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International Lithium Corp.
Summary
| Project: | Mariana | |
|---|---|---|
| Deposit: | Mariana | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium | |
| Date: | 12/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2018: International Lithium Corp. announces a PEA report for its Mariana deposit at the Mariana project. PEA results incl. post-tax US $192M (10%), IRR of 20%, 25yr LOM at the project. Vancouver, B.C. December 6, 2018: International Lithium Corp. (th | |
| Resources: | (Resource, Ind.): 766Mm^3 brine @ 306mg/L Li, 9456mg/L K for 234.3Kt Li contained at project | |
| CP/QP: | [Overall Report]: Afzaal Pirzada (Not stated) | |
| ABSTRACT: | Vancouver, B.C. December 6, 2018: International Lithium Corp. (the “Company” or “ILC”) (TSXV: ILC) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for the Mariana Lithium Brine Project located in the province of Salta, Argentina. The PEA was prepared by Advisian (“Advisian”), a division of the WorleyParsons Group, for Mariana Lithium Corp. to provide a PEA of its Mariana Lithium Brine Project in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The PEA technical report assesses the potential economic viability of developing the 14 exploration licenses (Minas), that cover the Salar de Llullaillaco (the Salar) and surrounding area (23,560 hectares), for the purpose of extraction of lithium brine resources and processing of two products - Lithium Carbonate Equivalent and Sulphate of Potash. All figures are quoted in US dollars. It should be noted that the Company did not play any significant part in the production of the PEA report, and that the conclusions are therefore those of the consultants. Cautionary Note: The preliminary economic assessment (PEA) is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The PEA includes the results of an economic analysis of mineral resources, and mineral resources that are not mineral reserves do not have demonstrated economic viability. 1030 West Georgia Street, Suite 1910 Vancouver, British Columbia V6E 2Y3, Canada T: +1-604-449-6520 [email protected] www.internationallithium.com 2 Current ownership of the Mariana Project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, owned 82.754% by Ganfeng Lithium through its wholly-owned subsidiary, Mariana Litihium Corp. and 17.246% by ILC. In addition, ILC has an option to acquire another 10% in the Mariana Project through a back-in right. John Wisbey, Chairman and CEO of the Company said, “It is good finally to have received | |
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