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    LEL   AU0000143497


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Lithium Energy Limited Provides an Update on Proposed Activities Planned for Its Burke Graphite Project and the Burke Tenement

09/26/2021 | 06:20pm EDT

Lithium Energy Limited provided an update on proposed activities planned for its Burke Graphite Project (Burke) and the Burke tenement (EPM 25443), which contains a JORC Inferred Mineral Resource. The Burke Deposit: The Burke Graphite Deposit is one of the highest-grade graphite deposits globally, with a JORC Inferred Mineral Resource of 6.3Mt @ 16.0% Total Graphitic Carbon (TGC) (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite (including a high grade component of 2.3Mt @20.6% TGC). Proposed Further Lithium-Ion Testwork: Lithium Energy is pleased to advise that it has entered into a new Research Agreement with CSIRO to undertake further work, including attempting spheronisation and purification of Burke natural graphite particles and electrochemical testwork. This spheroidisation of the natural graphite flakes will, through a mechanical process, shape the graphite into `potato-like' structures with the objective of easier processing of Burke natural graphite flakes into electrode materials to reduce capacity losses and enhance cell efficiency. This work comprises a key component required to demonstrate to potential graphite purchasers the benefits of the natural flake graphite within the Burke Deposit. Burke Deposit Details: The Burke tenement is located in northwest Queensland (125 km north of Cloncurry) and is one of the highest-grade graphite deposits in the world held by an Australian listed company. The Burke Deposit presents the opportunity for Lithium Energy to participate in the anticipated growth in demand for graphite and graphite related products particularly with respect to the production of Lithium-ion batteries where graphite is the largest single component by weight. A JORC Inferred Mineral Resource has been defined for the Burke Deposit: 6.3 million tonnes @ 16.0% Total Graphitic Carbon (TGC)(with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite; Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further. In addition to the exceptionally high-grade nature of the deposit, the Burke Deposit: Comprises natural graphite that has been demonstrated to be able to be processed by standard flotation technology to international bench mark product categories. The flotation tests previously conducted by IMO have confirmed that a concentrate of purity in excess of 95% and up to 99% TGC can be produced using a standard flotation process. Contains graphite from which Graphene Nano Platelets (GNP) have been successfully extracted direct from the Burke Deposit via Electrochemical Exfoliation (ECE). The ECE process is relatively low cost and environmentally friendly compared to other processes, yet it can produce very high purity Graphene products. The ECE process is however not applicable to the vast majority of worldwide graphite deposits as it requires a TGC of over 20% and accordingly the Burke Deposit has potentially significant processing advantages over other graphite deposits. Is located in the relatively safe and mining friendly jurisdiction of Queensland, Australia with well-developed transport infrastructure and logistics nearby. Is potentially amenable to low cost open-pit mining.

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Managers and Directors
William Matthew Johnson Executive Chairman
Peter Craig Smith Executive Director
Farooq Khan Executive Director
Poh Hong Ho Secretary