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Aberdeen International Inc.
Summary
| Project: | Salar de los Angeles | |
|---|---|---|
| Deposit: | Salar de los Angeles | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium-Boron | |
| Date: | 5/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 1-5-2017: Aberdeen International Inc. announces a Resource Estimation report for its Salar de los Angeles deposit at the Salar de los Angeles project. Initial NI 43-101 compliant brine resource estimate for Salar de los Angeles. The Sal de los Angeles Pro | |
| Resources: | (Resource): 194860t @ 60.8g/m3 Li (Ind.) and 189130t @ 49.3g/m3 Li (Inf.) at project | |
| CP/QP: | [Resources]: Frederik Reidel (FloSolutions-Chile) | |
| ABSTRACT: | The Sal de los Angeles Project (the Project), that covers the vast majority of Salar de Diablillos, is an advanced exploration stage brine project that is characterized by elevated lithium, potassium, and boron hosted in a high altitude salar, or evaporitic basin. On December 29, 2015, Aberdeen International Inc. (Aberdeen) purchased Potasio y Litio de Argentina S.A. (PLASA) which owns the rights to the Salar de Diablillos from Rodinia. On March 3, 2016, Aberdeen sold the right to earn an 80% interest in the Project to Lithium X Energy Corporation (LiX). As part of the agreement, Lithium X is considered the initial operator of the Project for as long as it maintains interest greater than or equal to 50% in the Joint Venture. The Project was renamed to Sal de los Angeles Project. It is intended to develop the project from resource through to feasibility using a combination of extraction wells and surface ponds to produce concentrated brine. The first step, which is the subject of this technical report, is to integrate historical brine geochemical analyses with historical and more recent hydrogeological data in order to provide an updated mineral resource estimate. Recommendations for advancing the project are also included as part of this technical report. | |
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