E3 Lithium Ltd V.ETL

Is Clarification of NR Necessary?

[Bookworm28]

Was the test's objective limited to demonstrating they could pull 400 cubic metres per day of brine from the reservoir and re-inject 1,200 cubic metres per day? If so, mission accomplished. It would have been nice to read something about their DLE and LCE numbers, but I don't think that was part of the test. Isn't that scheduled for next year? TIA.

[Greatvac1]

You are right Bookworm, not according to the newest corporate presentation, Oct 2022.  Have some timelines been setback a little?  Or am I mistaken?  It's must be very hard to have a set timeline in this environment.   A big question has been settled with the accomplished flows, at one time that was in question and now it's not. Very exciting to be invested here

[Bookworm28]

I'm pretty sure their previous corporate presentation had production happening in 2025, and I see it's now 2026. I didn't download the previous presentation, so it would be good to confirm. I'm really wanting to see the data from their July and August wells, where they say in their Sept 1 NR: "The brine samples are being analyzed by a third party laboratory to verify lithium

[Th3Hawk]

I don't see how the recent flow test has answered anything. It's only raised more questions in my mind.  E3 is planning to spend $200 mil on drilling wells for the commercial plant. And that's if each well can produce 3300 m3/day. If the wells only produce half that amount then it's $400 mil on wells. At the flows outlined in the Recent NR the company would have to spent $1

[ratpoysen]

I said a long time ago the projected production rates are completely BOGUS and always have been... There is no way they will ever produce 3,300 m3 per day per well. I remember saying they might be able to produce a few hundred m3 per day per well, but to predict a few thousand m3 per day per well is pure nonsense, and intentionally misleading, shameful promotion, or just sheer incompetence.