https://www.miningweekly.com

Lithium Chile and Monumental partner on Laguna Blanca project

4th April 2022

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Lithium Chile has announced an arm’s length definitive option agreement with fellow-listed Monumental Minerals to earn up to 75% of the 5 200-ha Salar De Laguna Blanca project, near San Pedro de Atacama.

The Laguna Blanca project is located in the lithium triangle, a zone within the central Andes high desert that includes Chile, Argentina and Bolivia. This zone is estimated to contain more than half of the world’s lithium supply beneath its many salt flats.

The property consists of 23 exploration concessions, 100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile Limitada. The Laguna project includes both active and paleo salar brines and salts.

"With our energies currently focused on expanding our lithium resource on Salar de Arizaro property in Argentina, this joint venture will ensure work continues on one of our Chilean properties. The experience and expertise Monumental's team gained from working on Advantage Lithium's project in Argentina will be invaluable in advancing the Laguna Blanca project," said president and CEO Steve Cochrane.

To exercise the option to acquire a 75% interest in the Laguna project, Monumental must issue common shares, make certain staged cash payments to Lithium Chile and incur exploration expenditures.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

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:0.052 0.716s - 128pq - 2rq
Subscribe Now