Lithium Energy is gearing up to launch a drilling campaign at its Solaroz brine project in Argentina after securing a rig to test a suite of targets outlined by a pair of soon-to-be completed seismic surveys. The operation is in South America’s lithium triangle and shares a postcode with a number of heavy hitting battery metals plays including ASX and Toronto Stock Exchange-listed Allkem Limited’s 16.2 million tonne Olaroz project.
The company is currently close to wrapping up a sprawling passive seismic survey across all its concessions at Solaroz, with a supplementary, transient electromagnetic, or “TEM” survey also nearing its conclusion.
The TEM survey aims to establish the depth of conductive brines at the project by measuring the ground’s electrical conductivity at depth. According to Lithium Energy, conductive brines are a fundamental indicator of lithium.
The company says it has already kicked off a review of its TEM data.
According to the Perth-based explorer, its newly secured rig will start peppering the ground after the completion of the two surveys – with the looming campaign aimed at testing at-depth brine targets defined through the exploration programs.
The ultimate objective of the work is to deliver a maiden mineral resource estimate at Solaroz, where the company has its foot on a 120 square kilometre concession area.
Lithium Energy currently has a theoretical target at the project that runs between 1.5 to 8.7 million tonnes of contained lithium carbonate equivalent, with grades averaging between 500 and 700 milligrams of lithium per litre.
The figures were drawn from a detailed review of historical geophysical survey and drilling data related to the brine rich lithium aquifer at Solaroz. Interestingly, some of the previous exploration results used to produce the target were generated by Allkem.
The rolling exploration push will look to confirm the target’s underlying conceptual model and upgrade it to a JORC-compliant category.
Solaroz is within the illustrious and highly productive zone known as the “lithium triangle” between Argentina, Bolivia and Chile, where a major slice of the world’s lithium deposits are thought to exist. The zones collectively account for about 32 per cent of global supply.
The area has given life to a raft of battery metals success stories lately, including ASX-listed Galan Lithium’s discovery of its Hombre Muerto West and Candelas projects.
The chatter has also led to a spate of exploration activity in the zone, with a flock of companies looking to capitalise on the region’s lithium-rich brines and snap up a potentially game-changing resource.
Is your ASX-listed company doing something interesting? Contact: email@example.com