Australia’s bid to break China’s lithium dominance hit by delay
Wesfarmers said the start of its lithium refinery has been pushed back to the first half of 2025.
Wesfarmers said the start of its lithium refinery has been pushed back to the first half of 2025.
It now targets 24,000 tonnes of lithium a year from its brine resource in Germany — 60% higher than its previous goal of 15,000 tonnes.
The property covers part of the Salinas formation, where Brazil's only lithium producer CBL has been mining spodumene for almost 30 years.
The objective for the Phase XII drill program was focused on converting the inferred resource within the Spark deposit to the indicated category.
President Lopez Obrador created LitioMX, formally known as Litio Para Mexico, by decree last August.
Lithium-rich countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries.
Recharge Industries has been selected as the preferred bidder for the majority of the insolvent battery firm’s business and assets.
The proposed mine would be North America's largest source of lithium for electric vehicle batteries.
Assays returned the best result so far of 31.85 metres grading 1.6% lithium oxide (Li2O), including 3.21 metres at 3.74% Li2O.
Patriot said the drill campaign’s main goals are to further define the CV5 pegmatite and improve the geological model for an indicated mineral resource.