Lithium evaporation
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Pursuit Minerals (ASX:PUR) has moved successfully through the commissioning of a 250-tonne per annum lithium carbonate pilot plant at its Rio Grande Sur project in Argentina, which has now begun processing lithium brine.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Commissioning had involved testing and calibration of all components of the Pursuit plant, ending with an assessment of its circuit through hydrostatic testing, with production commencing after that.

The brines being processed through the Salta plant are synthetic, but chemically identical to naturally evaporated brines from the Rio Grande Salar.

Pursuit managing director and CEO Aaron Revelle said this was a key achievement for the Rio Grande Sur project, which is based out of Argentina’s northwest.

“Successfully commissioning and initiating lithium carbonate production represents a major step forward in de-risking our processing methodology and proving the commercial viability of our scalable production strategy,” he said.

More market news

Together: The U.S. has suspended aid to Ukraine. Will Europe step into the breach?

Tough trim: Why rate cuts are bad news for the Australian economy

“With global lithium demand continuing to show signs of recovery over the coming years, we are now firmly positioned to transition toward large-scale, low-cost lithium production.”

Pursuit has been selling at 7cps through Friday morning trade.

Join the discussion: See what HotCopper users are saying about Pursuit Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

pur by the numbers
More From The Market Online

Elixir Energy hits milestone at Lorelle-3H well with commencement of post-soak flow testing

Elixir Energy is set to hit a key milestone with a new phase of testing of…
Brent falling concept

Energy sector worst off on Thursday as Brent Crude falls below US$100/bbl

While all 11 sectors on the ASX are red for this surprisingly bloody Thursday, the recently-very-volatile energy sector is actually the worst off,
HotCopper Daily Market Trends Graphic

Thursday’s HotCopper trends: Meteoric Resources, Marmota, Manuka Resources and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…
Image of two soldiers looking at a drone

Droneshield up +8% WoW as fresh $720M US contract revives interest

Droneshield (ASX:DRO) has been struggling in particular ever since its founder and directors sold all of their shares out