Arizona Lithium's Prairie project lithium discovery

Arizona Lithium Limited (ASX: $AZL) has announced the discovery of a new lithium enriched formation at its Prairie project. The company drilled well #1 into the Souris River Formation at Pad #1 before converting it into a Duperow Formation production well. The Souris River Formation, which underlies the entire 391,000 acres of the project area, yielded lithium enriched samples of 86 mg/L Li. Additional wells will be drilled into the Souris River and Dawson Bay at Pad #2 and Pad #3 as part of the company's drilling campaign.

Arizona Lithium Managing Director's commentary on the discovery

The exploration results from our first well are fantastic. The discovery of the Souris River lithium in Saskatchewan highlights the exploration upside that exists across the project. While the team is focused on putting the Duperow into production, understanding where future resources can be accessed on our current land is critical to the long-term security of lithium resources in North America. Credit must go to the competent and hard working AZL sub surface exploration team. This discovery will result in future wells by AZL and other lithium companies in the Province, targeting this deeper formation and providing information to increase our large resource. The team will continue to drill additional exploration wells with the goal of putting together a resource assessment for the Souris River to complement the already world class Duperow resource at the Prairie Lithium Project.

Summary of Arizona Lithium's Prairie project announcement

Arizona Lithium (ASX: $AZL) has made a significant lithium discovery at its Prairie project, with the identification of lithium enriched samples of 86 mg/L Li in the Souris River Formation. The company plans to continue drilling additional exploration wells into the Souris River and Dawson Bay formations, aiming to put together a resource assessment for the Souris River. This discovery underscores the exploration potential of the project and the long-term security of lithium resources in North America. With a resource of 6.3 MT of LCE at the Prairie Lithium Project, Arizona Lithium is strategically positioned in a top mining friendly jurisdiction with access to key infrastructure and a commitment to sustainable lithium development.