{"id":2974,"date":"2023-12-10T23:28:01","date_gmt":"2023-12-10T23:28:01","guid":{"rendered":"https:\/\/economicherald.net\/?p=2974"},"modified":"2023-12-10T23:28:01","modified_gmt":"2023-12-10T23:28:01","slug":"arizona-lithium-gets-boost-ahead-of-planned-h1-2025-prairie-production-start","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2974","title":{"rendered":"Arizona Lithium gets boost ahead of planned H1 2025 Prairie production start"},"content":{"rendered":"

Arizona Lithium leases lithium rights over 159km2 of ground, taking total Prairie brines project footprint to ~1,578km2
\nNew leased rights are contiguous to existing landholding
\nIncrease expected to complement and improve project economics as company aims for production start in 2025<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> Growing its Prairie brine project footprint by 11% gives Arizona Lithium \u201c<\/strong>greater flexibility for future exploration and production\u201d.<\/strong><\/p>\n

There are only a handful of lithium producers in North America, including\u00a0Sayona Mining (ASX:SYA)<\/a>\u00a0and Piedmont Lithium\u2019s hard rock NAL project in Quebec and Albemarle\u2019s Silver Peak brine operations in the US.<\/p>\n

AZL, which also owns the Big Sandy project in Arizona, believes it could be one of the next producers off the rank to feed North America\u2019s growing hunger for lithium via its 5.7Mt LCE Prairie project in Saskatchewan, Canada.<\/p>\n

Commissioned in November, Arizona Lithium (ASX:AZL)<\/a> has processed over 42,000L of raw brine resulting in the production of ~2,500L of lithium concentrate which you can\u00a0see a snazzy video of here<\/a>.<\/p>\n

The first two shipments have been sent to the LRC in Tempe, Arizona, for further upgrading to high-purity lithium end products targeted to the battery market.<\/p>\n

\u00a0<\/p>\n

New leases improve economics<\/strong><\/h2>\n

The new leases at Prairie cover ~159km2 and are contiguous to the company\u2019s existing landholding in Saskatchewan, Canada, where a pilot direct lithium extraction (DLE) plant has been processing raw brine into lithium concentrate since November.<\/p>\n

Pilot plant operations are the third and final phase of AZL\u2019s<\/strong><\/a> evaluation of the promising third-party DLE technology that could drive development of its 5.7Mt lithium carbonate equivalent Prairie project.<\/p>\n

Prairie also benefits from being in one of the world\u2019s top mining friendly jurisdictions with easy access to key infrastructure including electricity, natural gas, fresh water, paved highways, and railroads.<\/p>\n

AZL notes that leasing the lithium rights from a strategic freehold mineral title holder that holds land across the Prairie project area improves the economics for future production that is forecast to start in the first half of 2025.<\/p>\n

New leases at the Prairie lithium brine project. Pic: Supplied (AZL).<\/p>\n

It has started resource assessment work on the land to understand the resource size and potential.<\/p>\n

\u201cIncreasing our acreage in these strategic locations allows us greater flexibility for future exploration and production,\u201d managing director Paul Lloyd said.<\/p>\n

\u201cOur team has kicked off the resource assessment work for these new properties, and I look forward to sharing the results shortly. We have one of the best land positions in Canada and this acquisition makes it even better.<\/p>\n

\u201cThis was an opportunistic increase in the Prairie landholding complementary to our strategy of driving towards production commencing in 2025, which would make Prairie one of the fastest to market lithium development projects.\u201d<\/p>\n

Speaking to Stockhead<\/em>, he added that a land grab similar to the shale oil and gas boom is about to start in the North American lithium brines sector and that the company was happy to add to its very large landholding before the race for ground really starts.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Arizona Lithium, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Arizona Lithium gets boost ahead of planned H1 2025 Prairie production start<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Arizona Lithium leases lithium rights over 159km2 of ground, taking total Prairie brines project footprint to ~1,578km2 New leased rights are contiguous to existing landholding [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2975,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nArizona Lithium gets boost ahead of planned H1 2025 Prairie production start - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=2974\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona Lithium gets boost ahead of planned H1 2025 Prairie production start - 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