Pursuit Minerals advances lithium project

Pursuit Minerals (ASX:PUR) has provided an update on its Rio Grande Sur Lithium Project. The company is making significant progress with its Lithium Carbonate Pilot Plant, which is nearing completion. The plant is expected to produce technical grade 99.5% Lithium Carbonate by the end of Q1 2025. A recent JORC resource upgrade has improved the company's production strategy.

Summary of Pursuit Minerals' progress

Pursuit Minerals is progressing with its Rio Grande Sur Lithium Project, focusing on commissioning its Lithium Carbonate Pilot Plant in Argentina. The plant's completion is expected by the end of Q1 2025, aiming to produce technical and battery-grade Lithium Carbonate. A recent JORC resource upgrade has increased the resource by 339% to 1,104,300 tonnes of Lithium Carbonate Equivalent (LCE), supporting a staged production strategy. The company plans to start with a 250 tonnes per annum pilot plant and scale up production. Pursuit is also engaging in off-take discussions with potential partners. The strategic location in Argentina provides a favorable environment for expansion, and the company remains committed to environmental and regulatory compliance. This progress positions Pursuit Minerals as a potential key player in the lithium market.

Executive commentary on project progress

Pursuit's CEO, Aaron Revelle, emphasizes the company's ambition to become a significant Lithium Carbonate producer.