Vulcan Energy Resources Ltd (VULNF)

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ASX Release 24 February 2023
Zero Carbon Lithium™ Project Update

Lithium Extraction Demonstration Plant and Production team
• Onsite works continue at Vulcan’s Lithium Extraction Demonstration Plant in Landau, where Vulcan
remains on target for mid-year operations to commence. This follows two years of successful pilot plant
testing the lithium extraction on the geothermal brine.
• Brine lines to the existing geothermal operation have been successfully installed.
• VULSORB™, Vulcan’s proprietary sorbent, has been manufactured at the tonne scale by a French toll
manufacturer for Vulcan’s Demo Plant. Vulcan is in discussions with the toll manufacturer to move to
commercial production of VULSORB™, which would represent the first and only lithium extraction sorbent
produced in Europe, for Europe. Current supply chains for lithium extraction sorbent production mostly
relies on either China or Russia.
• Growth continues in the Production team, under Vulcan’s new Vice President of Production Christian
Tragut, who recently joined Vulcan from BASF, where he was Vice President of Operations for BASF in
Germany.
• Once operations commence mid-2023, Christian will focus on training the Vulcan Production team on the
Demo Plant, targeting operational readiness prior to commercial scale production as part of Phase One
start of production target for year-end 2025.

https://www.investi.com.au/api/announcements/vul/0c706d5e-e9d.pdf