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Re: TradingCharts post# 5910

Tuesday, 08/15/2023 9:17:37 PM

Tuesday, August 15, 2023 9:17:37 PM

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15 June 2023 PRAIRIE LITHIUM BRINE PROJECT UPDATE

HIGHLIGHTS

•Upgrade commenced of the Prairie Project’s JORC Inferred Mineral Resource of 4.1 million tonnes of lithium carbonate equivalent (LCE) at 111 mg/L Li (the highest quality inferred lithium brine resource in Canada and a world class lithium resource.)1- 2
•Commenced Pre-Feasibility Study (PFS) to confirm the internally produced economic model with highly robust economic numbers anticipated.
•Existing lithium brine production is of high quality with costs of production in the lowest 25% of lithium producers.
Contract signed with third party DLE provider to mobilise pilot plant to Canada. Phase 1 and Phase 2 scale testing has produced exceptional results and Phase 3 with the operation of a Pilot Plant is planned for November 2023.
•Continuing Development of the Company’s proprietary Direct Lithium Extraction (DLE) technology with the Canadian pilot plant being relocated to the Lithium Research Centre(LRC) in Phoenix, Arizona.

Big Sandy Lithium Project (Arizona) The Big Sandy Project, is a very shallow, flat lying mineralised sedimentary lithium resource and with excellent available infrastructure, has the potential to be developed with a very low environmental footprint.

https://www.listcorp.com/asx/azl/arizona-lithium-limited/news/prairie-lithium-brine-project-update-2886069.html

685 views May 29, 2023
For the PAC Partners & Broker Briefing Battery Metals Forum Arizona Lithium (ASX:AZL) Managing Director, Paul Lloyd, provides an overview of their two globally significant North American lithium assets, the Prairie Lithium Project in Saskatchewan, Canada, and the Big Sandy Lithium Project in Arizona, USA. He also discusses the company's Direct Lithium Extraction (DLE) technology which selectively removes lithium from brine and their Lithium Research Center in Tempe, Arizona, which will function as a technology incubator focused on the extraction of lithium from the Big Sandy ore body, as well as other ores / brines

About Arizona Lithium
Arizona Lithium (ASX:AZL) is a company focused on the sustainable development of two large lithium development projects in North America, the Big Sandy Lithium Project in Arizona USA, and the Prairie Lithium Project in Saskatchewan, Canada.

The Company holds a total Global lithium Resource, of 4.4MT of LCE (inferred and indicated), with the Prairie Project holding an Inferred JORC Resource of 4.1 million tonnes of LCE at 111 mg/L Li, and Big Sandy holding an Indicated and Inferred JORC Resources for a total 32.5 Million Tonnes (Mt) grading 1,850 parts per million (ppm) Li or 320,800 tonnes Lithium Carbonate Equivalent (LCE).

Arizona Lithium also holds a proprietary Direct Lithium Extraction (DLE) technology that has a potential global application with the process currently being tested on various lithium resources. The Company is also building a world class Lithium Research Centre in Tempe, Arizona.
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