Other Projects

Greenbushes, Australia

Ownership:

100%

Status:

Exploration Stage

LPI holds granted exploration tenements extending over 400km2 in the Greenbushes region of southern Western Australia. They are adjacent to the world’s largest and highest grade hard rock lithium mine, owned and operated by Tianqi/Talison. The hard rock mine was established in 1983 and initially focused on tantalum production; however, the primary product is now lithium. The most recent public lithium resource for the mine was 119.4 Mt @ 2.42% Li2O as at 30 September 2013. Talison was taken over by Chinese lithium producer Chengdu Tianqi in 2012. LPI’s tenements include the Balingup project, extending north and west of the Tianqi/Talison mine, and the Brockman Highway project, which is south of the mine and divided by the Brockman Highway.

Greenbushes Operations

Pilbara, Western Australia

Ownership:

100%

Status:

Exploration Stage

LPI’s exploration tenements cover 203km² across the Pilbara region of northern Western Australia.  The Pilgangoora-Houston Creek tenement lies 3 km west of Pilbara Minerals’ (PLS.ASX) Pilgangoora Lithium-Tantalum project, which contains one of the world’s largest spodumene (lithium pyroxene) resources, and Altura Mining’s (AJM. ASX) Pilgangoora lithium project, scheduled for production in 2018.

October 2015 Technical Expedition

Centenario, Argentina

Ownership:

Divested

Status:

Exploration Stage

LPI held 6 granted tenements covering an area of 61.52km2 in the Centenario lithium brine salar within the Salta province of the Puna Plateau.  Last September, the Company signed a conditional Term Sheet for the divestment of 100% of the project in order to focus its resources on fast-tracking the development of its high-grade Maricunga lithium project in Chile. On December 4th the Company announced the execution of the Transaction documentation, following the successful completion of Centenario Limited’s due diligence on Centenario and receipt of advance payment of a total of AS$ 1M in cash  .The transaction is expected to be completed early 2018 and  has a total value of approximately  A$4M plus a 1.5% gross royalty and a backdated success fee.

October 2015 Due Diligence Expedition