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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | Maricunga | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 2/5/2020 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-2-2020: Lithium Power International Ltd. announces an EIA/ESIA report for its Maricunga deposit at the Maricunga project. Environmental Approval received for project. Lithium Power International Limited (ASX: LPI) (LPI or the Company) is pleased to anno | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Lithium Power International Limited (ASX: LPI) (LPI or the Company) is pleased to announce its joint venture company, Minera Salar Blanco S.A. (MSB), has today received environmental approval for the Maricunga project in the Atacama Region of northern Chile. The Chilean Government’s Central Environmental Committee has voted to approve the project’s Environmental Impact Assessment (EIA). This is one of the few EIA’s approved in Chile during recent years and it will enable MSB to become the third significant lithium operation in the country with an anticipated 20,000 tonnes annual production for an estimated capital investment of USD563 million. Focus will now be on finalising the financial structuring for the construction of the project, including possible off-take agreements. Construction is expected to commence by the end of Q3 2020. The EIA was submitted by MSB to the Chilean Environmental Authority, Servicio de Evaluación Ambiental (SEA), in September 2018 and wasthe culmination of more than two years of field and desk work. The process involved in-depth data gathering, a variety of environmental and engineering studies and monitoring campaigns carried out by experienced company management and consulting experts. | |
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