Perth, Australia – 11 July 2024 – Arizona Lithium Limited (ASX: AZL, AZLO, AZLOA; OTC: AZLAF) (“Arizona Lithium” or “the Company”), is thrilled to announce that the United States Bureau of Land Management (BLM) has granted approval for exploration drilling at its Big Sandy Lithium Project in Arizona, USA. This milestone marks a significant advancement in the Company's efforts to sustainably develop lithium resources in North America.
Key Highlights:
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Approval Received: The BLM has approved the Permit of Exploration (POE) for the Big Sandy Lithium Project.
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No Appeals Filed: No appeals were lodged during the BLM's 30-day appeal period following the POE approval.
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Drilling to Commence: Exploration drilling is scheduled to begin in late-July 2024, managed by the Navajo Transitional Energy Company (NTEC) under a Mining Services Agreement with Arizona Lithium.
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Paul Lloyd, Managing Director of Arizona Lithium, commented: “We are very pleased to obtain drilling approval from the BLM for the Big Sandy project. Plans are well advanced to commence drilling later in July and the taking of a bulk sample of Big Sandy ore for processing at the Lithium Research Centre in Tempe, Arizona. This is a very exciting step for the Company and I would like to thank all the AZL team for their professional determination demonstrated throughout the process and the thorough and respectful engagement of all stakeholders. We look forward to creating additional shareholder value from successful exploration and the increase in the existing lithium resource at the project.”
The Company's comprehensive planning and engagement with preferred suppliers ensure readiness to initiate the drilling program promptly. The collaboration with NTEC, established in March 2024, underpins the operational aspects of the exploration, leveraging NTEC's expertise in mining services.
This approval is a critical step in Arizona Lithium’s strategy to enhance its lithium resource base, aligning with the increasing demand for lithium driven by the global transition to renewable energy and electric vehicles.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
