Lithium Power International Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Sydney, Oct 27, 2017 AEST (ABN Newswire) - Lithium Power International Limited (googlechartASX:LPI) (googlechartLTHHF:OTCMKTS) ('LPI' or 'the Company') is pleased to submit this Quarterly Activity Report for the period ended 30 September 2017.

HIGHLIGHTS

- 5% lithium concentration successfully achieved in Maricunga stage 1 process test work with stage 2 test work well underway and first production of Li2CO3 and KCL (test samples) expected by the end of December 2017.

- The process flow sheet (see Appendix A in link below) is now subject to final optimisation.

- Advanced production testing of the lithium and potash extraction processes continues at the pilot plant stage, using tier-1 equipment suppliers Veolia, GEA, Andritz and FLSmidth and certified laboratories using brine and salts from the Maricunga project site pilot ponds.

- The production process utilizes conventional brine processing technology, consisting of evaporation ponds for brine concentration and proven processes on the concentrated brine, to minimise uncertainty over future operations. The process will produce lithium carbonate with potash (KCl) as an additional product once the lithium operation is established. Engineering and plant design is well advanced for the Maricunga lithium project feasibility study.

- Geotechnical site investigation testing (pits, drilling) has been completed on the plant and pond sites to provide information for construction engineering design. The layout design of the ponds for brine evaporation is also nearing completion.

- The company signed a term sheet with Albertson Resources Pty Ltd to sell the Centenario lithium project in Argentina for a total of A$3.75M, with a 1.5% gross royalty. The initial payment of A$150,000 has been received, with an A$850,000 cash payment due on entry into the long form agreement and A$2.75M in cash or a total of A$3M, a mixture of A$1.5M in cash and A$1.5M in shares, should the buyer opt for a cash/ shares settlement.

- NI43-101 report released providing additional details on the updated Maricunga resource estimate, that resulted in a 3.7 fold increase of high grade Measured, Indicated and Inferred resource to 2.15Mt of lithium carbonate equivalent (LCE) and 5.7Mt potassium chloride (KCl) to a depth of 200m (reported in accordance with JORC Code (2012) on 12 July 2017).

To view the full report, please visit:
http://abnnewswire.net/lnk/311IYMX4

To view Quarterly Cashflow Report, please visit:
http://abnnewswire.net/lnk/F9B1KE91


About Lithium Power International Ltd

Lithium Power InternationalLithium 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.

https://twitter.com/LithiumPowerLPI https://www.linkedin.com/company-beta/17892940?pathWildcard=17892940 abnnewswire.com 


Contact

Martin C Holland - CEO
Lithium Power International
E: info@lithiumpowerinternational.com
T: +61-2-9276-1245
www.lithiumpowerinternational.com
Twitter: @LithiumPowerLPI



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