Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Pilot Plant Commences First Phase of Operations

by March 28, 2024
March 28, 2024
Pilot Plant Commences First Phase of Operations

Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is pleased to provide the following update on key developments for its Lithium Carbonate Pilot Plant which has commenced the first phase of operations to produce Lithium Carbonate.

HIGHLIGHTS

Pilot Plant commissioning complete with first phase of operations for the production of Lithium Carbonate underway.Completion of dynamic simulation, mass balances and plant layout design conceptually producing 250 tonnes per annum of 99.95% battery grade Lithium Carbonate via conventional evaporation process method.Engagement of Ausenco to complete independent peer review study of the 250 tonne per annum plant design, block flow process, and evaporation pond design.Engagement of highly experienced engineering team to oversee and manage plant operations and first production of Lithium Carbonate.

The Company has completed the commissioning works of the Lithium Carbonate Pilot Plant and will now begin operations with the overall goal of producing battery grade Lithium Carbonate. The Pilot Plant will look to produce an initial sample batch using synthetic brine of approximately 50-100kg of product.

Following completion of this milestone, evaporated brine, currently being sourced from the Stage 1 Drilling Program, will be utilised to produce approximately 2 to 10 tonnes of Lithium Carbonate products anticipated to be battery grade product. After this, the Company will consider relocation of the Pilot Plant to site following the completion of construction and filling of evaporation ponds to provide feed for the plant.

In relation to the commencement of operations at the plant, Pursuit Managing Director & CEO, Aaron Revelle, said:

“The Rio Grande Sur Project continues to advance toward first production at a significant pace. With plant operations now underway, we look forward to the production of the first Lithium Carbonate products demonstrating the enormous potential of the Rio Grande Sur Lithium Project.”

In conjunction with our Stage 1 drilling program which is currently underway and the potential upgrade to our existing JORC resource, we continue to make significant progress on multiple fronts as we move toward becoming a Lithium producer. To this end, we continue to progress the environmental permitting applications to commence construction of the evaporation ponds which is currently being targeted for this year. The entire team is very excited about the production process, and we look forward to reporting on the results over the coming months.”

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
TNC Announces Institutional Placement
next post
Flash Metals Acquisition, Tranche 2 of the Placement and Convertible Note Settlement Completed

Related Posts

Element79 Gold Corp Announces Corporate Update and Strategic...

August 16, 2025

ARway.ai The Spatial Computing Platform Signs New Deal...

January 24, 2024

NASA Astronauts Return to Earth on SpaceX Capsule...

March 21, 2025

Basin Expands Geikie Athabasca Uranium Project

April 2, 2025

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 19, 2025

Eclipse Metals

July 5, 2023

IDM and Blackstone Confirm Rich Copper-Gold Zone at...

May 1, 2025

Galena Mining

January 19, 2024

Trump and FLOTUS Dive into Crypto With Meme...

January 21, 2025

Brien Lundin: Mining Stocks at Turning Point, Biggest...

October 20, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Québec Communities Vote “No” to La Loutre Graphite Mine

    • Top 5 Canadian Mining Stocks This Week: Carlton Precious Gains 78 Percent

    • Lode Gold Closes $1.51 Million Upsized Private Placement

    • Editor’s Picks: Gold Sets New Price Record, Silver Hits 14 Year High

    Categories

    • Business (1,370)
    • Investing (2,870)
    • Politics (3,699)
    • Stocks (1,782)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved