Given the easing of restrictions associated with Covid-19, Lithium Power International Limited (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is pleased to provide a general update of activities adding to the Quarterly Report released on 22 April 2020.
Lithium Power International Ltd
Lithium Power International Limited (ASX:LPI) 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 focused on are:
1. Maricunga JV (Chile) – Located within the "Lithium Triangle", Maricunga is Chile's highest grade and most advanced lithium project outside the Salar de Atacama. The project lies 170 km northeast of Copiapo and 250 km from the port of Caldera.
2. Pilbara (Western Australia) – LPI has three granted exploration tenements covering 203 km2 in the Pilbara region of northern Western Australia. The largest granted exploration tenement is the Pilgangoora tenement which is 2-3 km 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 400 km2 in the Greenbushes area of southern Western Australia. The tenements are adjacent to the world's largest hard rock lithium mine owned and operated by Tianqi/Talison.
4. Centenario (Argentina) – Through its Argentinian subsidiary, Lithium Power holds a total of seven granted tenements in the Centenario lithium brine salar within the Salta province of the Puna Plateau. In total, the seven granted tenements cover an area of 68.46 km2.
With the exception of the Maricunga JV, all tenements are 100% owned by LPI or LPSA (including rights to the Centenario tenements).
Lithium Power International Limited (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is pleased to submit its quarterly Activity Report for the period ended 31 March 2020.
Significant milestones occurred in the development of the Maricunga Lithium Brine Project in Chile during the financial half-year.
Lithium Power International Limited (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) 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.
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.
This is my third Annual General Meeting as Chairman of the Company and over the past twelve months significant progress has been made to the overall value of the company, particularly in the advancement of our Maricunga project, through our joint venture vehicle Minera Salar Blanco.
During the quarter Lithium Power International Ltd (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) announced a Memorandum of Understanding (MOU) with the Chilean Government mining company, CODELCO, which has been given the responsibility for advancing lithium joint ventures in Chile.
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.
Minera Salar Blanco S.A. (MSB), Lithium Power International Limited's (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) joint venture company, were informed today that the Chilean Environmental Service has extended the EIA evaluation process for 60 days.