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- Lithium Universe (ASX:LU7) releases its quarterly report for December 2023
- LU7 has partnered with Hatch to conduct an engineering study for a 16,000 tpa lithium carbonate refinery for its Quebec Lithium Processing Hub strategy
- The company also opened a new office in Montreal, Quebec and Victoria Vargas was appointed Director to enhance exposure to international capital markets
- LU7 wrapped up its summer/fall 2023 exploration at the Apollo project
- Shares last traded at 2.2 cents
Lithium Universe (ASX: LU7) has released its activities report for the December 2023 quarter, highlighting its commitment to cleaner energy with the expansion of its Canadian refinery facility.
LU7 has narrowed down its search for a location for its proposed 16,000-tonne per year battery-grade lithium carbonate refinery with the completion of a study by engineering company Hatch.
It’ll now focus its attention on areas along the river between Quebec City and Montreal including Becancour, Beauharnois, Sorel-Tracy and Deschambault.
Expanding presence
Lithium Universe solidified its presence in the emerging lithium district by opening a new office in Montreal, Quebec.
This strategic move facilitates collaboration with engineering partners and stakeholders, furthering the company’s commitment to the QLPH strategy.
Victoria Vargas’ appointment as Director strengthens the company’s exposure to international capital markets.
Apollo project
The summer/fall 2023 exploration program at the Apollo lithium project concluded with fieldwork and final soil laboratory analyses.
Based on geological assessments and focused mapping, a 2024 drilling strategy was devised along a significant east-west fault shear corridor.
This corridor extends from Apollo to Winsome Resources’ (ASX:WR1) Adina lithium project, showcasing potential targets.
In partnership with Laurentia Exploration, the exploration covered geological assessments, drilling, and sampling over 666 kilometres.
The team collected 209 rock chip samples and initiated a soil sampling program gathering 2220 samples, leading to a revised geological interpretation.
This work identified a major east-west fault shear corridor, and the first drilling targets for 2024 are located within it based on anomalous lithium, caesium, tantalum, beryllium, tin, niobium, and tungsten anomalies and trends.
LU7 shares last traded at 2.2 cents.
