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Infinity Lithium Corporation Ltd

Infinity Lithium PFS continues to confirm scoping study estimates

The PFS is evaluating the production of lithium hydroxide from the San José Lithium Project in Spain.

growth concept
The PFS builds on the successful November 2018 scoping study

Infinity Lithium Corporation Ltd (ASX:INF) has noted that its pre-feasibility study (PFS) work on its San Jose Lithium Project in Spain continues to confirm positive assumptions from the scoping study.

Following successful plant stage I and II test work, plant stage III test work has now provided further confirmation of the recycling and successful reuse of potassium sulphate in the roasting and water leach process.

Potassium sulphate is a key reagent required in the roasting process to extract the lithium product.

READ: Infinity Lithium to sell Gabonese potash assets as it focuses on lithium in Spain

The ability to recirculate potassium sulphate has the obvious benefit of lowering operating costs and final test are being completed.

Infinity expects ultimately a 90-100% recycling rate to be achieved, requiring minimal ‘fresh’ potassium or sodium sulphate ‘top up’ through the production cycle.

The finalisation of capital and operating costs can now occur, enabling Infinity to move forward towards completion and release of the PFS.

READ: Infinity Lithium Corporation's CEO and managing director buys shares on-market

Recently, the company's managing director and CEO Ryan Parkin purchased 134,000 shares in the company through on-market trades.

The $9,968 purchase increased his overall holding in the company to 223,182 shares.

Quick facts: Infinity Lithium Corporation Ltd

Price: $0.07

Market: ASX
Market Cap: $15.02 m
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