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- Vulcan Energy Resources (VUL) receives new work approvals for its Zero Carbon Lithium project in Germany and further expands its exploration licence area in the region
- The company has been given permission by eight local councils to undertake a 3D seismic survey across its licence area, which it will use to assist in future development drill planning
- In addition, Vulcan is granted a new exploration licence at the project, increasing its presence in the Upper Rhine Valley Brine Field by 277 square kilometres
- It has already secured some existing 3D seismic data over the new area and is in discussions to purchase more
- Shares in Vulcan Energy Resources last traded at $7.11 on July 25
Vulcan Energy Resources (VUL) has received new work approvals for its Zero Carbon Lithium project in Germany and further expanded its exploration licence area in the region.
The company was given permission by eight local councils to undertake a 3D seismic survey, which it said it would use to assist in future development drill planning.
The survey work is scheduled for September, with pre-design work ongoing.
In addition, Vulcan was granted a new exploration licence in the area, increasing its presence in the Upper Rhine Valley Brine Field by 277 square kilometres to 1440 square kilometres.
The company has already secured some existing 3D seismic data over the new area and is in discussions to purchase more through a 2021 deal with Rhein Petroleum.
Vulcan Managing Director Francis Wedin said the positive support for Vulcan’s planned work was a strong endorsement of the project.
“We are now well-positioned to progress work in this area more efficiently and cost-effectively, at a time of unprecedented demand for lithium for electric vehicles, and for renewable energy in Europe,” Dr Wedin said.
Shares in Vulcan Energy Resources last traded at $7.11 on July 25.
