Skip to content
Finance Investment, Oil Mining Resources

Arizona Lithium Limited (ASX: AZL) – BLM APPROVAL RECEIVED – DRILLING TO COMMENCE AT BIG SANDY

Arizona Lithium Limited (ASX: AZL) 2 mins read

Perth, Western Australia — Arizona Lithium Limited (ASX:AZL) is excited to announce the receipt of the Permit of Exploration (POE) from the US Bureau of Land Management (BLM) for its Big Sandy Lithium Project located in Arizona, USA. This pivotal permit enables the commencement of an extensive drilling program designed to expand the known resources and explore new potential areas within the project site.

Drilling Program Highlights:

  • Scheduled Start: The drilling and bulk sampling program is set to begin in July 2024, following the conclusion of a 30-day appeal period.
  • Exploration Goals: The program aims to augment the current Indicated and Inferred JORC Resource of 32.5 million tonnes grading 1,850 ppm Li, equating to 320,800 tonnes of Li2CO3.
  • Comprehensive Exploration: Only 4% of the project area has been explored to date. The upcoming drill will focus on validating the significant exploration target estimated between 271.1Mt to 483.2Mt at 1,000 - >2,000ppm Li.
  • Historical Success: Previous drilling has intersected high-grade lithium mineralization, and recent testwork has produced 99.8% battery-grade lithium carbonate, meeting international specifications.

Partnership with NTEC: In March 2024, Arizona Lithium entered a Mining Services Agreement with Navajo Transitional Energy Company (NTEC), a leading tribally owned mining and energy entity. NTEC will manage the drilling operations, ensuring adherence to stringent environmental and permitting standards.

Arizona Lithium Managing Director, Paul Lloyd, commented: “We are extremely pleased to have received approval from the Bureau of Land Management for the long awaited follow up drill program at Big Sandy in Arizona. This represents a substantial development opportunity for a deposit that presently contains a JORC resource of 320,800 tonnes LCE5. With only 4% of the project drilled to date, we are looking to expand the existing Resource and validate the exploration target.”

“We look forward to working with BLM, NTEC and all stakeholders to ensure the drilling program is successfully executed with minimum environmental impact.”

“I would like to thank shareholders for their ongoing support whilst Arizona Lithium worked diligently towards this approval.”


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Industrial Relations, Oil Mining Resources
  • 13/06/2024
  • 14:57
Mining and Energy Union

Six-month lifeline for Eraring coal deal welcome but uncertainty remains

The Mining and Energy Unionwarns that workers at Myuna and Mandalong coal mines still face an uncertain future, despite a short-term deal struck between Origin Energy and Centennial Coal to keep supplying coal as part of a six-month extension. In May, the NSW Government and Origin reached an agreement to extend the operating life ofEraring Power Station until 2027. Northern Mining and NSW Energy District President Robin Williams said that while theMEU welcomed the announcement, workers would still find themselves in the same position in six months’ time. “Workers are hopeful that a longer-term arrangement can be reached considering that…

  • Employment Relations, Oil Mining Resources
  • 13/06/2024
  • 13:59
AWU

Court Hearing for Sibelco Silicosis Cases

The Australian Workers Union stands in solidarity with three of its members, Kevin Weekes, Craig Robertson, and Alan Jenkins, as their cases against former employer Sibelco are heard in Wonthaggi court tomorrow (14th of June 2024). These men, among many others, have been diagnosed with silicosis, a debilitating lung disease caused by prolonged exposure to silica dust in their workplaces. Call for Action and Legal Support The stories of Kevin, Craig, and Alan highlight the urgent need for stronger safety regulations and comprehensive support for workers affected by silicosis. Their struggle for justice represents a broader call to action for…

  • Finance Investment, Music
  • 13/06/2024
  • 11:23
Vinyl Group Ltd (ASX: VNL)

Vinyl Group Ltd (ASX: VNL) Launches A$5.4 Million Accelerated Entitlement Offer to Fuel Growth

Melbourne, Australia – 13 June 2024 – Vinyl Group Ltd (ASX: VNL), Australia’s only ASX-listed music company, today announced a fully underwritten pro rata accelerated non-renounceable entitlement offer to raise approximately A$5.4 million. This strategic move aims to enhance the company’s growth trajectory and bolster its market presence. Highlights: Significant Cash Reserves: The initiative is set to increase cash reserves by A$5.15 million. Focused Investment: Funds will be allocated to accelerate user acquisition on Vinyl and Vampr platforms, reduce technology costs of the Jaxsta platform, and expand the media business. Strong Backing: The offer is fully underwritten by Peloton Capital,…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.