Enertopia Corporation (CSE:TOP) (OTCMKTS:ENRT) is advancing its technology that allows the company to extract high-grade lithium at a lower cost.
In a statement on Thursday, Enertopia told investors that new test results from its Clayton Valley lithium project indicate the potential to process less material at a higher lithium grade. Enertopia is running in-house tests to establish the most cost-effective way to recover lithium from synthetic brines.
The Kelowna, BC-based company is undergoing testing on the project from three main zones at Clayton Valley to determine the distribution of the size fraction and lithium grade per size fraction in both wet and dry forms.
READ: Enertopia says solution testing of material from Clayton Valley project producing positive results
In the dry fraction, results showed that all three zones had dry fractions of 20 micrometres (um) or larger above 95% material content, indicating that presorting of dry material during the mining phase may not be needed.
The wet portion showed a material difference in grade between the fraction sizes in that most of the material greater than 95% fell into the smaller fraction size of less than 20 um.
"Our ongoing solution testing of the drilled lithium horizons continues to provide great insights and novel ways to strive for a low-cost mining and processing solution to unlock the potential value of the lithium enriched claystone," said CEO Robert McAllister.
In a statement, Enertopia cautioned that It is too early in the company's development to specify an exact timeline or particular production equipment, but it believes its goal is achievable at a much lower capital cost than current processing technology.
The company will focus on the next steps of its solutions to be run through column leach resin tests beginning in early June.
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