(NewsDirect)
Lithium Energy Ltd(ASX:LEL) chairman William Johnson speaks with Proactive soon afterthe company unveiled the results of its scoping study for the SolarozLithium Project in Argentina’s Jujuy Province, which showcases itspotential as a large-scale, long-life, high-margin venture withexcellent ESG metrics. The study recognises the soaring demand forlithium driven by the global transition to electric vehicles (EVs).Solaroz benefits from a substantial lithium resource, with a projectedproduction capacity of up to 40,000 tons per annum (tpa) ofbattery-grade LCE, achieved through conventional evaporation pondprocessing. The total JORC indicated and inferred mineral resourceestimate (MRE) stands at 3.3 million tons of LCE, including ahigh-grade core of 1.3 million tons of LCE.
"We are extremelypleased with the results of the scoping study, confirming the SolarozLithium Brine Project as a high-margin project with significantupside, positioned to become a material producer of battery-gradelithium into the accelerating demand curve of the net zero energytransition," Johnson said.
"As the global economy decarbonises, the supplyof lithium remains of great importance to fulfil electrificationdemand. We are proud to demonstrate such a strong project at Solarozand are excited to move forward with its next stage ofdevelopment.
"Lithium Energy is committed to building a project withworld class environmental credentials, to satisfy increasing globalscrutiny on sustainable supply chains.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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