Lithium Power International Limited (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is pleased to submit its quarterly Activity Report for the period ended 31 December 2019.

The Maricunga project's Environmental Impact Assessment (EIA) is progressing through the assessment process by Chilean authorities. Our responses to a third and final set of questions or observations were submitted to the Authority on 22 November 2019, with the final 60-day review by the Authority commencing as of that date. We therefore expect a final resolution to the EIA in Q1 2020.

The Company is advancing in discussions with a number of well-established companies and different financial institutions regarding future product off-take and project finance for the construction of the project.

The Engineering, Procurement and Construction (EPC) bidding process is underway and expected to be finalised in April 2020 with in-depth discussions with a number of competing international engineering Contractors continuing.

During the Quarter, CODELCO, the Chilean State-owned mining company, continued to advance their due diligence of MSB's records and technical data associated with the project. The MOU, signed in August 2019, will define terms for the negotiation of a definitive agreement to form a new joint venture allowing to develop the Maricunga Salar under a private-public ownership structure.

In Argentina, discussions are being finalised for the entering into a joint venture to advance the development of the Company's lithium brine project assets in the Centenario Salar.

Approval was received for exploration activities in the Greenbushes project. During the quarter additional laterite and soil sampling was completed in forestry areas to define areas for exploratory drilling.

To view the quarterly report, please visit:
https://abnnewswire.net/lnk/208F6R9A


About Lithium Power International Ltd

Lithium Power International Limited (ASX:LPI) is a pure play lithium company with three distinct project regions to provide diversification. One is located in South America's brine region and three are in Australia's spodumene hard rock areas of Western Australia.

The primary focus is to develop of Chile's next high-grade lithium mine on the Maricunga Salar in an area known as the Lithium Triangle. The Company has also expanded its tenement holdings of lithium exploration prospects in Western Australia.

   

Contact

Cristobal Garcia-Huidobro - CEO;
or Andrew Phillips - CFO

Lithium Power International
E: info@lithiumpowerinternational.com
Ph: +61 2 9089 8723
www.lithiumpowerinternational.com
@LithiumPowerLPI



Link: Quarterly Activities Report


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