The development comes on the heels of Cornish Lithium's strategic collaboration with Australia's Lepidico, granting the UK-based firm an exclusive technology licence.

"The next phase of work, which will shortly commence at Trelavour, will run in parallel with studies which continue to advance the company's lithium in geothermal waters projects across Cornwall," Cornish Lithium Chief Executive Officer Jeremy Wrathall said in a statement.

(Reporting by Jasmine I S in Bengaluru; Editing by Subhranshu Sahu)