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Finance Investment, Oil Mining Resources

Arizona Lithium (ASX: AZL) – Construction Commenced at Prairie Project

Arizona Lithium Limited (ASX: AZL) 2 mins read

Arizona Lithium Limited (ASX: AZL, AZLOA, OTC: AZLAF) ("Arizona Lithium" or "the Company"), a leader in sustainable lithium development, is excited to announce the commencement of pad construction for its first commercial Direct Lithium Extraction (DLE) facility at the Prairie project.

This significant milestone marks the transition from pilot operations to commercial-scale lithium production. The well pad construction is a critical step in preparing for the anticipated drilling of production and disposal wells in the first half of 2024.

Key Developments:

  • Construction Underway: The ground has been prepared for the first production and disposal wells at the Prairie project site.
  • Advancing to Commercialization: With the well pad now established, Arizona Lithium is set to rapidly progress to commercial operations.
  • Licensing in Process: The Company is actively working on obtaining the necessary licenses for the first production and disposal wells.
  • Upcoming Licensing: Following the completion of the Preliminary Feasibility Study (PFS) and Pilot project by the end of 2023, AZL will seek to have the lithium extraction process and facility fully licensed.

The well pad's completion is a testament to Arizona Lithium's commitment to meeting its production target of approximately 2,000 Tonnes Per Annum (TPA) of Lithium Carbonate Equivalent (LCE) at the Prairie project. This endeavor is a part of the Company's strategic initiative to bolster North America's lithium supply chain.

Arizona Lithium Managing Director, Paul Lloyd, commented: “The ability to receive permits to construct the pad, highlights the expediency of the responsible and efficient Saskatchewan regulatory framework, which is built on years of oil and mining development. There is abundant infrastructure near this site, as this is a very active industrial region for agriculture, mining and oil. This ability to get things done is a prime example of why Saskatchewan is consistently named a top ranked jurisdiction for mining investment, and why we believe our project in Saskatchewan will be one of the first to market in North America. We look forward to continuing to work with the government of Saskatchewan on finalizing the licence and permits for our wells and lithium extraction operations over the coming months, as we continue to target 2025 for initial production.” 

 


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

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