Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Lithium

45.57

0.6%

Gold

2,672.20

0.7%

Copper

4.11

(1%)

Oil

70.13

1.58%

Bitcoin

98,306.98

4.19%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,870.35

0.76%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.1%

Hang Seng

19,601.11

(0.23%)

Arizona Lithium (ASX: $AZL) discovers lithium enriched formation at Prairie project

July 15, 2024
Author: Stock Piper

Key Facts about Arizona Lithium's Discovery

Arizona Lithium Limited (ASX:AZL) has announced the discovery of lithium-enriched samples in the Dawson Bay Formation at Pad #1 of the Prairie project. The company successfully drilled a production well and a disposal well, marking a significant derisking event. With the first production and disposal wells installed and tested, the company can now finalize its facility design and look to construction in H1 2025, aiming to produce lithium onsite at a commercial scale thereafter in 2025.

Executive Commentary on Project Milestones

Arizona Lithium Managing Director, Paul Lloyd, stated, 'Having the first production and disposal wells installed and tested at Pad#1 is a significant milestone towards putting our project into production. As described in our PFS that we released in December 2023, we require production wells, disposal wells, and surface equipment. So far we have tested a production well successfully, we have tested a disposal well successfully, and we have run a pilot plant to optimize processing at surface. Having all these milestones complete allows us to finalize the design of our facility as we look to construct our facility infrastructure in H1 2025 and produce lithium on Pad #1 in H2 2025.'

Summary of Arizona Lithium's Discovery and Future Plans

Arizona Lithium (ASX:AZL) has discovered lithium-enriched samples in the Dawson Bay Formation at Pad #1 of the Prairie project, marking a significant milestone in the project's development. The successful drilling of production and disposal wells has allowed the company to progress towards finalizing its facility design and aiming for commercial-scale lithium production in 2025. The Prairie Lithium Project, located in Saskatchewan, Canada, holds a resource of 6.3 MT of LCE and aims to have strong environmental credentials, aligning with the company's sustainable approach to lithium development. Arizona Lithium plans to continue exploration into the Souris River and Dawson Bay Formations across additional Pad locations in the coming months, furthering its commitment to sustainable lithium development.

ARIZONA LITHIUM LIMITED

AZL | ASX | Materials

0.0140(+0%)

At close 20/11 (AEDT)

Market cap

$62.6M

Volume

2,565,976

DY Yield

PE Ratio

52 Week Range

0.014 - 0.047