Arizona Lithium (ASX:AZL) has completed its multi-pad lithium drilling program at the Prairie Lithium Project in Saskatchewan, Canada. The company tested wells at Pad #2 and Pad #3, finalizing the field phase of their 2024 exploration program. Results, including lithium grade, are expected in the coming months.
Arizona Lithium has finalized its latest drilling phase at the Prairie Lithium Project. The company aims to release lithium grade results soon and plans to upgrade resource estimates based on this data. With a focus on sustainable development, the company is set to begin lithium production by late 2025. Each drilling pad carries an estimated NPV of US$150 million, underlining the project's potential economic significance. Arizona Lithium continues to emphasize minimal environmental impact while advancing its strategic goals for future lithium production.
Managing Director Paul Lloyd expressed satisfaction with the progress and highlighted the strategic importance of the wells in advancing towards production.