ASX-listed Orocobre Ltd
has achieved a breakeven level of production at its Olaroz
lithium carbonate facility in Argentina, following numerous setbacks and delays in
The company produced 699 tonnes lithium
carbonate in January, a jump of 272 tonnes from the 427 tonnes
produced in December.
The increased production came as it
announced it had completed "de-bottlenecking" work at Olaroz.
It now forecasts production of 2,400 tonnes lithium carbonate
over the current quarter.
A report by the Wyoming State
Geological Survey (WSGS) has indicated that lithium
extraction in the state is unlikely in the foreseeable
"Given the higher lithium concentrations
and lower production costs, it is unlikely that any Wyoming
brine deposit can compete economically with the Nevada and
South American facilities," the study found.
Lithium had previously been mined from spodumene in the state
during the Second World War. However, the size of resources
present in Wyoming are uneconomical to mine today, the WSGS
Venus Metals Corp., an
ASX-listed junior, has applied for two strategic tenements in
the Greenbushes lithium province in Western Australia (WA).
The applications form part of the
Greenbushes East project, 220km southeast of Perth. The site
covers 550km2 and borders the Talison
Lithium Ltd joint venture (JV)’s
operational Greenbushes spodumene project, the
world’s largest source of lithium from
ASX-listed Lithium Australia
NL and TSX-listed Alix Resources Ltd
have formalised a binding JV programme to explore the Electra
lithium project in Sonora, Mexico.
The companies said that field crews will
return to the Electra shortly to commence an exploration
program designed and approved by both management teams.
Metalicity Ltd, also
ASX-listed, has lodged a further seven exploration license
applications in WA.
The applications cover a total area of
1,103km2 across four project areas which Metalicity
said are considered prospective for lithium.
The projects were generated from the
company’s in-house exploration targeting model,
developed from a database of lithium occurrences and
prospective geological settings for lithium mineralisation.
Liontown Resources Ltd,
also listed on the ASX, is set to acquire the Bynoe
lithium-tantalum project in Australia’s Northern
Territory from unlisted Orema Pty Ltd.
The company will pay Australian dollar
(A$) 10,000 ($7,087*) in cash up front and a further $A100,000
within a 19-month period from the date of closure.
Liontown last month acquired the Mohanga lithium project
ASX-listed Crusader Resources
Ltd has signed a memorandum of understanding (MoU)
with unlisted Lepidco Ltd, under which they intend to exploit
lithium resources in Brazil in a JV.
The deal is supported by ASX-listed
Platypus Minerals Ltd, which is currently
considering purchasing Lepidco under a one month exclusivity
Argosy Minerals Ltd,
another ASX-listed junior, has executed a heads of agreement
(HoA) with Geotech International Pty Ltd,
which allows it a two year option period to purchase the Mount
Paris lithium project in Tasmania, Australia.
This will be Argosy’s first
foray into lithium, as part of a broad strategy to focus on
precious metals, new technology and agriculture.
Mount Paris, situated 60km northeast of
the city of Launceston, comprises one granted exploration
licence covering an area of 115km².
TSX-V-listed Zadar Ventures
Ltd has entered into a standstill agreement with a
private Nevada-based company to negotiate an option to purchase
two prospective lithium projects near Silver Peak, Nevada.
One of the sites is adjacent to
Albemarle Corp.’s site in North
Clayton Valley and covers 425ha (4.25km2), while the
other is located 18km southeast of Silver Peak and spans 330ha
A US Geological Survey (USGS) drill hole
on the former project reported a 55 ppm maximum lithium content
from analysed water samples. The latter is undrilled.
Zadar said it expects to have executed a
definitive agreement on the deal by 25 February.
In downstream news, Berlin, Germany-based Qinous GmbH
has installed a lithium-ion (Li-ion) battery-based energy
storage system at a Haiti hospital.
The system provides
daytime grid stabilisation, allowing for full solar penetration
from a 230 kilowatt (kW) photovoltaic system and complete
shutdown of diesel generators during the day.
The facility was
financed by the Swiss partnership, HAS