Arizona Lithium's milestone achievement in lithium carbonate production

Arizona Lithium Limited (ASX: $AZL) has successfully produced battery grade lithium carbonate from the Prairie Project, in partnership with Saltworks Technology Inc. The production results have exceeded expectations, with the first commercial production well drilled on Pad #1 at the Prairie project. The project has also been conditionally approved for up to a $21.6m investment incentive under the Saskatchewan Government's Oil & Gas Processing Investment Incentive Program (OGPII).

Executive commentary on the milestone achievement

Arizona Lithium Managing Director, Paul Lloyd, stated, 'Producing battery grade lithium carbonate from our flowsheet is an important step in showing the market the quality of product that we can produce. The battery grade product we produced is in sufficient quantities to go out to all the offtakers and strategic partners we are in conversation with. Our team remains focused on bringing Pad #1 at the Prairie project into production in 2025. The steps we have taken so far this year have highlighted our team's ability to execute on project plans, and I look forward to providing continued updates as we progress the project.'

Summary of Arizona Lithium's achievement and outlook

Arizona Lithium's successful production of battery grade lithium carbonate from the Prairie Project marks a significant milestone for the company. The partnership with Saltworks Technology Inc. has yielded production results that exceeded expectations, showcasing the quality of the product. The conditional approval for the investment incentive underlines the project's potential. Looking ahead, Arizona Lithium remains focused on bringing Pad #1 at the Prairie project into production in 2025. Additionally, the company's Big Sandy Lithium Project has received approval for the Permit of Exploration (POE) and is expected to contribute to the company's long-term growth. Despite a complaint lodged by the Hualapai Tribe, Arizona Lithium is seeking advice on the effect of the complaint. With a resource of 6.3 MT of LCE at the Prairie Lithium Project and easy access to key infrastructure, Arizona Lithium is poised for further development and growth in the sustainable lithium sector.