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Lithium Energi Exploration Inc.
Summary
| Project: | Antofalla | |
|---|---|---|
| Deposit: | Antofalla | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 2/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-2-2018: Lithium Energi Exploration Inc. announces an Exploration/Drilling Update report for its Antofalla deposit at the Antofalla project. Technical report of the property including its exploration history and recommendations. Lithium Energi Explorati | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lesley Rose-Watson, Caitlin Jeffs, John Harrop (Fladgate Exploration Consulting Corp.) | |
| ABSTRACT: | Lithium Energi Exploration Inc. (“Lithium Energi”), through its right to acquire 100% interest of the Antofalla Lithium Project, controls 92,733 hectares of semi‐contiguous mining concessions in and around the Antofalla Salar in northwest Argentina. Given their close proximity to one another, Lithium Energi’s concessions are generally referred to herein without distinction as the “Property”. The Property hosts brines containing elevated concentrations of lithium (“Li”), potassium (“K”), and boron (“B”). Lithium Energi’s Antofalla Lithium Project is a “greenfields” project in early‐stage exploration. There are no current or historical resources or reserves associated with the Property. Fladgate Exploration Consulting Corporation (“Fladgate”) has been retained to report on the Property. Lithium Energi owns 27 new mining claims totaling 77,867 hectares, and 7 contract claims totaling 14,866 hectares. As of the date of the current Technical Report (January 3, 2018), 23 of the new mining claims have achieved full grant status and 4 are still being processed by the provincial mining authorities. The 7 contract claims are still pending due to unresolved title conflicts. The Property is located 375 km northwest of San Fernando del Valle de Catamarca, in Catamarca Province in the High Cordilleran Andes of Argentina. The concessions begin on the northern border between Catamarca and Salta Provinces, and are semi‐contiguous in a SSW direction for roughly 100 km along the Antofalla Salar. The easternmost concessions lie 7 km from FMC Lithium’s operation at Salar del Hombre Muerto (“SHM”), while concessions in and around the center of the Antofalla Salar are contiguous with a block owned by Albemarle Corporation (NYSE: ALB). | |
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