- Infinity Lithium Corp (ASX:INF) is underway compiling environmental compliance for its San Jose lithium project
- The project has been awarded strategic importance status by the Spanish Government
- San Jose is Europe’s second-largest JORC resource for lithium
- A scoping study recently boosted production feasibility on-site
- Shares last traded at 8.8 cents
Infinity Lithium Corporation (ASX:INF) is marching ahead with its San Jose lithium project, seen as “strategic” by the Spanish Government and boasting Europe’s second-largest lithium JORC resource.
Underway is on-site fieldwork to collect data needed for key environmental compliance documentation.
The project has already seen a scoping study boost its production values while at the same time being classified as safe for construction in nearby urban areas.
Delays at the Spanish regulator
The Environmental Impact Assessment (EIA) represents the keystone green tick process the company needs to master to move ahead.
Infinity reported this morning it’s already in a position where it’s waiting for “other internal administrative processes to be finalised by the Regional Government” of Extremadura.
Infinity went so far as to name this for what it is – an “unforeseen delay” – in regards to another type of permit it needs under the overhead EIA.
“The company acknowledges the unforeseen delay in the administrative process [which] has been actively advanced towards resolution by the Regional Government of Extremadura,” Infinity wrote.
“The administrative delay is not a result of any action or inaction on behalf of the company.”
Company confident in going ahead
As for delays, these things do happen in the exploration sector, and it’s a risk of doing business.
But if Infinity is concerned the whole thing could fall over, it wasn’t showing it today.
The project, after all, has formerly been flagged as a “strategic” asset by the Spanish government – a fairly good indicator of support.
In the meantime, geotechs continue to plug away with geophysical surveys and surface sampling campaigns.
To this end, the company is looking for the best place to locate waste rock; as well as water bore drilling to get groundwater specifics for the EIA process.
Infinity struck a deal with local landowners in the location and restoration of water bores.
INF shares last traded at 8.8 cents.