Lithium Power (“LPI”) is a pure-play lithium company focused on development of Chile’s next high-grade lithium mine. The Maricunga JV, in which LPI holds a 50% interest, is the highest quality pre-production lithium brine project in South America and has one of the world’s highest-grade lithium resources at 1,160 mg/l lithium and 8,500 mg/l potassium. The 2017 JORC and NI 43-101 compliant resource estimate for the deposit totals 2.15mt LCE & 5.7mt KCl from surface to 200m depth.
Significant potential for resource expansion lies in an exploration target of 1.0 – 2.5mt of LCE and 3 – 6.6mt of KCl between 200m and 400m depth. The exploration target has been drilled to 360m and remains lithium enriched and open at depth.