https://www.miningweekly.com
Electrical|Energy|Engineering|Exploration|Mining|Power|Surface|Technology|Drilling
Electrical|Energy|Engineering|Exploration|Mining|Power|Surface|Technology|Drilling
electrical|energy|engineering|exploration|mining|power|surface|technology|drilling

Crowdfunded Cornish Lithium prepares to drill first exploration holes

2nd October 2019

By: Creamer Media Reporter

     

Font size: - +

British mining company Cornish Lithium is gearing up to drill its first exploration holes to test whether it is possible to exploit lithium from geothermal waters that occur naturally and circulate beneath historic mine workings in Cornwall.

The company has successfully raised £1.4-million in crowdfunding, welcoming 1 200 new investors, and is now preparing to proceed with drilling this month.

The holes will be drilled into prospective areas where geothermal waters are believed to exist, at depths of 800 m to 1 000 m.

In a company update, released on Wednesday, Cornish Lithium also detailed its other plans and said it would accelerate its desktop approach to explore for other battery metals in Cornwall.

The company would use computing technology to analyse historic mining records from the region’s mining past, which dates back to the Roman times or earlier.

Further, Cornish Lithium would investigate the possibility of combining geothermal energy and lithium extraction.

Geothermal Engineering Limited (GEL) had recently drilled two deep geothermal holes at United Downs near Redruth – a production hole 5 275 m deep and an injection hole 2 393 m deep – both of which targeted a similar geological structure to those targeted by Cornish Lithium.

Cornish Lithium explained that holes would allow GEL to generate electrical power using a turbine on surface, given the high temperature geothermal waters that existed at depth. 

“The development of direct lithium extraction technologies means that lithium can be extracted directly from geothermal waters in an environmentally responsible manner and, with these geothermal developments on the company’s doorstep, the company plans to evaluate the potential for combining lithium extraction with geothermal energy, given the low carbon footprint that this combination allows.”

The lithium hopeful would also continue to evaluate the potential for lithium extraction from hard-rock sources in Cornwall, particularly in an area where a lithium mine is understood to have operated during World War II.



 

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.198s - 90pq - 2rq
Subscribe Now