Fast Facts

  • Large salar located in both Salta and Jujuy Provinces
  • Large land package of approximately 88,000 hectares 
  • LSC is positioned to be the sole operator on the Salar 
  • Excellent access – main highway crosses the Salar
  • Brine chemistry shows low Mg:Li ratio and favourable K:Li ratio

Given the size of this Salar, it has the potential to be LSC’s largest source of future production.*

Overview

Salar de Salinas Grandes is located in both the Provinces of Salta and Jujuy, approximately 68 km northeast of the town of San Antonio de los Cobres on Route National 52. Salar de Salinas Grandes lies at an elevation of 3,520 metres above sea level. Salinas Grandes is very large (surface area of approximately 220 square kilometres) and has a drainage basin extending over 4,630 square kilometres.

Salar de Salinas Grandes is well situated in relation to key infrastructure with the main highway crossing the salar and a gas pipeline situated to the north.

LSC’s ownership package consists of an 85% interest in 88,472 hectares of tenements and applications for tenements in Salar de Salinas Grandes, which is comprised of 100% interest in 60,947 hectares and a 51% interest in 27,525 hectares through a joint venture with Dajin Resources Corp. 

Through the joint venture with Dajin Resources, LSC also has a 51% interest in ~94,000 hectares in neighboring areas on laguna Guayatayoc and the Western Claim Block.

History of the Salar

LSC acquired its interests in the Salinas Grandes tenements in 2016 and 2017. Some of the tenements were previously owned, and exploration work was conducted by, ADY Resources Limited on behalf of Enirgi Group (ADY Resources is a wholly-owned subsidiary of Enirgi Group). These tenements were acquired in 2016.  Also in 2016, LSC acquired a 51% interest in a joint venture with the Argentine subsidiary of Dajin Resources Corp. (TSX-V: DJI) to explore and develop lithium brines on tenements and applications for tenements covering ~137,000 hectares in Salar de Salinas Grandes, laguna Guayatayoc, the Western Claim Block and laguna Palar.

In 2017, LSC acquired additional tenements in Salar de Salinas Grandes, including approximately 29,529 hectares from Orocobre Ltd. Prior work by Orocobre included surface sampling, 47 auger holes (depths between 4 and 20m), 12 diamond drill holes (average depth of 71.4m) and pumping tests.
   
A 2013 technical report prepared for Orocobre estimated an Inferred Mineral Resource over 11,620 hectares within the Salar de Salinas Grandes based on a boundary cut-off grade of 1,000 mg/L lithium and an average specific yield of 4.1% to a depth of 13.3m. The estimated brine volume was 56.5 million m3 at an average lithium grade of 795 mg/L lithium. This is equivalent to a resource of 239,200 tonnes of lithium carbonate equivalent.

Until such time as LSC has completed its verification work, LSC considers data related to the Orocobre Report and the data related to the Salinas Grandes tenements acquired by LSC to be historical data and/or historical resource estimates. LSC is not considering the historical resource estimate as a current resource estimate. No Qualified Person as defined by NI 43-101 has undertaken sufficient work to classify the historical resource estimate as a current resource estimate. 

Exploration Program

In the Salta province of Salar de Salinas Grandes, LSC intends to resample 11 drill holes, two trenches and 53 surface sample points on the tenements previously held by Orocobre Ltd. in order to verify the historic data associated with the property and thereby adopt and potentially upgrade the current NI 43-101 Mineral Resource report on these tenements. 

In the Jujuy province, LSC plans a program of gravity, VES and CS-AMT/TEM work to define basin dimensions and structure and aquifer zones. 

*Information on this web page contains forward-looking statements. See “Forward-Looking Statements”, “Cautionary Note on Future Production by LSC” and “Scientific and Technical Information on Material Properties” under the Legal Notice section of this website for important information and qualifications.

 1 See technical report titled "Technical Report on Salinas Grandes Lithium Project" dated April 16, 2012, amended August 12, 2013 prepared for Orocobre Ltd. filed on Orocobre's SEDAR profile (the "Orocobre Report").