Next Phase Drilling Commences at Solaroz Lithium Project
Key points
- Next phase of drilling program commenced at Solaroz Lithium Brine Project in Argentina
- Drilling program fully funded by CNGR Netherlands New Energy Technology B.V. (CNNET)
- Drilling to include 3 rotary and 1 diamond holes totaling ~2,000 metres
Full summary
Lithium Energy Limited (ASX:LEL) has announced that the next phase of the drilling program has commenced on its Solaroz Lithium Brine Project in Argentina. This drilling program is fully funded by CNGR Netherlands New Energy Technology B.V. (CNNET), which currently holds a 49.9% interest in Solaroz. Under the terms of a Share Sale Agreement, CNNET will acquire the remaining 50.1% interest in Solaroz on or before 9 January 2026. The next phase of the drilling program will comprise 3 rotary and 1 diamond holes (totaling ~2,000 metres) using up to 3 drill rigs. The objectives of the drilling program include flow testing of brine from the previously defined lithium brine resources, confirming the availability of industrial water, and an infill hole to test for lithium brine mineralization for resource upgrade. Lithium Energy has previously completed 8 diamond drill holes and one rotary hole, for a total of ~5,087 metres, across the Solaroz concessions.
Outlook
The next phase of the drilling program at the Solaroz Lithium Brine Project in Argentina is expected to provide further information to support the development of the project.
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