Vulcan Energy Resources has continued the growth and diversification of its development portfolio as it aims to become the world’s first integrated lithium and renewable energy producer with a net-zero carbon footprint.
Vulcan Italian subsidiary has been granted a new Research Permit in Italy, named “Cesano” located 20 km NNW of Rome.
The Cesano Permit extends over an area of 11.5 km2 and includes an area where a single geothermal well yielded two “hot brine” samples that contained high average lithium-in-brine historical (1976) grades of 350 and 380 mg/l Li.
Vulcan considers the area to have the potential for sustainable lithium battery chemicals development in line with its Zero Carbon Lithium business, given the recorded high heat and lithium grades within the brine, and encouraging flow rates.
Vulcan’s in-house geological team in Germany will be collaborating with Italian geologists and local stakeholders to collate and assess historical data, verify the lithium content and assess the brine for potential lithium project development
If successful, the Cesano Project could provide a source of strategic, sustainable lithium in Italy for Europe’s battery and automotive market, and become a possible future additive to the Zero Carbon business.
Managing Director Dr. Francis Wedin commented: “Vulcan is aiming to increase the future supply of our sustainable lithium product in response to significant customer demand. By growing and diversifying our project development portfolio - an initiative we internally call “Project Rollo” - we ultimately aim to develop a global Zero Carbon Lithium business focused on Europe, and to become a significant producer of renewable energy and sustainable lithium for electric vehicles. Ultimately, we aim to leverage our extensive experience in lithium extraction from heated brines to have a materially decarbonising effect on global electric vehicle supply chains and in doing so build stakeholder value.”