**Exploring the Potential of the Liberty Lithium Brine Project**
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At the Liberty Lithium Brine Project in the USA, drilling and geophysics have unveiled the presence of a substantial brine basin, with brine discovered over 400 meters vertically. Geological similarities to the nearby Silver Peak lithium brine producer Albemarle in Clayton Valley, Nevada, have been confirmed, along with promising initial lithium assay results, aquifers, and salinity.
Specialists in lithium brine are recommending further drilling to intersect deep lithium brines in the heart of the basin, in a more favorable setting west of recent drilling efforts. Discussions are ongoing with various battery supply participants in the USA, showing interest in collaborating with potential new lithium developers such as Stardust, who are set to IPO in June.
To facilitate additional drilling, the Option Agreements with QXR and IG Lithium are being amended. QXR is also set to provide an update on progress in gold exploration in Queensland.
The geological formations intersected, consisting of porous conglomerates saturated with brines beneath lake sediments, are highly encouraging. These formations bear resemblance to the lithium-producing sequences in Clayton Valley, Nevada. Initial downhole geophysics and brine sampling indicate increasing salinity and brine volumes with depth, pointing towards the discovery of an economically viable lithium brine deposit.
While the highest lithium assay values were found near the base of hole #2, the salinity and conductivity increased with depth, matching levels seen in known producers. The ingress of fresh water into the aquifers may explain the lower lithium values in the initial holes located on the periphery of the basin.
Looking ahead, QXR’s Managing Director, Stephen Promnitz, expressed optimism about the potential of the Liberty Lithium Brine Project. Plans for further drilling to the west aim to target higher-grade lithium brine deposits under deeper sediments.
Applications for additional drillholes are already in progress, with a revised drill program awaiting regulatory approval. Bulk brine samples will undergo testing with selected direct lithium extraction providers and lithium refiner Stardust Power Inc., with whom QXR holds a Letter of Intent. Stardust is slated to establish a lithium refinery in Oklahoma post its NASDAQ listing in June.
In summary, the Liberty Lithium Brine Project presents a rare opportunity for a large-scale brine basin with significant lithium potential in the USA. As exploration and development activities continue, the project’s potential remains promising for the future of domestic lithium production.