Smackover Lithium, a three way partnership (JV) between Commonplace Lithium and Norwegian vitality firm Equinor has accomplished sampling from its latest exploration effectively within the South West Arkansas (SWA) Venture space and has recorded the best lithium focus up to now at 616 mg/L lithium in brine.
The Lester effectively was accomplished within the second quarter of this yr and concludes all sub-surface exploration actions for Part 1 of the SWA Venture.
Sampling of brines and subsequent evaluation of the brine by an unbiased third-party licensed laboratory demonstrated increased than anticipated lithium concentrations within the Lester brine. The typical lithium focus from three brine samples was 582 mg/L.
“We accomplished this ultimate effectively in part of the venture space the place we anticipated the lithium focus to be roughly 500 mg/L, so we’re inspired with these newest sampling outcomes that present the best lithium concentrations in the entire SWA Venture space at a most of 616 mg/L,” mentioned Dr. Andy Robinson, President and COO of Commonplace Lithium. “With all the fieldwork full, the joint Smackover Lithium crew is working to finish the FEED research. A Definitive Feasibility Research is anticipated later within the third quarter of this yr and a Closing Funding Resolution focused by year-end 2025.”
Supply: Smackover Lithium
