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Vulcan Energy Boosts Lithium Resource by 76% at Groundbreaking Mannheim Project in Germany

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By Colin Hay - 
Vulcan Energy ASX VUL Boosts Lithium Resource Mannheim Project Germany
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Vulcan Energy Resources (ASX: VUL) has achieved a number of significant milestones as it progresses the development of its world-first carbon-neutral, integrated lithium and renewable energy business to decarbonise battery production.

On the back of the receipt of new 3D seismic survey results, Vulcan has achieved a 76% increase in the lithium brine resource estimate for its Mannheim project in Germany.

The results have helped lift the estimated Mannheim lithium brine resource from 1,833 kilotonnes lithium carbonate equivalent (LCE) at a 153 magnesium-lithium (mg/Li) ratio to 3,225kt LCE at 155mg/Li.

Maiden Resource Estimate

The company has also undertaken a maiden geothermal energy resource estimate for the Mannheim licence area of the Upper Rhine Valley Brine Field (URVBF) as it progresses a scoping study for the project.

“The completion of the lithium brine resource update, together with our first geothermal energy resource estimate, is yet another step forward in advancing our pipeline of integrated lithium and renewable energy project development in the URVBF beyond our phase-one development,” chief executive officer Cris Moreno said.

“This further validates our strategy to replicate the current phase into future phases by utilising the URVBF bordering Germany and France.”

Significant Energy Resource

The large-scale in-place maiden geothermal resource is estimated at 2,848 petajoules (indicated) and 10,539PJ (inferred), of which the company considers 171PJ (indicated) and 377PJ (inferred) as recoverable.

Vulcan is aiming to deliver baseload geothermal heat from the Mannheim resource to the district heating network of leading German energy company MVV Energie AG, while simultaneously extracting sustainable lithium for EV battery production.

“The URVBF is the largest lithium resource in Europe, as well as one of the highest-quality brine geothermal resources, and therefore a significant asset for Europe’s energy and critical raw materials security,” Mr Moreno added.