Neptune Energy receives two exploration licenses for lithium in Saxony-Anhalt

Neptune Energy is permitted to explore for lithium in northern Saxony-Anhalt. The company received the exploration licenses in mid-August from the responsible State Office for Geology and Mining (LAGB) in Saxony-Anhalt. In the permit areas „Milde A-L“ and „Milde C-L“, which include parts of the Altmarkkreis Salzwedel, Stendal and Börde districts, Neptune Energy has the right to explore for the lithium over the next five years. During this time, the experts will first evaluate data and create models of the subsurface before later – subject to the approval of further operating plans under mining law – an exploration well might be drilled in order to prove the lithium deposit. The LAGB provides further information on this in the official announcement at: https://lagb.sachsen-anhalt.de/service/bekanntmachungen.

In the nearby area of the Altmark district of Salzwedel, Neptune Energy already has a mining production license for lithium and geothermal energy. The presence of lithium has already been proven in this area and – subject to pending official approval – is to be extracted from the brine as part of a pilot test from the fourth quarter of 2024. Further information on this project can be found here.