Total
0
Shares
Vulcan Energy (ASX:VUL) - Chair, Gavin Rezos - The Market Herald
Chair, Gavin Rezos
Source: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Vulcan Energy (VUL) has recovered high-grade lithium from a brine sample taken from a recently drilled geothermal well in the Upper Rhine Valley of Germany
  • The sample returned 214 milligrams per litre of lithium and low impurities
  • The company said the observations are encouraging and increase the effectiveness of its direct lithium extraction techniques
  • The new data will contribute to an upcoming resource estimate and be incorporated into the Definitive Feasibility Study for the company's Vulcan Zero Carbon Lithium Project
  • Vulcan last traded in the red, down 1.93 per cent for $5.59 cents a share

Vulcan Energy (VUL) has recovered high grade lithium from a recently drilled geothermal well in the Upper Rhine Valley of Germany.

A 10,000-litre sample of brine was taken from the well, which is located within six kilometres of Vulcan’s Ortenau Resource.

The sample returned a high grade of 214 milligrams per litre (mg/L) of lithium.

Furthermore, the brine analysis showed low impurities relative to other high-lithium geothermal brines worldwide, and the company says this is an important factor in performance of its direct lithium extraction (DLE) process.

Consequently, the results will be used in DLE piloting test work.

Managing Director, Dr. Francis Wedin said the observations are encouraging and increase the effectiveness of the company's DLE techniques.

"This data collection and analysis is an important part of our strategy to become a major supplier of our unique Zero Carbon Lithium to the European battery electric vehicle market,” he added.

The new data will bed contribute upcoming resource estimate and incorporated into a Definitive Feasibility Study for the company's Vulcan Zero Carbon Lithium Project.

According to the company, Ortenau is largest JORC-compliant lithium resource in Europe at a combined 12.86 megatonnes (Mt) contained lithium carbonate equivalent (LCE) in inferred and indicated resource, grading at 181 mg/L of lithium

Additionally, the Upper Rhine Valley Project has a combined inferred and indicated resource of 15.85 Mt contained LCE at a grade of 181 mg/L of lithium, of which 23 per cent is in the indicated category.

Vulcan last traded in the red, down 1.93 per cent for $5.59 cents a share.

VUL by the numbers
More From The Market Herald
Sabre Resources (ASX:SBR) to raise more than $982k to fast-track exploration

" Nagambie Resources’ (ASX:NAG) convertible notes issue yields more

Nagambie Resources (NAG) has raised an additional $900,000 through the issue of Series 9 unsecured convertible notes.
Yandal Resources (ASX:YRL) - Managing Director, Lorry Hughes (centre) - The Market Herald

" Yandal Resources (ASX:YRL) receives new AC results from Gordons Dam

Yandal Resources (YRL) has received new aircore (AC) results from multiple prospects within the Gordons gold project.
Riversgold (ASX:RGL) farewells Alaskan assets for A$2M

" Riversgold (ASX:RGL) farewells Alaskan assets for A$2M

Riversgold (RGL) has sold its Alaskan assets for US$1.5 million (nearly A$2 million) to Mamba Minerals.
North Stawell Minerals (ASX:NSM) - CEO, Steven Tambanis - The Market Herald

" North Stawell Minerals (ASX:NSM) intersects 46.9g/t gold from Wildwood

Victorian gold explorer North Stawell Minerals (NSM) has intersected up to 46.9g/t gold from the Wildwood Prospect in Victoria.