Perth-based lithium high-flyer Vulcan Energy has released more details on the progress of its German lithium project definitive feasibility study, while targeting a Q2 2022 production start for its demonstration plant.
Vulcan wants to build a "green" lithium mine in Germany, powered by geothermal energy and supplying to European battery makers.
Last month, Vulcan hit back at short seller J Capital Research after it released a negative report describing the company's project as a "non-starter".
Vulcan called the report by J Capital Research "disinformation".
On Friday, managing director Francis Wedin told investors "our lithium processing division continues to make strides towards the completion of our DFS".
"Our new laboratory facility will afford us more space and analytical capability to further advance the DFS. Whilst the pilot plant operation continues to inform the DFS, a considerable focus of the team is engineering and construction of the Demo Plant, which we are targeting to enter into production by Q2 2022.
"This will be vital in building up the operational expertise in the team prior to our target commercial production start date of the Zero Carbon Lithium Project in 2024," Mr Wedin said.
Mr Wedin has previously said the company retained the support of major shareholders – which include big institutional investors as well as rich-listers Gina Rinehart and John Hancock.
Vulcan, valued at $1.3bn on the ASX, last traded at $10.65.
