Our Company

Lithium Power International (LPI) is a pure-play lithium company focused on the development of Chile’s next high-grade lithium mine. The Maricunga JV, in which LPI holds a 51% 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 1,167 mg/l lithium and 8,500 mg/l potassium. The 2019 JORC and NI 43-101 compliant resource estimate for the deposit totals 2.07 Mt LCE now all classified as Measured or Indicated & 5.38 Mt KCl from surface to 200m depth. Significant potential for resource expansion lies in an exploration target of 1.0 – 2.5 Mt of LCE and 3 – 6.6 Mt of KCl between 200m and 400m depth. The exploration target has been drilled to 360m and remains lithium enriched and open at depth.

 

On February 19th, 2018 LPI announced the production of its first lithium carbonate sample from the Maricunga brine projectThe sample has a purity of 99.4% lithium carbonate, consistent with battery grade Lithium Carbonate production such as by Albemarle and SQM in Chile.

In September 2018, LPI, through its JV Company Minera Salar Blanco S.A. (MSB), submitted the Environmental Impact Assessment Report (EIA) for the Maricunga Project to the Chilean Environmental Authority, Servicio de Evaluación Ambiental (SEA). Permitting and government approvals are expected by 3Q19, at which time LPI will make a production decision. Project financing is targeted in 2019 and start of construction in 2020. DFS results show that Maricunga will be a low-cost lithium producer with a long mine life.

 

On 22 January 2019, LPI announced the completion of its +/-15% accuracy Definitive Feasibility Study (DFS) by Tier-1 engineering consultancy WorleyParsons.

Lithium demand, driven by its use in automobile applications, is projected to grow 530% by 2030. Development projects to meet future demand growth are limited and new supply coming on stream is slow due to permitting and construction constraints.

 

Fast-tracking the high-grade Maricunga lithium brine project to production will be a key driver in increasing LPI’s future shareholder value. Projected low operating costs are expected to ensure long term profitability during potential future supply expansion. Success of the Maricunga JV is driven by LPI’s highly experienced and proven board, management and technical team with a history of success in mining, lithium exploration and strategic transactions.

Plans & Latest Developments

LPI has completed its DFS and submitted its EIAfollowed by the completion of its DFS in 4Q18. Test work has produced the first battery grade Li2CO3 sample, meeting commercial high quality specifications (Feb. 19).

 

Permitting and government approvals are expected by 3Q19, at which time LPI will make a production decision. Financing for the project is targeted to follow in 2019 and start of construction in 2020. Preliminary results of the pre-feasibility study indicate that Maricunga will be a low-cost lithium producer with a long mine life.