Allkem (ASX:AKE) has announced its Olaroz resource has increased 27% to 20.7 million tonnes of lithium carbonate equivalent (LCE) comprising 7.6 Mt of Measured Resource, 7.1 Mt of Indicated Resource, and 6 Mt of Inferred Resource.
Allkem says total resources in the Olaroz-Cauchari basin are now 27 Mt LCE in all resource categories, confirming the basis' status of hosting one of the largest lithium resources in the world.
It also says the lithium grade of the Olaroz Salar Measured Resource os 657 mg/l lithium, with the underlying Indicated Resource and Inferred Resource 612 mg/l and 604 mg/l lithium respectively.
Allkem says the increased Olaroz Resource, together with the Cauchari Resource, support expansion from Stage 1 and 2 lithium carbonate production capacity (combined 42,500 tpa) and will form the basis for the Olaroz Stage 3/Cauchari expansion studies.