Tillkännagivande • Apr 24
Lithium Energy Limited, Annual General Meeting, May 28, 2026 Lithium Energy Limited, Annual General Meeting, May 28, 2026. Location: conference room, the park business centre, 45 ventnor avenue, west perth, western australia, Australia Board Change • Mar 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CFO, Company Secretary & Executive Director Victor Ho was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 02
Lithium Energy Limited, Annual General Meeting, Nov 27, 2025 Lithium Energy Limited, Annual General Meeting, Nov 27, 2025. Tillkännagivande • Oct 01
Lithium Energy Limited, Annual General Meeting, Nov 29, 2024 Lithium Energy Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$18m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$18m free cash flow). Revenue is less than US$1m (AU$324k revenue, or US$208k). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$64.4m market cap, or US$41.3m). Tillkännagivande • Aug 11
Lithium Energy Limited, Annual General Meeting, Oct 12, 2023 Lithium Energy Limited, Annual General Meeting, Oct 12, 2023. Tillkännagivande • Feb 18
Lithium Energy Limited Announces Significant High Grade Graphite Intercepts Continue at Burke Graphite Deposit Lithium Energy Limited confirmed that further assay results received from Reverse Circulation (RC) holes drilled in the recently completed drilling programme continue to confirm the 100% owned Burke Graphite Project located in Queensland, Australia (Burke Project) as one of the highest grade graphite deposits globally. Further to the excellent assay results previously reported for the first 13 RC holes, assay results from a further 7 RC holes continues to show multiple outstanding (composite) intercepts of graphite in excess of 20% Total Graphitic Carbon (TGC). The grades from the Burke Deposit are exceptionally high when compared with most other known graphite deposits globally. The recently completed drilling programme at the Burke Tenement comprised: 2,589 metres drilled across 29 RC holes (Hole ID's BGRC010 to BGRC038); and 715 metres drilled across 7 diamond core holes (Hole ID's BGDD02 to BGDD08). Assay results from 7 RC drill holes (BGRC015 to BGRC021) were announced on 3 February 2023 and assay results from a further 6 RC drill holes (BGRC022 to BGRC027) were announced on 9 February 2023. The assay results from these 7 RC drill holes (BGRC028 to BGRC034) continue to confirm the high-grade nature of the Burke Deposit. The balance of the assay results for both RC and diamond holes at the Burke Tenement are pending receipt and review/analysis by the Company. Lithium Energy has engaged a consultant geologist to upgrade the current JORC Inferred Mineral Resource of 6.3Mt at 16% TGC at the Burke Tenement (to an Indicated JORC Mineral Resource category). The compilation of the geological database from the 2017 and 2022/2023 drilling programmes for initial resource modelling will commence shortly. A drilling programme (~2,000 metres of RC and ~200 metres of diamond core) at the Corella Tenement (EPM 25696), located ~150km south of the Burke Tenement, is expected to commence after the end of the Queensland wet season. This maiden drilling programme will test the extent of graphite mineralisation (identified through previous sampling and EM surveys) with the objective of delineating a maiden JORC Inferred Mineral Resource at Corella. The Burke Graphite Project comprises two granted Exploration Permits for Minerals (EPM) totalling approximately 26 square kilometres located in the Cloncurry region in North Central Queensland, where there is access to well-developed transport infrastructure to an airport at Mt Isa (~122km) and a port in Townsville (~783km). The Burke EPM 25443 tenement (Burke Tenement) is located 125km north of Cloncurry adjacent to the Mt Dromedary Graphite Project held by Novonix Limited. The Corella EPM 25696 tenement (Corella Tenement) is located 40km west of Cloncurry near the Flinders Highway that links Mt Isa to Townsville. A Mineral Resource Estimate (MRE) for the Burke Tenement previously defined a maiden Inferred Mineral Resource (Burke Deposit) of: 6.3 million tonnes at 16.0% TGC (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes at 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. The results from the recently completed 36 hole RC and diamond core (metallurgical and geotechnical) drilling programme at the Burke Tenement will be used to upgrade the maiden inferred Mineral Resource for the Burke Deposit from an Inferred to Indicated JORC Mineral Resource category. In addition to the high-grade nature of the deposit, the Burke Deposit: Comprises natural graphite that has been demonstrated to be able to be processed by standard flotation technology to international benchmark product categories. The flotation tests previously conducted have confirmed that a concentrate of purity in excess of 95% and up to 99% TGC can be produced using a standard flotation process. Contains graphite from which Graphene Nano Platelets (GNP) have been successfully extracted direct from the Burke Deposit via Electrochemical Exfoliation (ECE). The ECE process is relatively low cost and environmentally friendly compared to other processes, yet it can produce very high purity Graphene products. The ECE process is however not applicable to the vast majority of worldwide graphite deposits as it requires a TGC of over 20% and accordingly the Burke Deposit has potentially significant processing advantages over other graphite deposits. Has highly encouraging preliminary results from CSIRO testwork (to determine its suitability for use as a battery anode material), including achieving a purity of 99.94 % TGC, which closely compares to typical industry requirements of +99.95% TGC for lithium-ion battery anode material. Is favourably located with well-developed transport infrastructure and logistics and relative to the Lansdown Eco-Industrial Precinct near Townsville in North Queensland, which is emerging as an important precinct for the production of critical materials for battery technologies in Australia. Tillkännagivande • Feb 09
Lithium Energy Limited Confirms That Further Assay Results Received from Reverse Circulation (Rc) Holes Drilled in the Recently Completed Drilling Continue to Confirm the 100% Owned Burke Graphite Project Located in Queensland, Australia Lithium Energy Limited confirmed that further assay results received from Reverse Circulation (RC) holes drilled in the recently completed drilling programme continue to confirm the 100% owned Burke Graphite Project located in Queensland, Australia (Burke Project) as one of the highest grade graphite deposits globally. Further to the excellent assay results previously reported for the first 7 RC holes2, assay results from a further 6 RC holes continues to show multiple outstanding (composite) intercepts of graphite in excess of 20% Total Graphitic Carbon (TGC). The grades from the Burke Deposit are exceptionally high when compared with most other known graphite deposits globally. Assays remain pending for the remaining 16 RC holes and the 7 diamond core holes. The recently completed drilling programme at the Burke Tenement comprised: · 2,589 metres drilled across 29 RC holes (Hole ID's BGRC010 to BGRC038); and · 715 metres drilled across 7 diamond core holes (Hole ID's BGDD02 to BGDD08). Initial assay results from 7 RC drill holes (BGRC015 to BGRC021) were announced on 3 February 2023.2 Assay results from a further 6 RC drill holes (BGRC022 to BGRC027) continues to confirm the high-grade nature of the Burke Deposit, with composited graphite intersections encountered reported: The complete assay results (for %TC and %TGC) for RC Holes BGRC022 to BGRC027 are reported. Details of the collar location, inclination, azimuth and depth for RC Holes BGRC022 to BGRC027 are reported. The balance of the assay results for both RC and diamond holes are pending and will be released when received (expected through the course of February and March 2023). the location of RC Holes BGRC010 to BGRC038 and the location of the cross-section line (78311020mN) on the south-east corner of the Burke Tenement (with the results of the previous Electro Magnetic (EM) surveys3 also shown). The location of the RC holes (BGRC015 to BGRC021) where assay results have been announced, together with their cross-section lines (7831170mN and 7831125mN lines). A drilling programme (~2,000 metres of RC and ~200 metres of diamond core) at the Corella Tenement (EPM 25696), located ~150km south of the Burke Tenement, is expected to commence after the end of the Queensland wet season in March/April 2023. This maiden drilling programme will test the extent of graphite mineralisation (identified through previous sampling and EM surveys3) with the objective of delineating a maiden JORC Inferred Mineral Resource at Corella. The Burke Graphite Project comprises two granted Exploration Permits for Minerals (EPM) totalling approximately 26 square kilometres located in the Cloncurry region in North Central Queensland, where there is access to well-developed transport infrastructure to an airport at Mt Isa (~122km) and a port in Townsville (~783km). The Burke EPM 25443 tenement (Burke Tenement) is located 125km north of Cloncurry adjacent to the Mt Dromedary Graphite Project held by NoVo nix Limited. The Corella EPM 25696 tenement (Corella Tenement) is located 40km west of Cloncurry near the Flinders Highway that links Mt Isa to Townsville. A Mineral Resource Estimate (MRE) for the Burke Tenement previously defined a maiden Inferred Mineral Resource (Burke Deposit) of: · 6.3 million tonnes @ 16.0% TGC (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; · Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. The results from the recently completed 36 hole RC and diamond core (metallurgical and geotechnical) drilling programme at the Burke Tenement will be used to upgrade the maiden inferred Mineral Resource for the Burke Deposit from an Inferred to Indicated JORC Mineral Resource category. In addition to the high-grade nature of the deposit, the Burke Deposit: · Comprises natural graphite that has been demonstrated to be able to be processed by standard flotation technology to international benchmark product categories. The flotation tests previously conducted have confirmed that a concentrate of purity in excess of 95% and up to 99% TGC can be produced using a standard flotation process. 4 · Contains graphite from which Graphene Nano Platelets (GNP) have been successfully extracted direct from the Burke Deposit via Electrochemical Exfoliation (ECE). The ECE process is relatively low cost and environmentally friendly compared to other processes, yet it can produce very high purity Graphene products. The ECE process is however not applicable to the vast majority of worldwide graphite deposits as it requires a TGC of over 20% and accordingly the Burke Deposit has potentially significant processing advantages over other graphite deposits. · Has highly encouraging preliminary results from CSIRO testwork (to determine its suitability for use as a battery anode material), including achieving a purity of 99.94 % TGC, which closely compares to typical industry requirements of +99.95% TGC for lithium-ion battery anode material. · Is favourably located with well-developed transport infrastructure and logistics and relative to the Lansdown Eco-Industrial Precinct near Townsville in North Queensland, which is emerging as an important precinct for the production of critical materials for battery technologies in Australia. Tillkännagivande • Feb 04
Lithium Energy Limited Announces Drilling Results at Burke Graphite Lithium Energy Limited confirmed that initial assay results from Reverse Circulation (RC) drilling1 confirm the 100% owned Burke Graphite Project located in Queensland, Australia (Burke Project) as one of the highest grade graphite deposits globally. First Assay results received from 7 RC holes include multiple outstanding (composite) intercepts of graphite in excess of 20% Total Graphitic Carbon (TGC). These grades are exceptionally high when compared with most other known graphite deposits globally. Assays remain pending for a further 22 RC holes. The diamond core (metallurgical and geotechnical) component of the drilling programme has also been completed at the Burke Tenement, with 715 metres drilled across 7 holes. Core samples have been submitted for assaying, with results expected to be received through the course of February/March 2023. Lithium Energy notes that previous CSIRO testwork5 has confirmed Burke Graphite suitability for use in lithium ion batteries and that the Company is planning to commence Engineering Studies shortly to assess the viability of establishing a Purified Spherical Graphite (PSG) anode manufacturing facility in Australia using the Burke Graphite as feedstock material. Burke Tenement Drilling: Drilling company, DDH1, has completed both the RC and diamond core component of the drilling programme at the Burke Tenement comprising: 2,589 metres drilled across 29 RC holes (Hole ID's BGRC010 to BGRC038); and 715 metres drilled across 7 diamond core holes (Hole ID's BGDD02 to BGDD08). DDH1 have also completed 7 diamond core and geotechnical holes totalling 715 metres, with assays of the core samples expected to be received in February/March 2023. The diamond core will also provide representative graphite samples of the Burke Deposit for an extensive metallurgical, Purified Spherical Graphite (PSG) and anode testwork and development programme. DDH1 will now shift to the Corella Tenement (EPM 25696), located ~150km south of the Burke Tenement, to commence a maiden drilling programme to test the extent of graphite mineralisation (identified through previous sampling and EM surveys3) with the objective of delineating a maiden JORC Inferred Mineral Resource. Approximately 2,000 metres of RC drilling and ~200 metres of diamond drilling is planned at the Corella Tenement, which will provide assays and samples for supporting resource development and metallurgical testwork. The Corella drilling programme is expected to commence after the end of the Queensland wet season, in March/April 2023. Burke Graphite Project Background: The Burke Graphite Project comprises two granted Exploration Permits for Minerals (EPM) totalling approximately 26 square kilometres located in the Cloncurry region in North Central Queensland, where there is access to well-developed transport infrastructure to an airport at Mt Isa (~122km) and a port in Townsville (~783km). The Burke EPM 25443 tenement (Burke Tenement) is located 125km north of Cloncurry adjacent to the Mt Dromedary Graphite Project held by Novonix Limited. The Corella EPM 25696 tenement (Corella Tenement) is located 40km west of Cloncurry near the Flinders Highway that links Mt Isa to Townsville. Burke Deposit: A Mineral Resource Estimate (MRE) for the Burke Tenement previously defined a maiden Inferred Mineral Resource (Burke Deposit) of: 6.3 million tonnes @ 16.0% TGC (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. The results from the recently completed 36 hole RC and diamond core (metallurgical and geotechnical)mdrilling programme at the Burke Tenement will be used to upgrade the maiden inferred Mineral Resource for the Burke Deposit from an Inferred to Indicated JORC Mineral Resource category. In addition to the high-grade nature of the deposit, the Burke Deposit: Comprises natural graphite that has been demonstrated to be able to be processed by standard flotation technology to international benchmark product categories. The flotation tests previously conducted have confirmed that a concentrate of purity in excess of 95% and up to 99% TGC can be produced using a standard flotation process. Contains graphite from which Graphene Nano Platelets (GNP) have been successfully extracted direct from the Burke Deposit via Electrochemical Exfoliation (ECE). The ECE process is relatively low cost and environmentally friendly compared to other processes, yet it can produce very high purity Graphene products. The ECE process is however not applicable to the vast majority of worldwide graphite deposits as it requires a TGC of over 20% and accordingly the Burke Deposit has potentially significant processing advantages over other graphite deposits. Has highly encouraging preliminary results from CSIRO testwork (to determine its suitability for use as a battery anode material), including achieving a purity of 99.94 % TGC, which closely compares to typical industry requirements of +99.95% TGC for lithium-ion battery anode material. Is favourably located with well-developed transport infrastructure and logistics and relative to the Lansdown Eco-Industrial Precinct near Townsville in North Queensland, which is emerging as an important precinct for the production of critical materials for battery technologies in Australia. Tillkännagivande • Jan 31
Lithium Energy Limited Announces New Significant Intersections of Conductive Brines Have Been Encountered At Drillholes SOZDD002 and SOZDD003 Being Drilled At the Solaroz Lithium Brine Project in Argentina Lithium Energy Limited confirm that new significant intersections of conductive brines have been encountered at drillholes SOZDD002 and SOZDD003 currently being drilled at the Company's highly prospective Solaroz Lithium Brine Project in Argentina, in the heart of South America's world renowned Lithium Triangle (Solaroz). Drilling at SOZDD002 (Chico V concession, see Figure 1) has intersected highly conductive brines over an interval of approximately 107 metres, from a depth of 186 metres to 293 metres. From 186 metres to 293 metres, the brines are hosted in unconsolidated sands, below which conductive brines are hosted in fractured shales, with drilling continuing to advance and encountering highly conductive brines (with current depth of 438 metres). Drilling at SOZDD003 (Chico 1 concession, see Figure 1) has proceeded at a faster pace than the drilling rig operating at SOZDD002 with the Company being pleased to report that highly conductive brines have now been intersected in the upper aquifer and that drilling has entered the targeted Deep Sands Unit with highly conductive brines also being encountered in this lower aquifer. In the upper aquifer at SOZDD003, highly conductive brines were intersected over an interval of approximately 107 metres, from a depth of 176 metres to 283 metres before encountering a thick halite (salt unit) layer. At a depth of 500 metres, drilling then transitioned through the halite layer into the targeted Deep Sands Unit. The Company is pleased to advise that highly conductive brines have now been encountered in the Deep Sands Unit commencing at a depth of 500 metres with a current interval of approximately 57 metres to 557 metres (to date), with highly conductive brines continuing to be encountered at depth in this lower aquifer as drilling progresses. These results follow the significant lithium discovery made by the Company at its first drillhole (SOZDD001) at the Mario Angel concession at Solaroz, which returned c umulative intersections of up to 235 metres of lithium brine mineralisation with assay results from packer sampling of conductive brines returning lithium concentrations of up to 555 mg/L with positive flow rates and Mg/Li ratio. The intersection of brines at these locations (located approximately 15km from the Company's initial lithium discovery at SOZDD001) is highly significant as it adds confidence to the Company's geological model of extensive sandstone aquifers hosting conductive brines being present below substantial portions the Company's 12,000 hectare concession holding at Solaroz. Tillkännagivande • Dec 24
Lithium Energy Limited Announces Completion of RC Infill Drilling at Burke Graphite Deposit Lithium Energy Limited provided an update on its drilling programme at its highly prospective 100%-owned Burke Graphite Project located in Queensland, Australia (Burke Project). The Burke Deposit (on the Burke Tenement (EPM 25443)) currently has a 6.3Mt JORC Inferred Mineral Resource Grade of 16% Total Graphitic Carbon (TGC), within which there is a higher-grade component of 2.3Mt @ 20.6% TGC. The objective of the infill drilling programme at the Burke Tenement is to upgrade the Burke Deposit from a JORC Inferred Mineral Resource to a higher standard JORC Indicated Mineral Resource category. The drilling programme comprises a combination of reverse circulation (RC), diamond core and geotechnical holes. DD H1 Drilling has completed the RC component of the drilling programme at the Burke Tenement, with 2,306 metres drilled across 23 holes. Samples have been submitted for assaying, with results expected to be received through the course of late January/February 2023. DD H1 will begin the next component of the drilling programme at the Burke Tenement in early-mid January 2023 (subject to weather), comprising diamond core and geotechnical holes totalling ~600 metres across ~6 holes, to maximum depths of ~120 metres. The diamond core will provide representative graphite samples of the Burke Deposit for an extensive metallurgical, Purified Spherical Graphite (PSG) and anode testwork and development programme. The upgrade in the resource classification of the Burke Deposit and the metallurgical and PSG optimisation testwork will support the planned Engineering Study to assess the viability of establishing a PSG Anode manufacturing facility, using the Burke Graphite as feedstock material. After the completion of the drilling programme at the Burke Tenement in January 2023, DD H1 will mobilise to the Corella Tenement (EPM 25696), located ~150km south of the Burke Tenement. The drilling programme at the Corella Tenement will test the extent of graphite mineralisation (identified through previous sampling and Electro Magnetic (EM) surveys2) with the objective of delineating a maiden JORC Inferred Mineral Resource. Approximately 2,000 metres of RC drilling and ~200 metres of diamond drilling is planned at the Corella Tenement, which will provide assays and samples for supporting resource development and metallurgical testwork. Burke Graphite Project Background: The Burke Graphite Project comprises two granted Exploration Permits for Minerals (EPM) totalling approximately 26 square kilometres located in the Cloncurry region in North Central Queensland, where there is access to well-developed transport infrastructure to an airport at Mt Isa (~122km) and a port in Townsville (~783km). The Burke EPM 25443 tenement (Burke Tenement) is located 125km north of Cloncurry adjacent to the Mt Dromedary Graphite Project held by Novonix Limited. The Corella EPM 25696 tenement (Corella Tenement) is located 40km west of Cloncurry near the Flinders Highway that links Mt Isa to Townsville. Burke Deposit: A Mineral Resource Estimate (MRE) for the Burke Tenement has defined a maiden Inferred Mineral Resource (Burke Deposit) of: 6.3 million tonnes @ 16.0% TGC (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. Tillkännagivande • Dec 16
Lithium Energy Limited Confirms Conductive Brines Have Been Successfully Encountered At Both the Second and Third Holes Lithium Energy Limited confirmed that conductive brines have been successfully encountered at both the second and third holes (SOZDD002 and SOZDD003) currently being drilled at the Company's highly prospective flagship Solaroz Lithium Brine Project in Argentina, in the heart of South America's world renowned Lithium Triangle (Solaroz). These results follow the significant lithium discovery made by the Company at its first drillhole (SOZDD001) at the Mario Angel concession at Solaroz, which returned c umulative intersections of up to 235 metres of lithium brine mineralisation with assay results from packer sampling of conductive brines returning lithium concentrations of up to 555 mg/L with positive flow rates and Mg/Li ratio. Drilling at SOZDD002 (Chico V concession, see Figure 3) has encountered conductive brines from a depth of 185m, with conductive brines also being encountered from a depth of 158m at SOZDD003 (Chico 1 concession). Previous geophysics2 undertaken by the Company indicates that these conductive brines may be hosted in sandstone aquifers extending to depths of up to 500 metres. The Company will now proceed with progressive sampling and testing of these conductive brines for lithium content and other key parameters as drilling progresses deeper to test the extent of conductive brines to basin basement. The intersection of brines at these locations (located approximately 15km from the Company's initial lithium discovery at SOZDD001) is highly significant as it adds confidence to the Company's geological model of extensive sandstone aquifers hosting lithium rich conductive brines being present below substantial portions the Company's 12,000 hectare concession holding at Solaroz. Tillkännagivande • Dec 03
Lithium Energy Limited Announced the Results of Anode Testwork from Burke Graphite Project Lithium Energy Limited announced the results of anode testwork recently conducted by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and provide an update on further development of its 100% owned Burke Graphite Project. This project was made possible through the CSIRO Kick-Start, an initiative that provides funding and support for innovative Australian start-ups and small businesses to access CSIRO's research expertise and capabilities to help grow and develop their business. Li ion Battery Anode Material from the Burke Graphite Deposit; CSIRO has undertaken characterisation, purification and spheronisation testwork on natural Burke Graphite to determine its suitability for use as a battery anode material. This work was partially funded under CSIRO's (research related) Kick Start Programme. In-depth characterisation of Burke Graphite concentrate (produced from previous drill core samples taken from the Burke Tenement (EPM 25443) using laboratory flotation) was firstly conducted by CSIRO to determine the concentration of various impurity elements, via XRF, as well as using an automated mineralogy analyser to determine the mineralogy of the residual impurities within the natural graphite concentrate (> 95 % TGC). The four major impurities in the Burke Graphite concentrate identified were micas, feldspars, clay mineralsand silica, which are typical of graphite deposits. CSIRO then conducted several different purification techniques and processes on the Burke Graphite concentrate to remove these impurities, with preliminary results achieving a purity of 99.94 % TGC, whichclosely compares to typical industry requirements of +99.95% TGC for anode material.Spheronising test work was conducted on unpurified Burke Graphite in a bench scale NARA NHS-0 Hybridiser, successfully producing spheronised graphite particles with a d50 1 of between 15 17 m and a Tap density of 0.92 g/cm3, which is equivalent to the typical industry benchmark for Tap Density of anode ready material for this size distribution.This unpurified spheronised material was then used for the preparation of natural graphite anodes for electrochemical testing. These electrodes showed electrochemical capacity of 344 - 356 mAh/g at 0.1C 2 cycle rate, which compares with the typical commercial electrode baseline results of >350 mAh/g. These preliminary results achieved by the CSIRO testwork are consider highly encouraging as they closely approach or meet the relevant industry benchmarks typically required for lithium-ion battery anode material. Furthermore, the Company considers these results particularly positive given that the electrochemical testing of natural graphite anodes was made from spheronised Burke Graphite without the benefit of final purification or any coating material being applied, both of which would typically improve cell performance even further.Based on these excellent preliminary results, the Company is planning further anode development testwork, with the objective of producing samples of purified spherical graphite (PSG) material which meet or exceed relevant industry performance benchmarks, for prospective customers to evaluate for use as anode material in lithium-ion batteries. Burke Graphite Deposit Development: A ~2,000 metre RC and ~600 metre Diamond drilling programme is planned to commence in late November 2022 at the Burke Tenement. A principal objective of this drilling programme is to increase the confidence level of the current JORC Inferred Mineral Resource of the Burke Deposit to an Indicated category. The Burke Deposit currently has a 6.3Mt JORC Inferred Mineral Resource Grade of 16% Total Graphitic Carbon, within which there is a higher-grade component of 2.3Mt @ 20.6% TGC. 3: The drilling programme will also be used to obtain additional bulk samples of graphite which are required for the further anode development testwork as well as for flowsheet optimisation metallurgical test work. Results from the drilling programme, together with the further metallurgical and anode optimization testwork, will be used to support an engineering study to determine the economics and production capacities for an anode manufacturing facility based in Queensland producing high value PSG material from the Burke Graphite Project, for use in lithium-ion batteries. Corella Graphite Prospect Development: Following on from the completion of the drilling programme at the Burke Tenement, the Company proposes an initial drilling programme at the Corella Tenement (EPM 25696) of ~2,000 metres of RC and ~200 metres of Diamond drilling.This programme has been designed to test the extent of graphite mineralisation with the objective of delineating a maiden JORC Inferred Mineral Resource at Corella. The delineation of a maiden JORC compliant mineral resource at Corella will build upon a previous surfacesampling programme that indicated multiple occurrences of high grade graphite of up to 14.8% TGC together with a ground Electro Magnetic (EM) survey that identified the potential for significant graphite mineralisation. The Burke Graphite Deposit: The Burke Tenement (EPM 25443) is located in the Cloncurry region of North Central Queensland, adjacent to the Mt Dromedary graphite deposit held by Novonix Limited. The Burke Tenement contains a defined Inferred Mineral Resource of graphite as follows: 6.3 million tonnes @ 16.0% TGC (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. Tillkännagivande • Nov 29
Lithium Energy Limited Commences At the Second and Third Holes (S0ZDD002 and S0ZDD003) At Its Highly Prospective Flagship Solaroz Lithium Brine Project in Argentina Lithium Energy Limited announced that drilling has commenced at the second and third holes (S0ZDD002 and S0ZDD003) at its highly prospective flagship Solaroz Lithium Brine Project in Argentina, in the heart of South America's world renowned Lithium Triangle (Solaroz), with two drilling rigs now operating concurrently. Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited (ASX/TSX:AKE) and Lithium Americas Corporation (TSX/NYSE:LAC) (refer Figure 2). The drilling of the second and third holes follows the significant lithium discovery recently made by Lithium Energy at the first diamond drill hole S0ZDD001 at Solaroz, with cumulative lithium brine intersections of up to 235 metres and lithium concentrations of up to 555 mg/Lithium. The recent interpretation of geophysical surveys2 undertaken at these next two drill hole locations leads Lithium Energy to believe these sites to be highly prospective for lithium bearing brines. In relation to these two diamond holes SOZDD002 and S00DD003 located on the Chico V and Chico 1 concessions respectively: Interpretation of the TEM geophysics indicates that fresh/brackish water is likely to be encountered within the first approximately 150 170 metres for both these holes, with more conductive brines expected below this depth. A ~150 170 metre pre-collar will therefore be drilled and cemented off first (in sections, to allowfor quicker setting) at each hole, in order to isolate any fresh/brackish water and prevent dilution with any sampling and assaying of the deeper brines.After the entire length of the pre-collar has been "set" with concrete, Lithium Energy proposes to drill test to a target depth of approximately 450 - 500 metres below surface with HQ Diamond Core. Packer sampling of brines will be routinely undertaken as the hole proceeds to target depth - testingof brines for conductivity, flow rates and density will be undertaken in the field and testing of the chemical composition (ie. Lithium, Potassium, Magnesium concentrations) of brines will be undertaken at a local laboratory. Core samples (at approximately 8 metre intervals) will also be collected for brine extraction andchemical analysis and specific yield and porosity testwork at a US-based laboratory. Tillkännagivande • Nov 16
Lithium Energy Limited Completes Drilling at Maiden Drillhole at Solaroz Lithium Brine Project Lithium Energy Limited confirmed that drilling at the first drill hole at its Solaroz Lithium Brine Project (Solaroz) has been completed to a depth of ~337.5 metres. Cumulative intersections of up to ~235 metres of lithium brine mineralisation were encountered in this hole across upper and lower aquifers. Assay results from packer sampling of conductive brines has returned highly encouraging lithium concentrations of up to 555 mg/L in the upper aquifer, with positive flow rates and Mg/Li ratio. Whilst attempts were made to extend drilling deeper in the lower aquifer into the basement rock, challenging drilling conditions meant that further drilling risked damage to the drillhole, which may have prevented the Company from proceeding with important geophysical hole logging. The challenging drilling conditions in the lower aquifer also prevented the Company from collecting any packer samples from 293 metres to the bottom of the hole. Importantly however, the brines encountered are contained mostly in sandstones, which are considered favourable (due to their porosity and permeability) for potential future brine extraction. Assay and Core Logging Results: Drilling at the first diamond drill hole (borehole SOZDD001) within the Mario Angel concession at Solaroz was completed to a depth of ~337.5 metres, with cumulative intersections of up to ~235 metres of lithium brine mineralisation (hosted in porous sandstones) with significant levels of Lithium brine concentrations encountered, as follows: An upper aquifer ~175 metres thick between ~55 to 230 metres depth of mostly uniform lithium brine hosting sandstone units and fine gravels, with preliminary sampling and assay results indicating significant lithium grades generally increasing with depth from 399 mg/l at 94 metres to up to 555 mg/l at 229 metres depth. A lower aquifer (deep sandstone unit) ~60 metres thick of mostly uniform lithium brine hosting sandstone units and fine gravels, extending from ~265 to 325 metres depth, with assay results of up to 517 mg/l Lithium sampled at 274 metres depth. The results of the packer sampling for SOZDD001 have been previously announced. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Director Pete Smith was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 02
Lithium Energy Limited Announces Further Significant Lithium Concentrations Encounters in Maiden Drillhole at Solaroz Lithium Brine Project Lithium Energy Limited confirmed that the first drill hole at Solaroz has extended to a depth of approx. 335 metres and penetrated the primary target Deep Sandstone lower aquifer, with drilling yet to close out the basement of the lower aquifer. Assay results continue to be received as drilling progresses with further results of Packer Samples returning significant lithium concentrations of up to 555 mg/L Lithium. Lithium Energy is encouraged that the first drillhole has now penetrated into the primary target zone contained in the previously interpreted deep sandstone lower aquifer with significant lithium grades now having been encountered in both the upper and lower aquifers. Assay results to date confirm that lithium concentrations are generally increasing at depth indicating a hydraulically linked system with heavier lithium rich brines settling lower into the aquifer. Drilling Progress: Drilling at the first diamond drill hole (borehole SOZDD001) within the Mario Angel concession at Solaroz has currently reached a depth of approximately approx. 335 metres, with significant levels of Lithium brine concentrations (hosted in porous sandstones) now having been encountered in both an upper and lower (deep sandstone) aquifer, as follows: Up to 555 mg/l Lithium sampled in the upper aquifer, at between approx. 55 to 230 metres depth; and Up to 517 mg/l Lithium sampled in the lower aquifer, from approx. 265 to at least approx. 325 metres depth. Drilling is progressing to basement depth in the lower aquifer. These lithium rich brines are contained mostly in sandstones and fine gravels, which have porosity and permeability levels that are typically favourable for brine extraction. Lithium Energy is highly encouraged by the generally increasing Lithium concentrations at depth and the low Mg/Li ratios, which are positive in relation to future potential processing options. Lithium Energy is also confirmed it has secured a second drill rig, which is scheduled to mobilise to site during November 2022 to accelerate the drilling programme. The next 2 drill holes will be located to the north of SOZDD001, to test deeper conductive targets interpreted to contain lithium rich brines within the Chico 1 and Chico 5 concessions. Assay Results: Lithium Energy continued to receive progressive assay results as drilling continues in the maiden drill hole, with new assay results now having been received from Packer Samples 7, 8 and 9. These assay results show Lithium concentrations of up to 555 mg/l. The increase in Lithium concentration, conductivity and density generally at depth is encouraging as it indicates a hydraulically linked system with heavier brines (with higher concentrations of lithium) sinking to the bottom of the aquifer. Furthermore, measured flow test rates of up to approximately 17 litres/minute through a restricted hose are a positive indicator for potential future brine extraction. Core logging has confirmed: a total approx. 175 metres of sandstones and fine gravels between approx. 55 to 230 metres in an upper aquifer, with the majority of the units being uniform lithium brine hosting sandstone units, with localised banding of thin mudstones and carbonate layering; a approx. 35 metre mudstone (seal) unit between approx. 230 to 265 metres, which separates the lower and upper aquifers; and the primary target lithium brine hosting Deep Sandstone unit extending from approx. 265 to at least 325 metres in the lower aquifer. Lithium Energy is continuing to drill into the lower aquifer and will progressively assay for lithium concentrations down hole as drilling progresses. Sampling of encountered brines is being conducted by the use of double packers and single packers, depending on the condition of the drill hole. Testing of brines for conductivity, flow rates and density are being undertaken in the field. Testing of the chemical composition (particularly Lithium, Potassium, Magnesium concentrations) of brines are being undertaken at a local laboratory. Lithium Energy is also routinely (approximately every 8 metres) preparing core samples for brine extraction and chemical analysis and specific yield and porosity testwork. Core samples are encased to prevent fluid loss to ensure the brine material can be extracted by centrifugal measures. The core samples will be sent to a US-based laboratory for specific analysis/testwork that is currently unable to be performed in Argentina. The core sample analysis/testwork results and packer readings will form the basis, when compiled with the geological logging and the geophysical borehole logging, for a characterisation of the drilled aquifers in terms of grade distribution and porosity/specific yield. These testwork will provide the detailed information which are necessary for the delineation of the maiden JORC Mineral Resource for Solaroz. Drill Hole Stratigraphy: The lithology stratigraphy of the maiden drill hole is illustrated in Figure 1 below with the drill hole currently at a depth of approx. 335 metres and drilling continuing to the basement of the lower aquifer. Solaroz Project Location: Lithium Energy's Solaroz Lithium Brine Project is located in Argentina in the heart of South America's world renowned Lithium Triangle (Solaroz). Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation on the Salar de Olaroz basin (Olaroz Salar). Tillkännagivande • Oct 31
Lithium Energy Limited (ASX:LEL) acquired Solaroz Lithium Brine Project in Argentina for $3.84 million. Lithium Energy Limited (ASX:LEL) acquired Solaroz Lithium Brine Project in Argentina for $3.84 million on October 31, 2022.
Lithium Energy Limited (ASX:LEL) completed the acquisition of Solaroz Lithium Brine Project in Argentina for $3.84 million on October 31, 2022. Tillkännagivande • Oct 19
Lithium Energy Limited Confirms Initial Assay Results Confirm Significant Levels of Lithium Brine Concentrations in Excess Lithium Energy Limited confirmed that initial assay results confirm significant levels of Lithium brine concentrations in excess of 400 mg/l hosted in the porous sandstones encountered between 55 to 228 metres depth in the first drillhole at Lithium Energy's Solaroz Lithium Brine Project, located in Argentina in the heart of South America's world renowned Lithium Triangle (Solaroz). Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation on the Salar de Olaroz basin (Olaroz Salar). Lithium Energy is highly encouraged by these early assay results, especially the significant Lithium concentrations and low Mg/Li ratios, both of which are positive in relation to future potential processing options. The Company is also pleased to note that these significant lithium grades have been encountered prior to drilling penetrating the primary target zone contained in the previously interpreted "Deep Sandstone" lower aquifer. Drilling is now advancing in the first hole to test this primary target beneath a thick mudstone (seal) unit located from 230 metres depth, which effectively has isolated the upper aquifer from the previously interpreted "Deep Sandstone" lower aquifer unit. Drilling at the first diamond drill hole (borehole SOZDD001) within the Mario Angel concession at Solaroz has currently reached a depth of 250 metres. Whilst Lithium Energy commenced drilling with an initial target depth of 300 metres, the proposed hole depth to the basement of the interpreted Deep Sandstone lower aquifer has now been increased to 400 metres based upon a review of recent geophysics data. Initial assay results for this first hole have now been received, for samples taken from 65 to 170 metres in depth. These results have confirmed that lithium rich brines exist as part of an `upper aquifer' hosting lithium concentrations of up to 416 mg/l. These lithium rich brines are contained mostly in sandstones and fine gravels, which have porosity and permeability levels that are typically favourable for brine extraction. Sampling of encountered brines in the upper aquifer were conducted by the use of double packers. Samples were sent to a local laboratory to test the chemical composition (particularly Lithium, Potassium, Magnesium concentrations). Core samples will be sent to a separate US-based laboratory for centrifuge brine extraction and porosity testwork. Tillkännagivande • Oct 12
Lithium Energy Limited Announces Drilling Continues Towards Target Depth in Hole 1 at Solaroz Lithium Brine Project Lithium Energy Limited confirmed that drilling has resumed at the first drill hole of Lithium Energy's Solaroz Lithium Brine Project (Solaroz), after clearing through interlayered carbonate/sandstone layers encountered at approximately 177 metres depth. Packing sampling is currently being undertaken at a depth of approximately 215 metres before diamond HQ core drilling continues towards the target depth of approximately 300 metres. Located in Argentina in the heart of South America's world renowned Lithium Triangle, Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation on the Salar de Olaroz basin (Olaroz Salar). As reported on 5 October 20221, drilling at the first diamond drill hole (borehole SOZDD001) within the Mario Angel concession at Solaroz encountered approximately 105 metres of highly conductive brines between approximately 65 to 170 metres (contained mostly in sandstones and fine gravels, which lends themselves to positive porosity and permeability levels for future brine extraction) and was suspended at a depth of approximately 177 metres, after engaging interlayered carbonate/sandstone. The geophysical work to date together with lithology determined through current drilling indicates that the initial approximately 105 metres of conductive brines form an `upper aquifer' with a further significant zone of conductive brines expected to extend in a `lower aquifer' from approximately 177 metres to target drill depth of approximately 300 metres. If the lithology remains consistent as expected, this will present as a further outstanding brine intersection. Subsequent to the completion of packer sampling of this upper aquifer, drilling has resumed through the expected lower aquifer with a target hole depth of approximately 300 metres. This first hole, of a planned 10 hole, 5,000 metre initial drilling programme, is located approximately 10kms from Allkem's Olaroz Lithium Facility production bore field and less than ~3km from the Maria Victoria concession which was recently acquired by Allkem as a `strategic lithium tenement. Tillkännagivande • Sep 23
Lithium Energy Limited Confirms Drilling Progressing on Schedule at Solaroz Lithium Brine Project Lithium Energy Limited confirmed drilling is progressing well and on schedule at Lithium Energy's highly prospective Solaroz Lithium Brine Project, located in Argentina in the heart of South America's world renowned Lithium Triangle (Solaroz). Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation on the Salar de Olaroz basin (Olaroz Salar). Drilling is currently underway at the first hole (borehole OZDH001) within the Mario Angel concession at Solaroz. The drilling has reached a depth of 60 metres on schedule where the pre-collar is being cemented in place, in order to isolate any fresh or brackish water and to prevent dilution with the sampling and assaying of the deeper brines. This is consistent with interpretation of the TEM geophysics recently undertaken by Lithium Energy, which indicates that brackish water is likely to be encountered within the first 50 60 metres of drill hole OZDH001, with more conductive material expected below this depth. After the pre-collar has been "set" with concrete, Lithium Energy will advance to drill test to a depth of 350 - 400 metres below surface with HQ Diamond Core. Drilling to target depth is expected to take a further ~3 weeks. On completion of the drill hole, geophysical logging will be undertaken to determine the width and physical parameters of individual aquifers identified, which will be sampled using single and/or double packers. The drill hole will then be cased with PVC as a monitoring bore for flow testing. This first hole, of a planned 10 hole, 5,000 metre initial drilling programme, is located approximately 10kms from Allkem's Olaroz Lithium Facility production bore field and less than ~3km from the Maria Victoria concession which was recently acquired by Allkem as a `strategic lithium tenement'. Lithium Energy is presently seeking to secure an additional drilling rig (or rigs) to accelerate the initial (10 hole, 5,000 metre) drilling programme and to drill additional holes at target areas across the Solaroz concessions. Discussions are presently being advanced with multiple contractors in this regard. Tillkännagivande • Sep 08
Lithium Energy Limited Commences Drilling at Solaroz Lithium Brine Project Lithium Energy Limited announced the mobilization of a drilling rig to site for the commencement of drilling at its highly prospective Solaroz Lithium Brine Project, located in Argentina in the heart of South America's world renowned Lithium Triangle (Solaroz). Commencement of Drilling at Mario Angel Concession: A drilling rig is mobilising to site and upon arrival will begin preparations to commence drilling borehole OZDH001 within the Mario Angel concession. This first hole, of a planned 10 hole, 5,000 metre initial drilling programme, is located adjacent to Allkem's existing production assets (approximately 10kms from its production bore field) and less than approximately 3km from the Maria Victoria concession which was recently acquired by Allkem as a `strategic lithium tenement. The recent interpretation of geophysical surveys undertaken at this drill location together with its close proximity to Allkem's production assets, leads Lithium Energy to believe this site to be highly prospective for lithium bearing brines. The initial 5,000 metre drilling programme comprises a combination of 10 diamond and rotary holes, undertaken by a drilling contractor with extensive experience in the Olaroz Salar. This drilling will test the extent and grades of lithium mineralisation, porosity and flow rates across the layer(s) of conductive brines which have been previously identified through a geophysics programme undertaken by Lithium Energy. This information will then be interpreted to develop a potential maiden JORC Mineral Resource for Solaroz. Interpretation of the TEM geophysics recently undertaken by Lithium Energy indicates that brackish water is likely to be encountered within the first 50 60 metres of drill hole OZDH001, with more conductive material expected below this depth. A 50 metre pre-collar will therefore be drilled and cemented off first, in order to isolate any fresh or brackish water and to prevent dilution with any sampling and assaying of the deeper brines. After the pre-collar has been "set" with concrete, Lithium Energy is proposing to drill test to a depth of 350 - 400 metres below surface with HQ Diamond Core. Drilling to target depth is expected to take approximately 4 weeks. Previous exploration by other companies in the Olaroz Salar indicates that the upper portions of the salar sediments are typically intermixed clay rich sediments and thin sandstone units, which bulk up and can represent a broad upper brine target. Towards the base of the salar sediments is the main exploration target, the "Deep Sand Unit", followed by the base of the salar, and then the Tertiary Basement units. On completion of the drill hole, geophysical logging will be undertaken to determine the width and physical parameters of individual aquifers identified, which will be sampled using single and/or double packers. The drill hole will then be cased with PVC in order to make it available as a monitoring bore in the eventuality of it being required for flow tests. Whilst drill hole OZDH001 is progressing, Lithium Energy will continue interpreting the recent geophysics results to determine optimal location for subsequent drill holes in the 5,000 metre drilling programme. Tillkännagivande • Aug 19
Lithium Energy Limited Provides an Update on the Progress of Its Exploration Programme At Its Highly Prospective Solaroz Lithium Brine Project, Located in Argentina Lithium Energy Limited provided an update on the progress of its exploration programme at its highly prospective Solaroz Lithium Brine Project, located in Argentina in the heart of South America's Lithium Triangle (Solaroz). Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation. The objective of the exploration programme is to define a maiden JORC Mineral Resource of lithium from its substantial 12,000 hectare concession area on the Salar de Olaroz basin (Olaroz Salar), where Allkem Limited (formerly Orocobre Limited) has been producing lithium since 2015 (under a joint venture with Toyota Tsusho Corporation and Lithium Americas Corporation is advancing its Cauchari- Olaroz development project (under a joint venture with Ganfeng Lithium). Lithium Energy has previously defined an Exploration Target1 for Solaroz of: 1.5 to 8.7 million tonnes of contained Lithium Carbonate Equivalent (LCE) based on a range of lithium concentrations of between circa 500 mg/L Lithium (Li) and 700 mg/L Li, based primarily on Lithium Energy's assessment of the results of previous exploration work undertaken by Allkem and Lithium Americas in the neighbouring area on the Olaroz Salar. The Exploration Target's potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Lithium Energy is pleased to advise of highly encouraging results received to date from the interpretation of Passive Seismic and Transient Electromagnetic geophysics (TEM)2 surveys undertaken across Solaroz. These results have confirmed the presence of significant quantities of conductive brines in the Solaroz concession area. Conductive brines such as those currently being mined by Allkem in adjoining concessions are a key pathfinder for the occurrence of lithium in the Olaroz Salar. In particular, geophysics interpreted to date indicates that the Olaroz Salar over its growth history has been influenced by basement growth faults that have locally influenced the thickness of the sedimentary units in the basin. Because of this, portions of the Olaroz Salar in the Solaroz concession area have locally thickened sedimentary units which appear to have locally increased the thickness of the brine hosting units. Thicknesses of interpreted brine within the Solaroz concession area of up to 300 metres and to depths up to 500 metres below surface have been identified, which Lithium Energy believes is highly encouraging for the potential establishment of a significant maiden JORC Mineral Resource for Solaroz. Lithium Energy is highly encouraged by these early results, as they support the conceptual geological model for Solaroz, which was principally based upon previous exploration undertaken by Allkem on concessions neighbouring the Solaroz concession areas by Allkem. Lithium Energy's conceptual geological model posits that the geological structures which host the lithium rich brines which are currently being mined by Allkem at the Olaroz Salar, extend under the Solaroz concession area. Furthermore, the results interpreted to date are consistent with and support Lithium Energy's Exploration Target for Solaroz referred to above. Lithium Energy will continue to collect and interpret the passive seismic and TEM survey data across the remainder of the Solaroz concession area, to build up a complete three-dimensional model of the potentially lithium rich conductive brines at Solaroz. The interpretation of the geophysics data collected to date has enabled Lithium Energy to now finalise the optimal locations for the commencement of its planned 5,000 metre drilling programme. The initial drilling programme will comprise a combination of diamond and rotary holes, to be undertaken by a selected drilling contractor the Company has secured and with extensive experience in the Olaroz Salar. Site preparation works for commencement of drilling are currently underway, with the drilling rig expected to be mobilised to site shortly. This drilling will test the extent and grades of lithium mineralisation, porosity and flow rates across the layer(s) of conductive brines which have been identified by the geophysics. This information will then be interpreted to develop a potential maiden JORC Mineral Resource for Solaroz. Tillkännagivande • Aug 11
Lithium Energy Limited, Annual General Meeting, Oct 12, 2022 Lithium Energy Limited, Annual General Meeting, Oct 12, 2022. Tillkännagivande • Jul 27
Lithium Energy Limited Provides an Update on the Progress of Its Exploration Programme At Its Highly Prospective Solaroz Lithium Brine Project Lithium Energy Limited provided an update on the progress of its exploration programme at its highly prospective Solaroz Lithium Brine Project, located in Argentina in the heart of South America's Lithium Triangle (Solaroz). Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation. Exploration Objective; The objective of the exploration programme is to define a maiden JORC Mineral Resource of lithium from its 12,000 hectare concession area on the Salar de Olaroz basin (Olaroz Salar), where Allkem Limited (formerly Orocobre Limited) has been producing lithium since 2015 (under a joint venture with Toyota Tsusho Corporation) and Lithium Americas Corporation is advancing its Cauchari-Olaroz development project (under a joint venture with Ganfeng Lithium). The Company has previously defined an Exploration Target for Solaroz of: 1.5 to 8.7 million tonnes of contained Lithium Carbonate Equivalent (LCE) based on a range of lithium concentrations of between circa 500 mg/L Lithium (Li) and 700 mg/L Li, based primarily on Lithium Energy's assessment of the results of previous exploration work undertaken by Allkem and Lithium Americas in the neighbouring area on the Olaroz Salar. The Exploration Target's potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource The planned exploration works will be conducted as part of a programme to validate and refine the size of any potential lithium bearing brines in the Solaroz concessions. Exploration Programme: The first stage of the exploration programme comprises Passive Seismic surveys, which are currently nearing completion across the 12,000 hectare Solaroz concession area to determine the base of the underlying basement rock, with the basement defining the theoretical depth limit of potential lithium mineralisation. Processing of the passive seismic data currently being collected on site is progressing and more detailed results relating to the measured basement depths will be announced in due course. Transient Electromagnetic geophysics (TEM) surveys are also currently underway over the Solaroz concessions. The TEM surveys comprise sampling at approximately 500 metre spacing across the concession package. TEM measures electrical conductivity at depth and will be used to identify the depth of conductive brines (i.e. salty water with low electrical resistivity) above the basement rocks identified by the Passive Seismic programme. Conductive brines such as those currently being mined by Allkem in adjoining concessions are a key pathfinder for the occurrence of lithium in the Olaroz Salar. Lithium Energy is expecting to then undertake a drilling programme of approximately 5,000 metres, with a combination of diamond and rotary holes. The drilling will test the extent and grades of lithium mineralisation, porosity and flow rates across the layer(s) of conductive brines. This information will then be interpreted to develop a maiden JORC Mineral Resource for Solaroz. A drilling rig has been secured from an experienced local contractor and will be mobilised to site once the interpretation of the passive seismic and TEM surveys are complete. Environmental Monitoring: Lithium Energy is fully committed to maintaining the highest standards of environmental sustainability during its exploration programme at Solaroz. As previously reported in April this year, the Company received the last of the Environmental Impact Assessment (EIA) approvals from the local Jujuy Provincial Government Mining Authority required to undertake exploration works across all of its 8 concessions at its Solaroz Project. Following receipt of these approvals, Lithium Energy has conducted a series of environmental monitoring surveys across the Solaroz concessions (including collecting water and air samples, flora and fauna surveys), to act as a baseline for environmental monitoring during the exploration works. Tillkännagivande • May 09
Lithium Energy Limited Announces That Geophysics Expanded as LEL Prepares for Lithium Drilling Lithium Energy Limited updated on the progress of its exploration programme at its highly prospective flagship Solaroz Lithium Brine Project located in Argentina in the heart of South America's Lithium Triangle (Solaroz Project). key highlights: Lithium Energy's Solaroz Lithium Brine Project is located in the highly prospective Lithium Triangle in Argentina and is directly adjacent to or principally surrounded by lithium majors Allkem Limited and Lithium Americas Corporation; High priority drill targets are now being finalised through a geophysics programme at Solaroz for the upcoming drilling program; Passive Seismic will be used initially to identify and determine the depth of the underlying basement rock, being the theoretical lower limit of potential lithium mineralisation; Passive Seismic has already been completed on the Payo concession with the results encouragingly consistent with previous geophysical results published by lithium majors Allkem Limited and Lithium Americas Corporation over nearby areas in the Olaroz Salar; The passive Seismic programme is now being expanded to the other 7 concessions and which is expected to be completed in the next ~3 to 5 weeks; TEM surveys will then be used to identify the best location and greatest widths of potential lithium-hosting conductive brines for drilling; Executed agreement with a Geophysics company to commence TEM surveys across all Solaroz concessions in the second half of May 2022; In the process of finalising arrangements with drilling contractors for a ~5,000 metre drilling programme to commence after the TEM surveys are completed. The objective of the exploration programme is to define a maiden JORC Mineral Resource of lithium from its 12,000 hectare concession area on the Salar de Olaroz basin (Olaroz Salar), where Allkem Limited (ASX/TSX:AKE) (formerly Orocobre Limited) has been producing lithium since 2015 (under a joint venture with Toyota Tsusho Corporation (TYO:8015)) and Lithium Americas Corporation (TSX/NYSE:LAC) is advancing its Cauchari-Olaroz development project (under a joint venture with Ganfeng Lithium). based primarily on the results of previous exploration work undertaken by Allkem and Lithium Americas in the neighbouring area on the Olaroz Salar. The Exploration Target's potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource The current exploration programme is planned to validate the underlying conceptual model behind the Exploration Target and upgrade the target to a maiden JORC Mineral Resource. The first stage of the programme comprises Passive Seismic surveys to determine the base of the underlying basement rock beneath the whole of the concession package, with the basement defining the theoretical limit of potential lithium mineralisation. A Passive Seismic survey has already been completed on the Payo concession in the south-east corner of the Olaroz Salar. Interpretation of the results from this survey have confirmed the depth of the basement underneath this concession of up to approximately 150 metres, which is encouragingly consistent with the Company's understanding of the Olaroz Salar geometry based upon previous exploration work by Allkem and Lithium Americas. Passive Seismic surveys across the remaining concessions are planned to commence shortly, with the site surveys expected to take approximately 2 - 3 weeks to complete. Once the survey and associated processing and interpretation are complete, the Company expects to have a detailed three-dimensional model of the geometry of the basin underneath its extensive concession area. The Company is also pleased to report that it has executed a contract with a geophysics contractor to undertake a programme of Transient Electromagnetic geophysics (TEM) over the Solaroz concessions, commencing in the second half of May 2022. The TEM survey will comprise sampling at approximately 500 metre spacing across the concession package. TEM measures electrical conductivity at depth and will be used to identify the depth of conductive brines (i.e. salty water with low electrical resistivity) beneath the Solaroz concessions. Conductive brines are a key pathfinder for the occurrence of lithium in the Olaroz Salar. The TEM programme across the Solaroz concessions is expected to take approximately 4 - 6 weeks to complete. Once results from the TEM have been interpreted, the Company will expect to have a detailed three-dimensional model of the location and extent of conductive brines prospective for lithium mineralisation, for targeting with drilling. Lithium Energy is expecting to then undertake a drilling programme of approximately 5,000 metres, with a combination of diamond and rotary holes. The drilling will test the extent and grades of lithium mineralisation, porosity and flow rates across the layer(s) of conductive brines. This information will then be interpreted to develop a maiden JORC Mineral Resource for Solaroz. Lithium Energy has met with and received proposals from a number of suitably qualified drilling contractors based in Argentina that have experience in drilling salar hosted brines, with the objective of securing a rig or rigs to undertake a approximately 5,000 metre drilling programme once the TEM survey has been completed. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Director Pete Smith was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 06
Lithium Energy Limited Receives A Second Environmental Impact Assessment Approval from the Local Jujuy Provincial Government Mining Authority to Undertake Exploration Works At Its Solaroz Lithium Brine Project in Argentina Lithium Energy Limited reported that it has received a second Environmental Impact Assessment (EIA) approval from the local Jujuy Provincial Government Mining Authority to undertake exploration works at its Solaroz Lithium Brine Project in Argentina (Solaroz). Approval has now been received from the Provincial Authority to commence exploration works on the Mario Angel tenement (543 hectares) which is located at the western side of the Salar de Olaroz basin (Olaroz Salar) and is ~6kms west from the Allkem's lithium brine production bore fields used for extraction of lithium brine from the Olaroz Salar for subsequent processing at Allkem's Olaroz Lithium Processing Facility. Mario Angel is the second (after Payo) of 8 mineral tenements located in the Olaroz Salar held by Lithium Energy. With the receipt of this second EIA approval, Lithium Energy expects approvals for the remaining 6 tenements to be received shortly. The Government approval allows Lithium Energy to commence a programme of mapping, geophysics and drilling over the Mario Angel tenement, which aims to significantly contribute to the Company's understanding of the underlying hydrogeological and geochemical characteristics of the brine rich aquifer that comprises the Olaroz Salar underneath the Solaroz tenements. Mario Angel Tenement Location: Lithium Energy notes that Allkem recently released an update to their Olaroz Resource, in which they substantially expanded the resource in the Olaroz Salar and confirmed strong project economics for expansion of production. The results from this update provide further support for Lithium Energy's conceptual Exploration Target, with the area defined by Allkem for their Updated 2022 Resource Outline extending close or adjacent to tenements held by Lithium Energy. Exploration Approval - Remaining Tenements: Lithium Energy considers that the approvals received for exploration works to commence at the Payo and Mario Angel tenements confirms the support of the local Jujuy Government for the advancement of the Solaroz Project and expects that the remaining six (6) approvals will be received shortly. Exploration Work Planned to Validate Exploration Target: Lithium Energy proposes to test the proposition that the aquifer which supplies the lithium-rich brine being extracted by Allkem extends under the Company's Solaroz tenements. This will be tested by geophysical work and drilling with a view to fast tracking production of lithium carbonate dependent upon these works being successfully concluded. In anticipation of the remaining exploration approvals being granted, Lithium Energy is engaging with local geophysics and drilling contractors to prepare for the advancement of exploration works across the whole Solaroz project. n extensive work programme will be conducted, aimed at locating potentially lithium bearing brines of conomic interest and obtaining preliminary information related to the hydrogeological and geochemical haracteristics of the brine rich aquifer that comprises the Olaroz Salar underneath the Solaroz tenements, including: Geophysical surveys to define the basin basement morphology and thickness of the hydrogeological units that have the potential to contain brines of economic interest; and an exploration drilling campaign based on the results from previous work, to assess the distribution and geochemistry of the brine and to obtain data related to basic physical parameters of the different hydrogeological units. Lithium Energy will also undertake an assessment of relevant mine economic criteria to assist in developing a pathway to the completion of feasibility study(s), including the delineation of a maiden Mineral Resource. Tillkännagivande • Feb 08
Lithium Energy Limited Receives First Approvals for Exploration to Start At Solaroz Lithium Lithium Energy Limited reported that it has received Environmental Impact Assessment approval from the local Jujuy Provincial Government Mining Authority to commence exploration works at its Solaroz Lithium Brine Project in Argentina. Solaroz is located within South America's `Lithium Triangle' in North-West Argentina in the Salar de Olaroz basin and is directly adjacent to or principally surrounded by two world class lithium brine projects, being the current production assets of Allkem Limited and the advanced lithium brine development project held by Lithium Americas Corporation Approval has been received for the Payo tenement, which is located 7kms from the Lithium Processing Facility of Allkem. Payo is the first of 8 mineral tenements (12,000 hectares in total) located in the Olaroz Salar held by Lithium Energy. With the receipt of this first EIA approval, Lithium Energy expects approvals for the remaining tenements to be progressively received within First Quarter 2022. In anticipation of the exploration approvals being granted, Lithium Energy has already engaged with local geophysics and drilling contractors to prepare for the commencement of exploration works. The Company will now schedule the first stage of exploration works on the Payo tenement and will provide further updates once these activities commence. Lithium Energy notes that the long-term fundamentals for Lithium demand remain strong, driven primarily by continued growth in the electric vehicle and energy storage industries. Exploration Approval - Payo Tenement: Lithium Energy has received EIA approval from Provincial Jujuy Mining Department to commence exploration works on the Payo tenement (990 hectares), which is located at the south-eastern corner of the Olaroz Salar and ~7kms from the Allkem Lithium Processing Facility. The Government approval allows Lithium Energy to commence a programme of mapping and geophysics over the Payo tenement, which aims to significantly contribute to the Company's understanding of the underlying hydrogeological and geochemical characteristics of the brine rich aquifer that comprises the Olaroz Salar underneath the Solaroz tenements. Lithium Energy proposes to commence exploration shortly, after the completion/submission of an initial baseline environmental monitoring programme/plan. Exploration Approval - Remaining Tenements: In relation to the EIA approval for exploration works (including drilling) to commence at the remaining Solaroz tenements, the further community engagement required by the Jujuy Mining Director is currently progressing positively. Lithium Energy considers that the approval now received for exploration works to commence at the Payo tenement confirms the support of the local Jujuy Government for the advancement of the Solaroz Project. With this support and the recent positive progression with community engagement, Lithium Energy expects that the required EIA approvals for these remaining tenements will follow in First Quarter 2022. Exploration Work Planned to Validate Exploration Target: Lithium Energy proposes to test the proposition that the aquifer which supplies the lithium-rich brine being extracted by Allkem extends under the Company's Solaroz tenements. This will be tested by geophysical work and drilling with a view to fast tracking production of lithium carbonate dependent upon these works being successfully concluded. Tillkännagivande • Dec 23
Lithium Energy Limited Provides Burke Graphite Project Update Lithium Energy Limited provided an update on proposed activities for its Burke Graphite Project (Burke) comprising Burke Tenement (EPM 25443) and Corella Tenement (EPM 25696). The Burke Tenement contains one of the highest-grade graphite deposits globally, with a 6.3Mt JORC Inferred Mineral Resource Grade of 16% Total Graphitic Carbon (TGC), within which there is a highergrade component of 2.3Mt @ 20.6% TGC. The Corella Tenement contains widespread outcropping graphite with a previous electromagnetic survey highlighting an area of approximately 1,000m x 500m within which conductive features similar to those corresponding to high-grade graphite occurring at the Burke Tenement have been identified, which now requires follow up drilling to delineate graphite resource size and grade. Test work previously announced by the Company3 to optimise the potential production of battery grade graphite is progressing well. Using a laboratory flotation process, high purity graphite concentrate from previous drill core samples taken from the Burke Tenement is currently being produced. This graphite concentrate will be used by CSIRO to undertake a programme of spheronisation and purification testwork required to demonstrate to potential graphite purchasers the benefits of the natural flake graphite from the Burke Tenement for use in lithium ion batteries. This CSIRO work is being 50% funded by CSIRO through the Kick-Start Program. Lithium Energy has prepared a drilling programme to upgrade part of the JORC Inferred Mineral Resource at its Burke Tenement to a higher standard JORC Indicated Mineral Resource category. This resource upgrade will facilitate the completion of the planned studies which are being undertaken by the Company to confirm the commercial viability of establishing a PSG manufacturing operation using its very high grade Burke Tenement graphite as feedstock material. In particular, the resource upgrade is required to finalise the annualised production capacity of the proposed manufacturing facility using the Burke Tenement graphite. The drilling programme is expected to commence in the first quarter of 2022, once necessary access permits and approvals have been received. Lithium Energy expects to drill approximately 2,000 metres across 15 holes, to a maximum depth of 150 metres. The Company is also optimising the drill programme using 3D modelling and pit optimisation studies. In addition to the drilling on the Burke Tenement, Lithium Energy is also planning a drilling programme at the Corella Tenement located approximately 150km south of the Burke Tenement. A ground Electro Magnetic (EM) survey was completed in June 2018 at the north east corner of the Corella Tenement, covering outcropping and sub-cropping Geological Survey of Queensland mapped Graphitic Schists - the "Milo beds" - within the Corella Formation.4 The Milo beds (Graphitic Schist) form a shallow dipping sequence within the Tommy Creek block of the Mt. Isa Inlier. They form part of the Corella Formation which have been intruded by gabbro dykes and sills and with subsequent metamorphism to amphibolite grade during the Isan Orogeny. Tillkännagivande • Sep 27
Lithium Energy Limited Provides an Update on Proposed Activities Planned for Its Burke Graphite Project and the Burke Tenement Lithium Energy Limited provided an update on proposed activities planned for its Burke Graphite Project (Burke) and the Burke tenement (EPM 25443), which contains a JORC Inferred Mineral Resource. The Burke Deposit: The Burke Graphite Deposit is one of the highest-grade graphite deposits globally, with a JORC Inferred Mineral Resource of 6.3Mt @ 16.0% Total Graphitic Carbon (TGC) (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite (including a high grade component of 2.3Mt @20.6% TGC). Proposed Further Lithium-Ion Testwork: Lithium Energy is pleased to advise that it has entered into a new Research Agreement with CSIRO to undertake further work, including attempting spheronisation and purification of Burke natural graphite particles and electrochemical testwork. This spheroidisation of the natural graphite flakes will, through a mechanical process, shape the graphite into `potato-like' structures with the objective of easier processing of Burke natural graphite flakes into electrode materials to reduce capacity losses and enhance cell efficiency. This work comprises a key component required to demonstrate to potential graphite purchasers the benefits of the natural flake graphite within the Burke Deposit. Burke Deposit Details: The Burke tenement is located in northwest Queensland (125 km north of Cloncurry) and is one of the highest-grade graphite deposits in the world held by an Australian listed company. The Burke Deposit presents the opportunity for Lithium Energy to participate in the anticipated growth in demand for graphite and graphite related products particularly with respect to the production of Lithium-ion batteries where graphite is the largest single component by weight. A JORC Inferred Mineral Resource has been defined for the Burke Deposit: 6.3 million tonnes @ 16.0% Total Graphitic Carbon (TGC)(with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. In addition to the exceptionally high-grade nature of the deposit, the Burke Deposit: Comprises natural graphite that has been demonstrated to be able to be processed by standard flotation technology to international bench mark product categories. The flotation tests previously conducted by IMO have confirmed that a concentrate of purity in excess of 95% and up to 99% TGC can be produced using a standard flotation process. Contains graphite from which Graphene Nano Platelets (GNP) have been successfully extracted direct from the Burke Deposit via Electrochemical Exfoliation (ECE). The ECE process is relatively low cost and environmentally friendly compared to other processes, yet it can produce very high purity Graphene products. The ECE process is however not applicable to the vast majority of worldwide graphite deposits as it requires a TGC of over 20% and accordingly the Burke Deposit has potentially significant processing advantages over other graphite deposits. Is located in the relatively safe and mining friendly jurisdiction of Queensland, Australia with well-developed transport infrastructure and logistics nearby. Is potentially amenable to low cost open-pit mining. Tillkännagivande • Jun 09
Lithium Energy Limited Announces Substantial Lithium Exploration Target Identified At Solaroz Lithium Energy Limited announced that, it has established a conceptual Exploration Target for its Solaroz Lithium Brine Project located in Argentina (Solaroz Project) of: 1.5 to 8.7 million tonnes (Mt) of contained Lithium Carbonate Equivalent (LCE) ased on a range of lithium concentrations of between circa 500 mg/L Lithium (Li) and 700 mg/L Li. The Exploration Target's potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. This Exploration Target demonstrates the potential world-class scale of the Solaroz Project and has been arrived at after a detailed examination of extensive geological data that exists in relation to the brine rich lithium aquifer that comprises the Salar de Olaroz Basin (Olaroz Salar), including a review of historical exploration in the Olaroz Salar and a detailed review of reported results from geophysical surveys undertaken by Orocobre Limited and Lithium Americas Corporation Lithium Energy has assessed relevant open file Geophysics and exploration information in relation to the Olaroz Salar, including a number of Gravity and Audio-frequency Magnetotellurics (AMT) surveys conducted by Orocobre, some of which were undertaken over or closely adjacent to Lithium Energy's Solaroz tenements. Geological modelling undertaken by Lithium Energy indicates the potential for a lithium-brine hosting Deep Sand Unit to occur beneath surfical material at depths from 200 - 400m over a large proportion of
the Solaroz tenements. Based upon Lithium Energy's assessment, the Exploration Target has an upper case estimate of approximately 8.7Mt of Contained Lithium Carbonate (LCE) at approximate concentrations of 700mg/L
Li and a lower case estimate of approximately 1.5Mt of LCE at an approximate concentration of 500mg/L Li. The Lithium Energy Exploration Target is based on the interpretation that the alluvial deposits upon which the Solaroz Concessions are located (at the North-West corner of the Olaroz Salar) have been deposited relatively recently and lie directly above the productive Deep Sand Unit of the lithium rich aquifer from which Orocobre is extracting its brine. Porosity is a vital measurement in determining a brine resource and it is important to understand the difference between definitions of porosity. Only part of the total porosity consists of interconnected pores that can be drained. The drainable porosity component is referred to as the specific yield (Sy) - the proportion of water that can be yielded when the aquifer is pumped. Extensive Sy measurements were previously made in the Olaroz Salar by Orocobre for the Sy value of different sediment types. An average Sy of 10% was estimated for the Lower Assumption Case. For the Upper Assumption Case, an average Sy of 20% was estimated for the Deep Sand unit, taking into
account the various porosity ranges encountered to date by other companies operating in the Olaroz Salar and Salar de Cauchari when intersecting the Deep Sand Unit. The Olaroz Salar originated as a structurally bounded, closed basin during the late Paleogene-Early Neogene. During much of the Miocene it appears to have slowly filled with medium to coarse grained alluvial fans and talus slopes eroded from the surrounding mountain ranges. As the basin was filled the sediments became progressively finer grained, braid-plain, sandflat, playa and fluvial architectures are noted in the Upper Miocene and Pliocene. As the climate became more arid during the Pliocene evaporitic deposits first appeared. Normal faulting and ongoing up lift proximal to the current salar created additional depositional space, which filled with sedimentation within the closed lake/basin. Tillkännagivande • May 26
Lithium Energy Limited Reviews Reports Results from Various Geophysical Surveys and Drilling Data Previously Undertaken in the Salar De Olaroz Basin Lithium Energy Limited reviewed reported results from various geophysical surveys and drilling data previously undertaken in the Salar de Olaroz Basin (Olaroz Salar) by its neighbours Orocobre Limited (Orocobre) and Lithium Americas Corporation (Lithium Americas) has been completed by the Company. These works were undertaken as a preliminary exercise to the Company providing a conceptual exploration target for Lithium Energy's Solaroz Lithium Brine Project (Solaroz). These previous exploration works include a combination of Gravity and Audio-frequency Magnetotellurics (AMT) surveys with follow on drilling undertaken by Orocobre in the Olaroz Salar, including a number of geophysical studies undertaken over or closely adjacent to Solaroz tenements held by Lithium Energy. The review has strengthened the Company's belief that its Solaroz tenements lie over the same lithium- rich aquifer within the Olaroz Salar from which Orocobre has been extracting and processing lithium-rich brine for sale as lithium carbonate since 2015 and from which Lithium Americas plans to draw upon for its neighbouring development project. The Company expects to shortly be in a position to announce a conceptual Exploration Target, based upon its review and analysis of the published Orocobre and Lithium Americas exploration reports. The presence of the Deep Sand Unit in the Olaroz Salar has been confirmed by exploration works undertaken by Orocobre and Lithium Americas. The Company notes that the Rosario Fan Delta at the northern end of the Olaroz Salar and over which the Solaroz Payo 1 and Payo 2 tenements are situated, contains the interpreted paleo channel through which brines are interpreted to have likely flowed from the north into the Deep Sand Unit within both the Olaroz Salar and neighbouring Salar de Cauchari to the south. 