Europe’s largest lithium resource planned at the Vulcan "Zero Carbon Lithium" project

By Meagan Evans. Published at Aug 20, 2019, in Small Caps

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.

Location of Vulcan lithium-brine project Licence Fields within the Upper Rhine Graben of southwest Germany.

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.

Summary of the lithium-brine Exploration Targets at Koppar’s Vulcan Project

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.

S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

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