Lithium Energy Limited (LEL) has announced a significant...

Lithium Energy Limited (LEL) has announced a significant increase in its graphite inventory with the Maiden JORC Mineral Resource estimate for its Corella Graphite Project in Queensland.

The Corella project has delivered an Inferred Mineral Resource estimate of 13.5 million tonnes (Mt) at 9.5% Total Graphitic Carbon (TGC) for 1.3 million tonnes (Mt) of contained graphite, with a higher grade Inferred Mineral Resource of 4.5 Mt at 12.7% TGC for 0.57 Mt of contained graphite.

This brings the company's total graphite inventory to 2.6 Mt of contained graphite, doubling the previous inventory.The announcement is good for the company because it significantly increases its graphite inventory, providing additional resources for its proposed vertically integrated battery anode material manufacturing facility based in Queensland.

The increase in graphite inventory enhances the company's development options and potential expansion, creating value for the overall Burke Graphite Project.

The Corella Deposit's favorable location near the proposed manufacturing facility in the Lansdown Eco-Industrial Precinct further strengthens the potential for an integrated pit to purified spherical graphite (PSG) product plan.

The company plans to conduct metallurgical test work to assess the Corella Graphite's potential as additional feedstock for the expanded PSG production facility.

This indicates the company's proactive approach to exploring opportunities and maximizing the utilization of its mineral resources.

GLTAH

This announcement was summarised by StockSpike AI