Arizona Lithium Limited ("Arizona Lithium"), a lithium exploration company working on projects in North America, is pleased to announce the commencement of drilling on Well #3 at Pad #1 of its Prairie Lithium Project in Saskatchewan, Canada. This milestone is part of the Company's plan to establish the well infrastructure that is needed for Direct Lithium Extraction (DLE) at a significant commercial scale by 2025, in line with their anticipated trajectory.
Highlights:
- Drilling Progress: Well #3 at Pad #1 is currently being drilled as an exploration well, following the successful completion of Well #2, which was drilled into the Dawson Bay Formation and converted into a disposal well.
- Drilling Infrastructure: With the drilling of Well #3, the Company will have three key wells at Pad #1: a production well, a disposal well, and a brackish water source well. These are critical components required for DLE, and were outlined in detail in the Company's Pre-Feasibility Study.
- Moving Toward Production: The current drilling program represents an essential step toward establishing an operational lithium production unit at the site. The Company is currently on track to finalise the design for the facility, move toward construction in the first half of 2025, and ultimately begin production following that.
Paul Lloyd, Managing Director of Arizona Lithium, commented: “We are excited to announce that we have started drilling the 3rd well on Pad #1. Having the first 3 wells in place on Pad #1 allows us to finalise facility design, look to facility construction in H1 2025 and production of Lithium brines shortly thereafter. Having these wells in place is another significant milestone on our path to production of lithium on Pad #1 in 2025.”
About the Prairie Lithium Project:
AZL’s Prairie Lithium Project is located in the Williston Basin of Saskatchewan, Canada, and holds a resource of 6.3 MT of LCE, comprising 4.5 MT LCE Indicated and 1.8 MT LCE Inferred2. Located in one of the world’s top mining friendly jurisdictions, the projects have easy access to key infrastructure including electricity, natural gas, fresh water, paved highways and railroads. The projects also aim to have strong environmental credentials, with Arizona Lithium targeting to use less freshwater, land and waste, aligning with the Company’s sustainable approach to lithium development.