Investor Presentaiton
SOLAROZ LITHIUM BRINE PROJECT
Table 1: Upgraded Total JORC Indicated and Inferred Mineral Resource Estimate
Mineral
Resource
Lithology
Units
Sediment Volume
(million m³)
Specific
Yield %
Brine volume
million m³
LCE
Lithium mg/l
Lithium Tonnes
Tonnes
Category
A (Upper Aquifer)
7,200
10.0%
720
245
176,600
940,000
Indicated
B (Halite Salt Unit)
1,731
4.0%
69
340
23,600
125,000
Mineral
C (Lower Aquifer)
4,671
6.5%
304
363
110,000
590,000
Resource
D (Tertiary Basement)
5,651
5.8%
328
406
133,000
705,000
TOTAL
19,253
7.4%
1421
312
443,200
2,360,000
A
3,589
10.0%
359
245
88,000
470,000
Inferred
B
3,060
4.0%
122
340
42,000
220,000
Mineral
C
1,058
6.5%
69
362
25,000
130,000
Resource
D
634
5.8%
37
405
15,000
80,000
TOTAL
8,340
7.0%
587
289
170,000
900,000
TOTAL INDICATED & INFERRED
MINERAL RESOURCE
7.3%
305
3,260,000
Notes:
(b)
(c)
The Indicated Mineral Resource Estimate encompasses the Chico I, Chico V, Chico VI, Payo 2 South and Silvia Irene (Central Block) concessions
The Inferred Mineral Resource Estimate encompasses the Mario Angel, Payo 2 South and Silvia Irene, Payo 1 and Payo 2 North concessions, and is in addition to the Indicated Mineral Resource Estimate
Lithium (Li) is converted to lithium carbonate (Li₂CO3) equivalent (LCE) using a conversion factor of 5.323
(d)
Totals may differ due to rounding
Reported at a zero Lithium mg/l cut-off grade
Total Specific Yields are weighted averages
Source: LEL ASX Announcement dated 26 October 2023: Significant Solaroz Milestone Achieved with Upgrade to 2.4Mt LCE JORC Indicated Resource
EL
LITHIUM
ENERGY LTD
ASX:LEL
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