Arizona Lithium (ASX:AZL) Receives Approval for Phase 1 Production at Prairie Project
Production Approval Achieved
Arizona Lithium (ASX:AZL) has obtained approval for Phase 1 production at its Prairie Lithium Project from the Ministry of Energy and Resources in Saskatchewan. This marks the first lithium brine project in Saskatchewan to reach this milestone and one of the initial lithium brine projects in North America to secure approval for initial production. Phase 1 involves the commencement of production at Pad #1 utilizing a commercial-scale Direct Lithium Extraction unit with a capacity of 150 TPA Lithium Carbonate Equivalent (LCE), enabling de-risking through process replication.
Resource Update
Updated resource information from the 2024 drilling program has increased the total Indicated Resource for the Prairie Lithium Project from 4.5 million tonnes LCE to 4.6 million tonnes LCE. Additionally, the producible resource per year has surged by 120% to a new total of 17,000 TPA LCE, up from the previous 7,700 TPA LCE.
Executive Comments
Paul Lloyd, Managing Director of Arizona Lithium, stated, “These approvals are another massive milestone in project development. The regulatory framework in Saskatchewan provides project developers with a clear permitting path and ability for projects to establish operations. In addition to this, our updated well network model provides us a clear path as to how we can continue to increase production from across the Prairie Project. We would like to thank the Ministry of Energy and Resources in Saskatchewan for their thorough but swift approval that should be a blueprint for global resource projects.”
Government Endorsement
Colleen Young, Saskatchewan Energy and Resources Minister, commented on the significance of the Prairie Lithium Project, highlighting the region’s high-grade lithium brines and the project’s leadership in resource and process developments. Warren Kaeding, Minister of Trade and Export Development, emphasized Saskatchewan’s capacity to meet global lithium demand sustainably, noting the project’s role in building capacity, creating jobs, and contributing to energy security.
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