Successful Production Test for Vulcan's Lionheart Well

Vulcan Energy Resources Limited reports successful production test results from the Lionheart Project's LSC-1bsidetrack well in Germany. The production potential of this well is estimated at 105 to 125 l/s, supporting the project's Field Development Plan (FDP). The test, operated at maximum capacity, confirms strong well deliverability, aligning with previous positive geological and lithium-brine findings.

Phase One Lionheart, fully financed since December 2025, aims for a production capacity of 24,000 tonnes of lithium hydroxide annually by 2028, leveraging the well's potential. Vulcan's subsidiary, Vercana, executed drilling safely and ahead of schedule. Four other wells in Phase One are already operational.

These outcomes boost confidence in the project's execution, as European electric vehicle and battery sectors anticipate the production.