viewInfinity Lithium Corporation Ltd

Infinity Lithium has San Jose mining application news pending

The company has been granted a trading halt which will remain in place until Monday, June 3, or until an announcement is released.

ASX boards
The San Jose project hosts the second largest lithium resource in the European Union

Infinity Lithium Corporation Ltd (ASX:INF) (FRA:3PM) has an update imminent on mining applications for its San Jose project in Spain and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal ASX trading on Monday, June 3, or when an announcement is released to the market, whichever occurs earliest.

Infinity Lithium’s shares last traded at 8.6 cents.

READ: Infinity Lithium well placed to serve Europe’s lithium industry

The company is well placed to capitalise on Europe’s strong lithium market fundamentals with its San Jose project.

An updated pre-feasibility study (PFS) for the project is on track for completion within the next two months.

This is assessing a fully integrated plan starting with mining and ending with the production of lithium hydroxide.

READ: Infinity Lithium updated PFS test work positive, remains on track

Stage I test work has been completed which focused on metallurgical tests designed to confirm previous upgrade factors from the November 2018 scoping study.

PFS consultant Wave International was able to produce suitable amounts of concentrate for stage II hydrometallurgical test work, which is designed to develop the sulphate-roast-water-leach flowsheet to a PFS standard.

After stage II, the leach solution produced will move to the final stage where through a process of purification and crystallisation lithium hydroxide will be produced.

Infinity recently increased its ownership in the project to 75% from 50%.

A November 2018 scoping study valued the lithium project at up to US$1.017 billion.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.082 AUD

Market: ASX
Market Cap: $19.58 m

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