Australian (ASX) Stock Market Forum

LEL - Lithium Energy

SUMMARY
➢ Scoping Study work completed to date confirms the suitability of conventional solar pond evaporation as a development pathway for the Solaroz Lithium Brine Project.
➢ Pond evaporation is a tried and tested production methodology on the Olaroz Salar, currently used by adjacent global lithium neighbours Allkem and Lithium Americas Corporation for battery grade lithium carbonate production.
➢ Study work indicates the Solaroz Project is also suitable for Direct Lithium Extraction, providing the Company with the significant benefit of having multiple potential development pathways.
➢ The release of full Scoping Study results including production targets and economics is targeted for early Q4 2023.
➢ The Company confirms that it has been approached by multiple, major third parties active in the EV battery sector seeking strategic partnership or investment opportunities with Lithium Energy in the development of the Solaroz Project.
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.... and up 20 per cent. (to 66c)
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