Lithium Energy: Begins drilling at Solaroz, Argentina

Lithium Energy Begins drilling at Solaroz, Argentina

  • Lithium Energy (LEL) begins drilling at its highly prospective flagship Solaroz lithium brine project in Argentina
  • Drilling has begun at borehole OZDH001 within the Mario Angel concession and marks the first of a 10-hole diamond and rotary hole drilling program
  • The aim of this program is to test the extent and grade of the lithium mineralisation, porosity and flow rate across the conductive brines
  • Further, LEL will seek to confirm the exploration target of 1.5 to 8.7 million tonnes of contained lithium carbonate equivalent and define a maiden JORC mineral resource
  • LithiumEnergy is up 2.17 per cent on the market with shares trading at $1.18 at 3:09 pm AEST
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FundBank Strengthens Position with Acquisition of TRRUE Blockchain Firm

The acquisition enhances FundBank's capabilities in blockchain technology.Highlights: FundBank has acquired the Irish blockchain firm, TRRUE.The acquisition aims...

Visa Strengthens Ties as Anchor Investor in PayPay IPO

Visa commits to supporting PayPay's growth through IPO investment.Highlights: Visa invests as anchor in PayPay's IPO.This move highlights...

Santander and Mastercard Complete Europe’s First Live Agentic AI Transaction

This groundbreaking transaction marks a milestone in AI-driven financial technology.Highlights: Santander and Mastercard execute Europe’s first agentic AI...

Apple Strengthens Reach with Apple Pay Launch in India

Apple Pay expands its footprint, aiming to capture the Indian digital payments market.Highlights: Apple Pay officially launches in...