HIGHLIGHTS
-AZL to deploy the first ever Koch Technology Solutions (KTS) Li-Pro commercial-scale “quad pod” unit at the Prairie Project in Saskatchewan this year. This represents the largest Direct Lithium Extraction (DLE) process ever deployed by KTS and the first commercial-scale production at Arizona Lithium’s Prairie Project.
-Koch Technology Solutions is a subsidiary of Koch, Inc., the second-largest privately held company in the United States, based in Wichita, Kansas. The company is a US-based leader in the innovation of DLE and will be a valuable partner for AZL.
-Duperow brine from Pad #1 was tested with KTS’s Li-Pro technology and highlighted exceptional results with approximately 98% lithium retention and an average 99% rejection of impurities such as Calcium (Ca), Magnesium (Mg), Potassium (K)and Sodium (Na).
-De-risking allows production to be increased by replication of additional Li-Pro units at Pad #1, followed by further deployment of commercial facilities at Pad #2 and Pad #3. Additional Pad locations are also currently being identified for imminent future development.
-The Prairie Project in Canada is well positioned to feed battery-grade lithium carbonate into the mature Asian battery market and the rapidly developing North American battery sector. Batterygrade samples produced from the Prairie Project are currently being distributed and tested in Asia.1
Arizona Lithium Limited (ASX: AZL, AZLO, OTC: AZLAF) (“Arizona Lithium”, “AZL” or “the Company”), a company focused on the sustainable development of two large lithium development projects in North America, the Prairie Lithium Project (“Prairie”) and the Big Sandy Lithium Project (“Big Sandy”), is pleased to announce it has entered into an agreement with Koch Technology Solutions (“KTS”) to deploy a Li-Pro commercial-scale Direct Lithium Extraction (“DLE”) unit for Phase 1 production at the Prairie Project. The Company has also entered into a non-binding Memorandum of Understanding (“MOU”) for a commercial license to use KTS’s Li-Pro technology beyond Phase 1.
Arizona Lithium Managing Director, Paul Lloyd, commented: “We are extremely pleased to have signed an agreement to deploy Koch Technology Solutions Li-Pro DLE technology at our Prairie Lithium Project. This is another significant event in derisking the project. It is a pleasure to partner with a multinational corporation of such high quality as Koch Inc. and we look forward to the arrival of DLE facilities on site in Q2 this year. It has always been AZL’s intention to be a first mover and leader in oil field lithium brines and with the commitment of AZL to the Koch technology your company will be one of the first global companies to produce at commercial scale from an oil field brine project”.
Koch Technology Solutions Director of Strategic Accounts, Patrick O’Hern, commented: “The team at Koch Technology Solutions is excited to partner with Arizona Lithium on this endeavour. This is a major milestone for the team at KTS and the lithium industry as we construct and deploy our first Li-Pro commercial scale “quad pod” unit, the largest DLE system we’ve ever built. Continuing to de-risk the Li-Pro technology at scale highlights our ability to deliver on projects and lead the way in DLE technology. We look forward to working with Arizona Lithium as we continue to progress our Li-Pro technology.”
Read the full release here.
