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Economic Development

Mining firm set to start work on £4m lithium extraction plant

Cornish Lithium Ltd says it has found 'globally significant' deposits of valuable mineral used in automotive industry

A Cornish Lithium drilling operation in Cornwall(Image: Cornish Lithium website video)

A mining company has found “globally significant” deposits of valuable lithium in Cornwall and is preparing to start work on a £4million pilot plant to extract the mineral.

Cornish Lithium Ltd, a mineral exploration company hunting for “battery metals” in the South West, said the results from preliminary sampling of lithium in deep geothermal waters at the United

Downs Deep Geothermal Power Project near Redruth, Cornwall, indicate some of the highest grades of lithium found anywhere in the world.

Geothermal waters which contain lithium are different from other occurrences in brine given that the same water can be used to generate zero-carbon electrical power and heat. As such these waters are rapidly becoming recognised as the ultimate ethical source of lithium, the company said.

Jeremy Wrathall, Cornish Lithium Founder and chief executive(Image: Cornish Lithium website video)

Jeremy Wrathall, chief executive and founder of Cornish Lithium, said: “This is an exciting step towards the realisation of low-carbon lithium extraction from geothermal waters in Cornwall, and compliments Cornish Lithium’s work to date on exploring for lithium contained within shallower geothermal waters in the County.

“The pilot lithium extraction plant, part funded by the º£½ÇÊÓÆµ Government, that we will develop with Geothermal Engineering Ltd. at the United Downs Deep Geothermal Power Project will allow us to evaluate green Direct Lithium Extraction technologies which will bring us another step closer to commercial production of lithium in Cornwall.

“We now have increased confidence that these lithium-enriched geothermal waters can be found at depth across Cornwall and believe that there is significant potential to replicate combined lithium and geothermal extraction plants in different locations across the County where Cornish Lithium has mineral rights agreements in place”

The company, in collaboration with Geothermal Engineering Ltd (GEL), the developer of the United Downs Geothermal Power Project, was recently awarded funding from the Government’s Getting Building Fund to build a pilot lithium extraction plant at the United Downs site.