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Arizona Lithium Initiates Production Drilling at Prairie Project in Saskatchewan
Arizona Lithium Initiates Production Drilling at Prairie Project in Saskatchewan

Arizona Lithium Initiates Production Drilling at Prairie Project in Saskatchewan

  • 28-May-2024 3:15 PM
  • Journalist: Shiba Teramoto

Arizona Lithium Limited (ASX: AZL, AZLO, AZLOA, OTC: AZLAF), known as "Arizona Lithium" or "AZL", a company dedicated to sustainable development with a focus on two significant lithium projects in North America, namely the Big Sandy Lithium Project ("Big Sandy") and the Prairie Lithium Project ("Prairie"), announces the commencement of drilling at the Prairie Project in Saskatchewan, Canada. The drilling and completion operations will span Pad #1, Pad #2, and Pad #3 in the upcoming months. In June, production and disposal testing will kick off for the wells on Pad #1. The initial two wells on Pad #1 are being drilled vertically. Well #1 is slated to assess the Souris River and Duperow Formations, while Well #2 will target the Dawson Bay Formation and specific disposal sites within the Madison Group. Establishing both production and disposal wells is a critical milestone in advancing the Prairie Project Development, marking a significant stride towards lithium commercial production.

Paul Lloyd, the Managing Director of Arizona Lithium, remarked, "I am excited to announce the commencement of our drilling program as planned. With the rig now operational on-site and the first well initiated, our focus is on drilling our lithium wells efficiently. Operating within a mature and well-established oil and gas province provides us with access to the necessary expertise and services to advance our project rapidly. These wells are being drilled to significant depths by a robust oil drilling rig. The execution of a drilling and completion program of this scale requires the collaboration of over 40 service providers and the contribution of hundreds of individuals. I extend my gratitude to all the vendors, their employees, and the local community for their support of our project. We eagerly anticipate providing shareholders with updates as the extensive drilling program progresses."

The Prairie Lithium Project by AZL is situated in Saskatchewan, Canada, within the Williston Basin and boasts a resource estimate of 6.3 million tonnes (MT) of lithium carbonate equivalent (LCE), comprising 4.5 MT LCE in the Indicated category and 1.8 MT LCE in the Inferred category. Being located in one of the world's foremost mining-friendly jurisdictions, these projects benefit from convenient access to critical infrastructure such as electricity, natural gas, freshwater, well-maintained highways, and railways. Additionally, the projects prioritize strong environmental stewardship, with Arizona Lithium striving to minimize freshwater usage, land footprint, and waste generation, aligning closely with the company's sustainable ethos in lithium development.

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