Post by
lotsofcash8 on Nov 07, 2021 8:55pm
Some DD
Lithium Energi is therefore aligned with Albemarle’s best ongoing efforts in Argentina– not just to find a deposit, but to find a monster deposit that can be defined in a maiden NI 43-101 mineral resource estimate.
To recap, 1) LEXI controls 100% of 128,673 ha in and around a one of the most highly prospective salars in Argentina, 2) that’s a very large land package compared to other juniors with Li brine assets in Argentina, 3) there are noroyalties, debt, work commitments or further share issuance due to the vendors of the Antofalla properties.
In addition, LEXI has secured an exclusive right of first refusal to acquire > 100,000 ha of additional property in Catamarca, ~42,000 ha complimenting what the Company already has in Antofalla and ~60,000 ha in nearby Salar de Pipanaco. The claims in Pipanaco cover more than 85% of the salar and are at a low elevation of 700-750 m. At less than a two-hour drive from Catamarca city, this could be a prime site for a Li extraction and/or refining facility.
In the Antofalla salar alone, these acquisitions would increase LEXI’s holdings to ~170,000 ha and expand its total Li brine prospects in Argentina to ~230,000 ha. This would make LEXI the 2nd largest Li claims holder in Argentina, after LSC Lithium (TSX-V: LSC).