Final environmental approvals received for next phase of development at Solaroz
Published by Jess Watts,
Editorial Assistant
Global Mining Review,
The Central and Northern blocks (10 666 ha) are where the majority of the existing lithium resources at Solaroz are located, and where the majority of the next phase of exploration and evaluation activities is proposed to be conducted.
Following the EIA approvals received in December 2024 for the Mario Angel and Payo concessions, approvals have now been received for exploration and evaluation activities to recommence across all of the Solaroz concessions.
Under the terms of an amended sale agreement between Lithium Energy and CNGR Netherlands New Energy Technology BV (CNNET) for the sale of the whole of Lithium Energy’s interest in Solaroz for consideration totalling US$63 million (~AUS$97 million) cash, CNNET is responsible for funding the local operations and next phases of development at Solaroz from 1 January 2025, utilising loan funding mechanism of up to US$15 million to be provided by CNNET to Solaroz.
Lithium Energy and CNNET are currently in the process of jointly determining a suitable work programme consistent with the scope of the approved EIAs. Lithium Energy will provide further updates with regard to the next phase of exploration, evaluation, and development activities at Solaroz once this work programme has been finalised.
Read the article online at: https://www.globalminingreview.com/environment-sustainability/07022025/final-environmental-approvals-received-for-next-phase-of-development-at-solaroz/
You might also like
The progress and promise of hybrids in mining
Decarbonising mining is challenging. While electric and hydrogen solutions show promise, they are still in development and not yet reliable for heavy equipment in demanding environments due to tough conditions and varying infrastructure across regions.
