Lithium Energy Delivers Impressive 2.4 Million Tonnes LCE Upgrade to Solaroz Indicated Resource

Lithium Energy has achieved a remarkable milestone in bolstering the strategic importance of its flagship asset, the Solaroz Lithium Brine Project, located in the heart of Argentina. The company proudly announces the successful delivery of an upgraded indicated lithium carbonate equivalent (LCE) resource, now totaling an impressive 2.4 million tonnes. This significant accomplishment has been made possible through a concerted effort involving extensive drilling and geophysics work conducted on the project.

The Solaroz Project, in which LEL proudly holds a commanding 90% stake, encompasses a strategic array of eight mineral concessions, collectively spanning a substantial area of 12,000 hectares. Situated within the highly renowned Salar de Olaroz basin, the project finds itself at the very heart of the Lithium Triangle in South America.

This development underscores the growing strategic significance of the Solaroz Lithium Brine Project within LEL's already impressive portfolio. It firmly cements the project's status as a highly valuable lithium asset, not only within the region but also on the global stage. With this significant upgrade to the indicated LCE resource, the Solaroz Project is now poised for a new phase of advancement and exploration, further enhancing its potential in the ever evolving and dynamic lithium market.

Lithium's importance in this new energy paradigm cannot be overstated. It is a key component in the cathodes of lithium-ion batteries, making it an essential element for powering everything from electric cars to portable electronic devices. The global demand for lithium is on the rise, driven by the electrification of transportation and the increasing deployment of renewable energy technologies. As the world looks to reduce its carbon footprint and transition to a more sustainable future, lithium holds a pivotal role in achieving these goals.

The significance of the Solaroz Project's upgrade to a 2.4 million-tonne indicated lithium carbonate equivalent (LCE) resource cannot be overstated. The indicated category signifies a high degree of confidence in the estimates, making it a key factor for potential investors and stakeholders. The presence of a substantial high-grade core within this resource, with an average lithium concentration of 400 mg/l, underscores the project's quality and potential economic viability.

The Solaroz Project's potential to contribute to the growing demand for lithium is substantial. As the world seeks to transition to cleaner energy sources and reduce its reliance on fossil fuels, the demand for lithium is expected to increase significantly. Lithium-ion batteries are at the forefront of this transition, powering electric vehicles, energy storage systems, and renewable energy installations.

Lithium Energy Ltd's dedication to enhancing the Solaroz Lithium Brine Project's resource estimate reflects a commitment to meeting the rising demand for lithium and contributing to a more sustainable future. The "white gold" of the 21st century holds immense promise, and the Solaroz Project is poised to make a significant contribution to the global lithium supply chain.