PERTH – Junior lithium developer Arizona Lithium has signed a strategic alliance term sheet with Navajo Transitional Energy Company to manage all permitting and contract mining services for the Big Sandy lithium project, in the US.
The term sheet allows initial work by both companies on the development of the Big Sandy project, while allowing time for further due diligence and the development of a final definitive agreement.Big Sandy is currently estimated to host an indicated and inferred Joint Ore Reserves Committee-compliant resource of 32.5-million tonnes grading 1 850 parts per million lithium for 320 800 t of lithium carbonate.
Arizona Lithium recently started a definitive feasibility study into the project, after a scoping study confirmed Big Sandy as being well positioned to become a long-term lithium producer to supply the rapidly growing demand for electric vehicles in North America.