Lithium Power International Limited (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is pleased to provide shareholders with the below update following Chief Executive Officer Martin Holland's interview with Finance New Network.
Lithium Power International Ltd
Lithium Power International Limited (ASX:LPI) (FRA:24L) is a pure-play lithium explorer and developer, focusing on developing and fast-tracking to production the high-grade Maricunga lithium brine project in Chile.
LPI has a well known performing technical team with the experience to take the Maricunga project all the way through the development stages to production.
The regions that LPI is currently focussed on are:
1. Maricunga JV (Chile) – On 13th September 2016, Lithium Power announced the creation of a new JV to develop the world-class Maricunga lithium brine deposit in northern Chile.
2. Pilbara (Western Australia) – LPI has one granted exploration tenement and two pending exploration applications covering 203km2 in the Pilbara region of northern Western Australia. The largest granted exploration tenement is at Pilgangoora-Houston Creek is 2-3km west of the Pilbara Minerals (ASX:PLS) and Altura Mining (ASX:AJM) lithium deposits.
3. Greenbushes (Western Australia) – LPI has two granted exploration tenements covering 400km2 in the Greenbushes area of southern Western Australia. The tenements are adjacent to the world’s largest hard rock lithium mine owned & operated by Tianqi/Talison.
4. Centenario (Argentina) –Through its Argentinian subsidiary, Lithium Power holds a total of 6 granted tenements in the Centenario lithium brine salar within the Salta province of the Puna Plateau. In total, the 6 granted tenements cover an area of 61.52km2. In addition, there is 1 further tenement in the grant review stage.
With the exception of the Maricunga JV, all tenements are 100% owned by LPI or LPSA (including rights to the Centenario tenement which is the subject of review by the Argentinian mining authorities).
Lithium Power International Ltd (ASX:LPI) Appointment of Mr Russell Barwick as Non-Executive Director
Lithium Power International Ltd (ASX:LPI) (OTCMKTS:LTHHF) is pleased to advise the appointment of Mr. Russell C Barwick Dip. Min Eng, FAusIMM, FAICD, as non-executive Director as at today's date.
Lithium Power International Ltd (ASX:LPI) (OTCMKTS:LTHHF) is pleased to provide an update of the developments of the Maricunga Lithium Brine Joint Venture Project in Chile. The Company also announces a successful institutional placement of approximately 31.58 million fully paid ordinary shares at an issue price of $0.38 to raise approximately $12 million.
Lithium Power International Limited (ASX:LPI) Positive Pump Testing Result at Maricunga Lithium Brine Project
Lithium Power International Limited (ASX:LPI) is pleased to advise completion of the pumping test at well P4 at the Maricunga lithium brine project in northern Chile. LPI is very encouraged by the high average brine flow rate, and lithium and potassium grades, which compare very favourably to other lithium brine projects currently in production and in development within South America.
Lithium Power International Ltd (ASX:LPI) Deep Drilling Confirms New High Grade Lithium Brine Discovery to 354m
Lithium Power International Ltd (ASX:LPI) are pleased to announce latest deep drilling confirms new high grade lithium brine discovery to 354m at the Maricunga Lithium Brine Project.
FINANCE VIDEO: Lithium Power International (ASX:LPI) Impressive Drill Results Point Towards Significant Resource Upgrade
Lithium Power International (ASX:LPI) is an ASX listed company who is currently developing the Maricunga lithium brine project in Chile. Maricunga is one of the highest grade lithium brine projects globally (1,250mg/l), and is surrounded by significant existing infrastructure (roads, power & work force).