POCITOS WEST PROJECT
The Pocitos West Project is located on the west side of the Pocitos Salar, Salta Adjacent to Pure Energy Minerals.
Lithium demand grew at an annual rate of 11% between 2010 and 2015 and is expected to grow at an annual rate of 16% until 2025.
Demand for personal electronic devices and the increasing adoption of electric vehicles has created extraordinary demand growth for lithium over the last decade, faster than we’ve witnessed for any major commodity over the past century.
15,857 hectares located on the west side of the Pocitos Salar, Salta Province Argentina.
The 60-kilometre-long Pocitos salar basin has been previously drill tested by 12 shallow holes in 1979 by an Argentine government agency.
The most significant result from the historical work program includes a shallow drill hole, which averaged 417 parts per million (ppm) lithium and 15,300 ppm potassium.
In 2010, Li3 Energy Inc. announced the results of 46 brine samples, with brine assays ranging from 300 ppm to 600 ppm lithium. These samples were taken immediately east of the Pocitos West property.
Previous geophysical studies conducted by Li3 Energy Inc. also demonstrate the Pocitos basin where sampled is approximately 500 meters deep and that the prospective brine target is open and extends westward towards the Pocitos West property.
The scientific and technical information relating to the Positos West Project contained herein has been prepared and verified by Iain Scarr, AIPG CPG., Chief Operating Officer of the and a Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
The project is largely de-risked by it low-tech, low-cost production profile.
The company is scheduled to publish a preliminary economic assessment (PEA) as early as the summer.
Cost-cutting synergies can be achieved by sharing power, rails, roads, and other logistical requirements with other operators.