Case Study - Arizona Lithium Limited (ASX:AZL), formerly Hawkstone Mining Ltd (ASX:HWK)

November 20, 2021

Arizona Lithium Limited (ASX:AZL) is a mining explorer focused on the exploration and development of its 100% owned Big Sandy lithium Project in Arizona, USA and its Lordsburg lithium project near the New Mexico/Arizona border.

Key Investment Highlights:  

Big Sandy Project (100% owned):

  • Initial resource of 320,800 tons of LCE from 4% of the 100% owned landholding in Arizona, in close proximity to industrial processing locations
  • Resource - estimate includes 12.7Mt grading 2,360ppm Li above cutoff of 2,000ppm (49% of the contained LCE)
  • Production of high-quality battery grade Lithium Carbonate of 99.8% purity (Battery Grade must be greater than 99.5%)
  • Superior infrastructure located just of highway I-93 connecting interstate routes crossing the USA
  • Arizona is a fast-growing mining friendly state (4th largest copper producer worldwide) and is open to development/providing incentives
  • Lithium became a US strategic mineral in 2018 with recently introduced Federal permitting incentives

Lorsburg Project:

  • Comprises 291 BLM claims covering 25km2 and is located in the southwest corner of New Mexico, easily accessible along the I-10 between Tucson, AZ and La Cruces, NM. Rail lines pass to the north of the Claim Block and through the lake system to the south.

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