Quarterly Activities Report
- The Maricunga project's Environmental Impact Assessment (EIA) is in its final stage of formal assessment by Chilean government agencies, with MSB responding to further questions from agencies by providing additional documentation in support of the monitoring and analysis completed as part of the EIA. EIA approval is still forecasted in 4Q19.
- International bidding process for the EPC contract of the project commenced and is expected to be finalised by the end of October.
- The Company is in discussions with a number of international companies for the financing of the project. Approaches have been received from international companies for possible off-take deals and equity participation.
- Exploration activities in Western Australia are underway. LPI has properties in key locations including tenements adjacent to the Greenbushes and Pilgangoora mines and at Tabba Tabba in the Pilbara. Initial results from these activities are expected in 3Q19.
- Geological mapping and drill hole planning on the Tabba Tabba project confirmed the presence of extensive pegmatites through the greenstone belts on the property and 30 drill holes are planned for drilling. The drilling program commenced at Tabba Tabba in July with an initial drilling program of up to 4,000 m planned.
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About 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 Ltd