Update on Prairie Lithium Project construction and drilling

Arizona Lithium Limited (ASX: $AZL) has successfully completed the environmental pre-disturbance assessment and construction at Pad #2 for the Prairie Lithium Project in Saskatchewan, Canada. The company has also obtained licenses for drilling the first two wells on Pad #2. Each Pad is designed to produce 2,000 tonnes per annum (TPA) lithium carbonate equivalent (LCE), with an initial production target of 6,000 TPA LCE. This milestone demonstrates the company's ability to scale up production on a modular basis, reducing capital expenditure and environmental impact.

Executive Commentary on Prairie Project Milestone

Arizona Lithium Managing Director, Paul Lloyd, expressed excitement about reaching another milestone with the completion of Pad #2 construction and the licensing of the first two wells. He emphasized the strategic advantage of developing Pad locations independently and increasing production on a modular basis, which not only lowers capital expenditure but also minimizes environmental impact and eliminates the need for long-distance pipelines to transport brine.

Summary of Prairie Lithium Project Update

Arizona Lithium (ASX: $AZL) has achieved a significant milestone with the completion of Pad #2 construction and the licensing of the first two wells at the Prairie Lithium Project in Saskatchewan, Canada. The company's modular production strategy aims to reduce capital expenditure and environmental impact while allowing for scalable production. With each Pad designed to produce 2,000 tonnes per annum (TPA) lithium carbonate equivalent (LCE), Arizona Lithium targets an initial production of 6,000 TPA LCE. The company's sustainable approach to lithium development aligns with its goal of using fewer freshwater resources, minimizing land use, and reducing waste. The completion of Pad #2 construction and the licensing of initial wells de-risks the company's path to increasing production and signifies progress towards its corporate strategy.