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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | Maricunga | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 1/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-1-2018: Lithium Power International Ltd. announces a Scoping Study report for its Maricunga deposit at the Maricunga project. Clarrified Scoping study including further information and disclosure. Lithium Power International Limited (ASX: LPI) (“LPI” or | |
| Resources: | (Resource, Total): 5.13km3 aquifer @79g/m3 Li, 577g/m3 K at project | |
| CP/QP: | [Overall Report]: Marek Dworzanowski (WorleyParsons) | |
| ABSTRACT: | Lithium Power International Limited (ASX: LPI) (“LPI” or “the Company”), in order to comply with Australian Security Exchange’s (“ASX”) compliance and regulatory requirements, is pleased to provide an Amended Preliminary Economic Assessment (PEA) for its Maricunga lithium brine project in northern Chile by the Maricunga joint venture company, Minera Salar Blanco (MSB). It is noted that the content of the PEA remains unaltered, however further disclosure and additional information is provided to allow further compliance with ASX and JORC disclosure requirements Lithium Power International Limited (ASX: LPI) (“LPI” or “the Company”) is pleased to provide details of the Preliminary Economic Assessment(PEA) forits Maricunga lithium brine project in northern Chile by the Maricunga joint venture company, Minera Salar Blanco (MSB). Lithium Power International’s Chief Executive Officer, Martin Holland, commented: “Release of the PEA is a very important step towards becoming a lithium producer. The study demonstrates a very positive and robust outcome that justifies completion of a full feasibility study. The operating expenditure estimate places Maricunga in the lower quartile on the cost curve, at US$2,938/t (excluding KCl). The project has a payback of less than three years. It’s important to state that the high level of detail in this study meets international standards.” | |
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