Greenwing Resources' San Jorge Project: Promising Lithium Extraction Results
GW1 (GW1) Share Update October 2024 Tuesday 29th
Greenwing Resources Advances Lithium Extraction at San Jorge Project
Greenwing Resources Ltd (ASX:GW1) has announced significant progress in lithium extraction technology at its San Jorge Lithium Brine Project in Argentina, marking an important step forward in the development of this promising resource.
Instant Summary:
- Successful lithium extraction from San Jorge brine using advanced technologies.
- XtraLit and IBC Advanced Technologies achieved over 98% lithium recovery.
- Plans to further evaluate Direct Lithium Extraction (DLE) technologies.
Project Overview
The San Jorge Lithium Brine Project, located in Argentina, contains a maiden resource of 1.07 million tonnes of Lithium Carbonate Equivalent (LCE), with 0.67 million tonnes of Indicated Resources and 0.4 million tonnes of Inferred Resources. Greenwing Resources has been actively working to optimize lithium extraction from this resource.
Recent Developments
Greenwing Resources has partnered with XtraLit and IBC Advanced Technologies to test Direct Lithium Extraction (DLE) methods on samples from the San Jorge Project. XtraLit's ion-exchange technology successfully recovered more than 98% of lithium in initial laboratory tests, while IBC's Molecular Recognition Technology™ achieved over 99% lithium recovery with high purity levels suitable for battery-grade lithium hydroxide production.
Technology and Process
The DLE technologies employed involve advanced sorption and desorption processes, which allow for high lithium recovery rates while effectively excluding impurities such as magnesium and sodium. These results are consistent with previous tests conducted by other DLE providers, confirming the suitability of San Jorge brine for these extraction methods.
Future Plans
Greenwing Resources plans to continue evaluating DLE technologies, focusing on factors such as sorbent costs, electricity consumption, and environmental impact. The company is also preparing to reactivate field activities at San Jorge as part of its Phase 2 exploration and development program.
The successful extraction results are likely to positively impact Greenwing Resources' stock, as they demonstrate the project's potential to produce high-purity lithium efficiently. This progress aligns with the growing demand for lithium in the battery and electric vehicle markets, positioning Greenwing as a competitive player in the industry.
Investor Reaction:
Analysts are optimistic about the project's potential, noting the high recovery rates and purity levels achieved in the tests. The focus on sustainable and efficient extraction methods is expected to enhance Greenwing's appeal to environmentally conscious investors.
Conclusion:
Investors should keep an eye on Greenwing Resources as it advances its San Jorge Project. The company's commitment to optimizing lithium extraction technologies could significantly enhance the project's value and contribute to the global lithium supply chain.