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The latest announcement is out from Lithium Energy Ltd. ( (AU:LEL) ).
Lithium Energy Limited has completed Phase 1 of its resource drilling program at the Burke and Mt Dromedary graphite deposits in Queensland, where all holes intersected graphitic schist and samples from the initial seven reverse circulation holes have been sent for assay, with results expected in January. The company will move immediately into a larger Phase 2 campaign in early January, targeting 23 RC and four diamond holes between and around the Burke and Mt Dromedary deposits, aiming to expand its already substantial high-grade graphite resource base at a time when new Chinese export controls on graphite battery anode material underscore the strategic importance of alternative non-Chinese graphite supply for global battery markets.
More about Lithium Energy Ltd.
Lithium Energy Limited is an ASX-listed resources company focused on high-grade natural graphite projects in Queensland, Australia. Its portfolio includes the Burke, Mt Dromedary and Corella graphite deposits, collectively hosting a 4.42Mt inventory of contained graphite, with Burke and Mt Dromedary notable for average grades above 14% total graphitic carbon, positioning the company as a potential supplier to global battery anode material markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$41.44M
For detailed information about LEL stock, go to TipRanks’ Stock Analysis page.