Pantera Lithium to Drill in Smackover Hotspot with Positive Market Outlook
Pantera Lithium’s executive chairman and CEO, Barnaby Egerton-Warburton, recently provided insights into the company’s advancements in the Smackover lithium brine play situated in southwest Arkansas during a discussion with Proactive’s Stephen Gunnion. Egerton-Warburton outlined Pantera’s upcoming drilling initiatives involving three wells, which will be instrumental in establishing a JORC resource, completing a pre-feasibility study (PFS), and setting up a pilot plant—a series of essential steps leading Pantera towards production.
A key accomplishment highlighted by Egerton-Warburton was Pantera’s exclusive abstract spanning 50,000 acres and its successful leasing of 26,000 acres to date. The identification of prime drilling locations has laid the groundwork for commencing drilling activities on the first well in the imminent months. Egerton-Warburton underlined the strategic positioning of Pantera in the Smackover hotspot, surrounded by prominent players such as Exxon, Equinor, and Albemarle, whose involvement validates the potential of the region.
In discussing the prevailing market conditions in the lithium sector, Egerton-Warburton dispelled concerns regarding sluggish electric vehicle (EV) demand and highlighted robust sales figures, particularly in China. He expressed optimism about a rebound in lithium prices by 2027 as demand surpasses supply levels. Pantera Lithium anticipates the evolution of a localized lithium supply chain in North America, aiming to reduce dependence on the fluctuating dynamics of the Chinese market.
Addressing potential investor interests, Egerton-Warburton accentuated Pantera’s distinctive standing as the sole junior lithium explorer operating in the region, offering substantial upside potential in comparison to major industry players. He underscored the significance of successful drilling operations in mitigating project risks and augmenting shareholder value.
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