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Vulcan Energy (ASX:VUL) - Chair, Gavin Rezos
Chair, Gavin Rezos
Source: Business News
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  • 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
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