Wieder gute News!
Darin wird noch einmal beschrieben, was alles geleistet wurde in 2024, und was 2025 auf dem Programm steht, um am Ende des Jahres in Produktion gehen zu können.
Auch geht es um neu entdeckte Gebiete und eine höhere Ressourcen-Bewertung.
Es wird hart gearbeitet, das hört man als Aktionär gerne :-)
Exploration testing of the two wells at Pad #2 and the one well at Pad #3 have been completed.
This concludes the field portion of the 2024 exploration program.
• Completion work focused on additional testing of the recently discovered Dawson Bay and Souris
River Lithium Formations, as well as further testing of the Duperow Formation, which has all been
successfully completed.
• Results of the Completions work, including grade, will be released to the market in the coming
months.
• The company now has a sub-surface producing unit at Pad #1 consisting of a production well, a
disposal well and a brackish water source well.
• Detailed engineering design of the surface infrastructure has commenced and the Company has
engaged in detailed discussions with technology providers and construction entities.
• 2024 was a year of drilling, de-risking and discovery of addition lithium bearing formations. 2025
will be a year of designing and constructing surface infrastructure with production of Lithium in
late 2025.
• Resources upgrade expected in coming months from data collected from the recently completed
drilling program.
• As detailed in the PFS, each pad has a Net Present Value (NPV) of approximately US$150 million
Arizona Lithium Managing Director, Paul Lloyd, commented: “Completing the exploration work at Pad #2
and Pad #3, is the first step in understanding the regional extent of lithium concentrations in the Souris River
and Dawson Bay Formations. The additional testing performed in the Duperow Formation at Pad #3 provides
us further confidence in the regional extent of the resource and will strengthen our resource assessment.
Having these wells drilled gets us one step closer to production. We are taking steps forward with the
development each week and I am extremely pleased with the progress the team is making. The data acquired
across our Pad’s this year will be used to undertake an updated resource assessment on these formations in
the coming months.” |
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