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Lithium Energy (ASX:LEL) -
The Northern Solaroz Concession Area. Source: Lithium Energy
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  • Lithium Energy (LEL) prepares to mobilise to the Solaroz Lithium Project in Argentina to undertake exploration works
  • LEL says it has received no substantive objections to the works and is awaiting approval from the UK Universities Global Atmospheric Modelling Program
  • The proposed program will comprise geological surveys and drilling to test a target of 1.5 to 8.7 million tonnes of contained lithium carbonate equivalent
  • Shares closed 0.85 per cent up at to 59.5 cents on September 24

Lithium Energy (LEL) is preparing to mobilise to the Solaroz Lithium Project in Argentina to undertake exploration works.

Solaroz is situated in South America’s “Lithium Triangle” in the Salar de Olaroz basin and lies directly adjacent to two lithium brine projects; one owned by ASX-lister Orocobre (ORE) and the other by Lithium Americas.

The company held public consultation meetings in relation to Solaroz back in July and said it had received no substantive objections to the proposed works.

LEL is therefore getting ready to mobilise to site and expecting to receive approvals from the UK Universities Global Atmospheric Modelling Program shortly.

Once it gets the green light, the company will begin an intensive exploration program comprising geological surveys and drilling to test its Solaroz exploration target of 1.5 to 8.7 million tonnes of contained lithium carbonate equivalent.

This target is based on a range of concentrations of between roughly 500 milligrams per litre (mg/L) lithium and 700mg/L lithium.

Notably, LEL said the target’s potential quantity and grade was purely conceptual with insufficient exploration to estimate a mineral resource at this stage.

Lithium Energy said continued growth in the electric vehicle and energy storage industries was driving strong demand for lithium.

Shares closed 0.85 per cent up at to 59.5 cents on September 24.

LEL by the numbers
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