Lithium Power International (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is the majority owner of the Minera Salar Blanco S.A. JV ("MSB") with its main asset, the Maricunga lithium brine project, located in Chile, 3750 metres above sea level and 160 kilometres from the city of Copiapo near the Argentinian border. The JV has three shareholders, LPI (51%), Minera Salar Blanco, also known as Minera, (31%) and Bearing Lithium (18%). The vast majority of LPI's valuation is its stake in the MSB, the central focus of this report, however, the company also has highly prospective exploration tenements in Western Australia (currently drilling at Tabba Tabba) and Argentina.

Since joining the MSB in 2016, LPI has injected $31m in staged payments, facilitating the accelerated development of the project using Tier 1 consultants to definitive feasibility stage by January 2019. These factors make the JV the most advanced undeveloped lithium project in Chile.

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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: Independent Research Report 2019


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