Kiwi lithium exploration business completes successful trials in Argentina and Chile. Helps power cars of the future
A massive shift toward lithium-ion battery-powered electric vehicles is coming and New Zealand based lithium exploration business Zelandez is playing a major role in helping power these vehicles.
It is high up in the Andes mountains where two-thirds of the world’s lithium resources sit, in a region straddling Argentina, Bolivia and Chile, known as the Lithium Triangle. Here, lithium is extracted from a salty water, known as brine, from vast underground reservoirs found beneath the many salt flats that dot the region.
It is here, Zelandez are using an advanced technology called Borehole Magnetic Resonance (BMR) to scan the rock of ancient underground aquifers in search of a salty water, called brine, which contains the prize, Lithium. The technique is very similar to how medical doctors use MRI images to scan the brain.
This helps provide surety to mining companies on the size of their mineral deposits, lower the costs of brine well testing, while increasing the efficiency of their production wells.
“The lithium brine mining industry is going through a significant growth and learning curve. It’s trying to reduce the time it takes to go from exploration to first production, in order to meet accelerating demand for Lithium, which is expected to increase eightfold over the next 10 years” says Zelandez CEO, Gene Morgan.
“Our clients are delighted with the results from Borehole Magnetic Resonance and we are proud to be helping to bring new technologies to the industry. We speed up exploration and development programs, by offering new ways of doing things with significant cost and time advantages”
The Lithium Ion Battery Market is expected to exceed more than US$ 69 Billion by 2022.
“It’s really exciting to be part of the global story around moving away from fossil fuel power. For example, electric vehicles like Tesla’s, scooters by the likes of Lime, battery power backup for major electricity grids, and many peoples homes are now using lithium batteries.”