Australia's Lithium Energy climbs on positive study results for Argentina project

LE Minerals

31/10/2023 03:03

** Shares of battery mineral co Lithium Energy  LEL.AX  rise
as much as 12.6% to A$0.760, their highest since July 20
    ** Co says results of the scoping study for its Solaroz
Lithium Brine Project in Argentina highlight its potential as a
large scale, long life, high margin project
    ** Says study shows Solaroz contains mineral resource with
the potential to support long-term lithium carbonate production
of 20,000 to 40,000 tons per annum
    ** Co adds that study highlights potential for application
of new technologies such as Direct Lithium Extraction (DLE) to
reduce capital and operating costs
    ** Trading volumes 6.8 times the 30-day average of 91,153
shares
    ** As of last close, stock down 12.3% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))