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  • ION Energy Limited (ION) has commenced exploration at the Baavhai Uul Lithium Salar Project
  • Drilling has commenced on at least 21 drill holes
  • The Baavhai Uul lithium brine project represents the largest and first lithium brine exploration licence award in Mongolia
  • Ion Energy Ltd is engaged in the exploration and development of lithium salars
  • Ion Energy Ltd. (ION) is up 4 per cent, trading at C$0.52 per share at 1:30 pm ET

ION Energy Limited (ION) has commenced exploration at the Baavhai Uul Lithium Salar Project in South Eastern Mongolia.

Highlights

  • Exploration camp built with twelve personnel on-site
  • Drilling rig on site and core drilling has commenced
  • Truck-mounted auger drilling expected on site within weeks
  • The company now holds licences on over 110,000Ha
  • Fully funded exploration commenced on one of the world’s largest lithium salar holdings and where no modern exploration has ever been completed.

“Mongolia as a nation has shown prudence with respect to managing the Pandemic and we are pleased to announce that our staff have all received two shots of the vaccine, built the exploration camp and the drill is now turning at Baavhai Uul, our flagship asset,” said Ali Haji, CEO of ION Energy Ltd.

ION Energy has begun the expanded exploration program to fast track the exploration of its Lithium Salar Projects in Mongolia. Drilling has commenced on at least 21 drill holes through the highlighted prospective basins. Sampling of sediments and aquifers will be completed during the drilling phase. The first drilling ever completed on Lithium Salars in Mongolia has commenced.

ION Energy is committed to exploring and developing Mongolia’s lithium salars. ION’s flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia.

ION also holds the 29,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia.

Ion Energy Ltd is engaged in the exploration and development of lithium salars. The company is focused on the Baavhai Uul Lithium Brine Project.

Ion Energy Ltd. (ION) is up 4 per cent, trading at C$0.52 per share at 1:30 pm ET.

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