Arizona Lithium Advances on Prairie Project
Company Announcements

Arizona Lithium Advances on Prairie Project

Arizona Lithium Limited (AU:AZL) has released an update.

Arizona Lithium Limited has completed construction on Pad #3 at its Prairie Lithium Project and is poised to start drilling in the coming weeks, moving closer to its production target of 6,000 tonnes per annum of Lithium Carbonate Equivalent across three pads. The company has strategically bolstered its financial position with an A$11 million non-dilutive capital raise from a land sale and is planning future expansions to eventually reach 24,000 tonnes per annum. This advancement marks a significant step in the company’s scale-up plans, offering promising potential to shareholders.

For further insights into AU:AZL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskArizona Lithium’s Drilling Update: Progress at Prairie, Setback at Big Sandy
TipRanks Australian Auto-Generated NewsdeskArizona Lithium Limited Advances in Lithium Production
TipRanks Australian Auto-Generated NewsdeskArizona Lithium Advances with Successful Well Testing
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App