Since returning from our recent site trip to Lithium Powers (LPI.ASX) Maricunga Lithium brine project in Chile, as well as results from the on-going exploration program, we believe that Lithium Power (could be on the verge of a significant re-rating given the potential that is beginning to be uncovered at the Maricunga Project.
Lithium Power International Limited (Lithium Power or LPI.AX) is an ASX listed diversified pure-play lithium explorer and developer with its head office in Sydney, Australia and satellite offices in Santiago, Chile and Buenos Aries, Argentina. The Company is focused on development of the world-class, high-grade, pre-production Maricunga Lithium Brine Project in Chile.
Lithium Power International offers a clear development project in South America. The Maricunga Brine Project offers lower operating costs, ensuring profitability during future supply expansion.
Since mid 2015, the lithium spot price has rallied strongly due to supply being unable to satisfy increasing battery demand.
Lithium Power International understands that developing and fast-tracking production of the world-class, high-grade Maricunga Lithium Project will be a key driver to increasing future shareholder value. Together the Board of Directors, management and technical team have over 160 years combined experience across mining, lithium exploration, and strategic transactions.
Square Kilometre Lithium Portfolio covering Australia and South America
USD/t spot in China based (refer Asian Metal website)
% increase in lithium carbonate spot price in China over the last 12mths
% of the world’s lithium supply comes from 5 producers
Electric Vehicles only sold globally in 2015
$ Billion Tesla's Market capitalisation
It is a real pleasure for me as CEO to announce the Maricunga resource upgrade. The project team has worked very hard to complete this and it is an excellent result for the company. Not only is the resource much larger than defined in 2012 but there is a very significant exploration target beneath the resource with reasonable expectation that deeper drilling would add further resources to the project.
– Martin Holland, Lithium Power International CEO.