Europe’s largest lithium resource planned at the Vulcan "Zero Carbon Lithium" project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Koppar Resouces (ASX:VUL) (Vulcan Energy Resources) today announced that it has established a conceptual Exploration Target for the Vulcan Lithium Project in Germany’s Upper Rhine Valley field — a project that comprises one of the only geothermal brines globally that’s uniquely enriched in lithium.
This Exploration Target of 10.73 to 36.20 million tonnes of contained Lithium Carbonate Equivalent (LCE), is based on a range of lithium concentrations between 126 mg/L lithium and 190 mg/L lithium.
This Exploration Target demonstrates the potential world-class scale of the project and points to the Vulcan being, by far, the largest lithium resource in Europe, assuming conversion to an Inferred Resource.
The comapny recently entered into a binding agreement to acquire Vulcan Energy Resources Pty Ltd., the owner of the Vulcan Lithium Project. The Vulcan Lithium Project is aiming to be Europe’s and the world’s first Zero Carbon Lithium project through dual-purpose wells and its very short distance to potential markets.
It aims to achieve this by producing battery-grade lithium hydroxide from hot sub-surface geothermal brines pumped from wells, with a renewable energy by-product, without the need for hard-rock mining.
Here's an overview of Direct Lithium Extraction (DLE) from Geothermal Brines.
The heart of the EV market
The project is strategically located in the heart of the European auto and lithium-ion battery industries, just 60km from Stuttgart, Germany, near Volkswagen, Northvolt and multiple planned “Giga-factories”.
This is a huge potential market, especially considering that Europe is the world’s second largest EV market, yet it has no local supply of battery grade lithium.
The burgeoning European battery manufacturing industry is forecast to be the world’s second largest, with currently zero domestic supply of battery grade lithium products.
Rapid advancement to come
Independent geological consultants, Roy Eccles P. Geol. and Steve Nicholls MAIG of APEX Geoscience Ltd., have assessed data provided by Koppar and the company’s geothermal consultants, GeoThermal Engineering GmbH, and prepared the Exploration Target and associated JORC Code information tables.
Exploration Target Cautionary Statement: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to determine a mineral resource and there is no certainty that further exploration work will result in the determination of a mineral resource.
The company has yet to conduct exploration work at the Vulcan Project and so it must be noted that, so far, there has been insufficient exploration to estimate a Mineral Resource, meaning the Exploration Target’s potential quantity and grade is conceptual in nature with no guarantees that further exploration will result in the estimation of a Mineral Resource.
Going forward, the company plans to rapidly advance the Vulcan Lithium Project to a Scoping Study over the next 12 months.
Work programs will commence with acquisition of all available seismic and geochemical data from the region, as well as a confirmatory geochemical sampling programme from available well locations, to confirm lithium grades.
The company will also commence lithium extraction processing test work on brine samples taken from existing wells within the Upper Rhine Valley.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.