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Lithium Energy Ltd. ( (AU:LEL) ) has provided an announcement.
Lithium Energy Ltd has been suspended from trading on the ASX following the disposal of its main undertaking and is working towards reinstatement by advancing its resource projects. The company has secured new projects and is enhancing its technical capacity, aiming to demonstrate sufficient operational scale. Key developments include the acquisition of the Capricorn Gold-Copper Belt Project, where significant geophysical surveys and drilling are planned, and the Mt Dromedary Graphite Project, where resource development drilling is underway. Additionally, promising survey results at the White Plains Lithium Brine Project in Utah indicate potential lithium-bearing formations, which could significantly impact the company’s resource portfolio.
More about Lithium Energy Ltd.
Lithium Energy Ltd is a company operating in the mining industry, focusing on the exploration and development of lithium, gold-copper, and graphite resources. The company is actively engaged in projects such as the Capricorn Gold-Copper Belt Project, White Plains Lithium Brine Project, and the Mt Dromedary Graphite Project, with a market focus on expanding its resource base and enhancing its operational capabilities.
Technical Sentiment Signal: Sell
Current Market Cap: A$41.44M
Learn more about LEL stock on TipRanks’ Stock Analysis page.