Arizona Lithium Limited (AU:AZL) has released an update.
Arizona Lithium Limited has completed lithium brine drilling at Pad #2 of the Prairie Lithium Project, marking a significant step towards production. The two wells drilled could potentially be converted for future production, contributing to the project’s estimated net present value of US$150 million per pad. This progress comes as the company remains financially robust following an A$11 million cash influx from a non-core acreage sale.
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