TSXV:LITH - Post Discussion
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Investorsnews on Dec 27, 2022 2:57pm
Lithium Chile Inc Expands Resource by 81% Within a Year!
Lithium Chile Inc Expands Resource by 81% Within a Year! Earlier this month, this company completed an updated resource estimate on its flagship Arizaro de Salar project (Argentina). Indicated resources increased 49%, inferred increased 134%, and total resources increased 81%. The previous resource estimate (completed earlier this year) was based on one well, while the updated estimate was based on two wells. The second well was drilled 3.6 km away from the first. About our analyst: Siddharth Rajeev, B.Tech (Electronics Engineering), MBA (Finance), CFA. Analyst's Insights: • Tonnage has increased, with no material change in grades (297 mg/L). • Additional resource expansion is highly likely as the current resource estimate covers just 42% of the project’s main concession. This company has commenced drilling its third well. A resource update is expected in Q1- 2023. • Strong cash position, with $41M in working capital at the end of August 2022. Find out more in the full report: https://www.researchfrc.com/lithium-chile-inc-tsxv-lith-otcqb-ltmcf-expands-resource-by-81-within-a-year/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Lithium+Chile *FRC provides issuer-paid coverage. *Past performance is not indicative of future results.
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