Brasilia, Brazil – September 13, 2024 – (SeaPRwire) – Kess Energy, an innovative Brasilia, Brazil-based lithium mining and exploration company, is pleased to announce the commencement of a comprehensive feasibility study on a new prospective project located on a newly acquired Caxeira lithium deposit, located in the state of Minas Gerais. This project represents a significant milestone in the company’s strategic efforts to expand its portfolio and strengthen Brazil’s position in the global lithium market.
Lithium-rich
The new deposit is situated in one of the most promising lithium-rich regions in the world. With growing global demand for lithium, driven by the unrelenting proliferation of electric vehicles (EVs) and demand for renewable energy storage solutions, this project is poised to contribute significantly to the supply of this critical mineral.
“We are excited to begin this new phase of development at this deposit,” said Isabel Manto, Chief Operations Officer of Kess Energy. “This feasibility study is a crucial step in assessing the full potential of the site, as we aim to bring sustainable and high-quality lithium production online to meet the increasing demands of the global market.”
Key Objectives
The feasibility study will focus on several key areas, including:
Resource Evaluation: Detailed geological assessments and drilling programs will be conducted to define the size, grade, and quality of the lithium resources within the Caxeira deposit.
Technical Analysis: The study will evaluate the most effective and sustainable mining and processing methods, ensuring the project aligns with the highest environmental and operational standards.
Economic Viability: Comprehensive financial modeling will be undertaken to assess the project’s economic potential, including capital and operating costs, projected revenues, and potential return on investment.
Environmental and Social Impact: Kess Energy is committed to responsible mining practices. The feasibility study will include an in-depth analysis of the potential environmental and social impacts of the project, with a focus on minimizing any adverse effects and maximizing benefits for the local communities.
Commitment to Sustainable Development
As part of its ongoing commitment to sustainability, Kess Energy will engage with local stakeholders, including government agencies, community leaders and environmental organizations, throughout the feasibility study process. The company is dedicated to ensuring that the Caxeira project contributes positively to the region’s economic development while preserving the environmental integrity of Minas Gerais.
The feasibility study is expected to be completed by January 2025, at which point Kess Energy will review the findings and make a final investment decision on the development of the Caxeira lithium deposit. Pending positive results, the company anticipates that the Caxeira project could become a major contributor to Brazil’s growing lithium production capacity.
“We believe that the Caxeira deposit has the potential to be a game-changer for both our company and Brazil’s role in the global lithium supply chain,” added Ms. Manto. “We are committed to advancing this project with the highest levels of professionalism and responsibility.”
About Kess Energy
Kess Energy is a junior lithium mining company dedicated to meeting the increasing global demand for lithium through responsible and sustainable mining practices that respect and consider the needs of the communities in which its assets are located. With a portfolio of high-quality lithium assets and a commitment to innovation, Kess Energy is well-positioned to play a pivotal role in the energy transition while enabling communities to share in the commercial benefits of its business. Know more please contact Phone No.: +55 61 4042 9257
Media Contact
Brand: Kess Energy
Contact: Joseph Hera
Email: contact@kessenergy.com
Website: https://kessenergy.com
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