Galvanic Vitality has introduced some outcomes from an unbiased analysis of its Smackover Formation—a 120,000-acre lithium prospect in Arkansas. In response to Galvanic Vitality, the “useful resource report has validated Galvanic Vitality’s Smackover prospect as one of many largest lithium brine assets in North America.”
Geological consulting agency APEX Geoscience supplied a useful resource report based mostly on its analysis. In response to Galvanic Vitality, “Licensed third-party analyses of brine drawn from deep check wells penetrating the Smackover Formation inside Galvanic Vitality’s prospect yielded lithium concentrations starting from 290 mg/L to 520 mg/L, a few of the highest reported values in North American brines.”
The report “estimates the Galvanic Vitality Smackover prospect to have an inferred useful resource estimate of 4 million tons lithium carbonate equal (LCE) and 10 million tons elemental bromine,” says Galvanic Vitality. “The lithium useful resource estimate is substantial provided that the USGS at present estimates the US lithium reserve at 750,000 tons and a complete inferred useful resource of 9.1 million tons, together with ‘oilfield brines’ such because the Smackover.”
“Testing additionally revealed bromine concentrations of three,700-6,000 mg/L,” says Galvanic Vitality.
Galvanic Vitality says it has completed nicely testing and reservoir modeling of the prospect. It additionally says it “has been evaluating a number of direct lithium extraction (DLE) know-how suppliers to find out which of these processes is greatest appropriate for creating this world-class lithium asset.”
Supply: Galvanic Vitality
