Pozuelos

On June 30th, 2017, LSC announced the completion of the LitheA Inc. acquisition. The acquisition added an additional 30,000 hectares to LSC's Argentina exploration portfolio. LSC's Salar de Pozuelos tenements (the "Pozuelos Property") located in the Province of Salta, Argentina, covers approximately 99% of the surface area of the Salar.  Based on available historical sampling and exploration data, management considers the Pozuelos Property to be one of the most important undeveloped lithium brine projects in  Argentina with the potential to be a significant lithium producer should the project successfully advance to a feasibility study level.

Key benefits of the acquisition:

  • The Pozuelos Property covers approximately 99% of the surface area of the Salar.
  • The Pozuelos Property has been subject to extensive exploration by LitheA Inc. since 2008.
  • Mature halite salar with good porosity.
  • Grades found to be consistently 500 to 600 mg/L Li down to 180m.*
  • LSC intends to pursue an expedited exploration program to advance the Pozuelos Property to feasibility study level as quickly as possible.

The Pozuelos Property is located in the Puna region of northwest Argentina, approximately 230 km west of the city of Salta and 150 km east of the Chilean border. 

LitheA Inc. has undertaken a number of exploration programs on salar de Pozuelos since acquiring the property. These have included surface sampling, geophysics, diamond core drilling and well drilling/pumping tests.

LSC has commenced and is undertaking a program of geophysical, diamond drilling and pump tests to confirm the prior exploration work by LitheA Inc. and to develop sufficient exploration data for an initial NI 43-101 compliant resource report. Work is currently underway with initial results expected in the second half of this year but no assurance can be made that there will be any category of mineral resource estimated pursuant to NI 43-101.

 

*Based on exploration work undertaken by LSC in 2017.