive feasibility study (DFS) for its Big Sandy project in Arizona.
The company said it fast-tracked the commencement of the DFS following “encouraging” results from a scoping study for the project completed in October.
AZL expects to complete the DFS in roughly one year, with design and development work to focus on the minimisation of the company’s carbon footprint when transporting raw materials, alternative lixiviants to strong inorganic acids, the application of direct lithium extraction (DLE) at Big Sandy, and more.
Arizona Lithium Managing Director Paul Lloyd said the company expected to deliver an “exciting” DFS report before the end of 2023.
“We are delighted to be fast-tracking the definitive feasibility study in order to accelerate the development of the Big Sandy project,” Mr Lloyd said.
“I am currently in the US with our US-based senior leadership team in order to finalise the signing of key contractors for the DFS and strategising as to how to best utilise the DFS in the most environmentally friendly and sustainable manner.”
AZL’s Lithium Research Center in Tempe, Arizona, will serve as its base of operations for its tech development and its collaboration with equipment and battery manufacturers.
The company said its October scoping study identified “unique opportunities” for the project using new extraction technology, which AZL will fast-track for development and include in the DFS.
The DFS will also explore water consumption and conservation as well as the direct conversion of a mid-stream lithium compound to battery-grade lithium carbonate and lithium hydroxide.
Shares in Arizona Lithium were up 1.95 per cent to 7.9 cents at midday AEDT.