https://www.miningweekly.com
Energy|Exploration|Mining|PROJECT|Projects|Drilling
Energy|Exploration|Mining|PROJECT|Projects|Drilling
energy|exploration|mining|project|projects|drilling

Argentina Lithium takes option on new salars

9th November 2023

By: Creamer Media Reporter

     

Font size: - +

Vancouver-based Argentina Lithium and Energy has entered into two option agreements with local vendors to earn into two new mining concessions on salars in north-western Argentina.

The Don Fermin property adds 1 456 ha to the company’s holdings at Salar de Rincon, bringing the total Rincon West project area to 5 198.8 ha.

The Lexi-30 property option adds 789 ha to the company’s Antofalla North project, increasing the holdings controlled by the company to 16 619.5 ha.

"We continue to emphasise accretion of prospective resource properties to our first-tier projects at Rincon and Antofalla North. These new areas will be incorporated into our exploration programmes, and we are planning to deploy advanced geophysics to confirm the presence of brine aquifers followed by drilling and pump tests to evaluate their potential for hosting lithium in brines.

“Our financing agreement with Stellantis, announced on September 27, places us in a strong position to acquire and fully explore highly prospective salar properties as they come available,” said CEO Nikolaos Cacos.

To acquire the properties. Argentina Lithium will make cash payments totalling $2.75-million over 18 months, including an initial nonreimbursable payment of $250 000. The vendor retains a 1.5% net smelter royalty, which can be repurchased for $4-million.

Edited by Creamer Media Reporter

Comments

Latest News

Anglo owns the Quellaveco mine in Peru
Anglo’s copper assets worth $35bn, report shows
Updated 7 hours ago By: Mariaan Webb

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.101 0.136s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: