COMPANY PROFILE
Summary
LITHIUM CHILE (TSX-V: LITH) has one of the largest land portfolios in the junior mining sector with properties on 13 lithium-rich salars, comprising of 111,978 hectares in Chile and 20,800 hectares in Argentina. The top priority projects have positive chemistry results from sampling, as well as community approval to drill. The Phase Two Exploration & Development Program is currently underway in Arizaro, Argentina to expand the reported resource of 3.32 million tonnes (LCE). Lithium Chile boasts a management team with proven leadership in the lithium space, as well as an experienced, Chilean, and Argentinean-based technical team. The Company has a significant cash position to support its aggressive 2023 exploration and development program in both Chile and Argentina.
Main Leadership
MANAGEMENT
Steve Cochrane, President & CEO
Mr. Cochrane has 36 years of investment industry experience during which he has participated in raising in excess of $500,000,000 for a variety of “small cap” public companies in various businesses and industry sectors including mining.
Michelle Dececco, MBA, Vice President & COO
Michelle DeCecco brings deep capital markets, investor relations, and corporate development experience to Lithium Chile, with over 20 years of experience in the public sector.
José Gustavo De Castro Alem, Manager of Lithium Operations
José Gustavo is an executive and chemical engineer with deep experience in international mining operation, project and commercial management.
Terence Walker, P.Geol., VP Exploration & Chief Geologist
Terence Walker is a highly-experienced geologist and a leading expert in hydrogeology. Terry has spent over 25 years in Chile’s mining industry and is well-connected throughout the sector.
Strategy
• Lithium Chile has one of the largest land portfolios in the junior mining sector with properties on 13 salars, totaling over 130,000 hectares.
• Ownership in a total of 111,978 hectares of lithium rich land in Chile.
• Control of 20,800 hectares in the ‘white gold rush’ Salta province in Argentina.
• 3,323,000 tonne Lithium Carbonate Equivalent Resource from the Salar de Arizaro in Argentina.
- The Phase Two Exploration & Development Program in Argentina on-going with a PEA underway and additional drilling to expand the Company’s resource.
- An Exploration Program in Chile on three key properties, each with historical results showing high grade lithium, beginning in the third quarter of 2023.
- Significant cash position with an experienced Management & Operational Team.
Corporate Presentation
Main Projects
ARGENTINA PROJECT: The Arizaro Project is located in the Salar de Arizaro in the Salta province of northwest Argentina. Lithium Chile controls 20,800 ha of legal concessions located mainly in the central part of the salar which is strategically located close to the best water supply area. Arizaro Project - Phase 2 Project: Lithium Chile commenced its Phase Two Program in June 2022 with the goal of establishing a measured resource, increasing the lithium carbonate equivalent grade and completing a PEA in preparation for a production facility on the Salar de Arizaro.
Phase Two Program Highlights include:
- Five to seven Exploration holes (Diamond Drill Rig)
- Four to five Production holes (Rotary Rig)
- One fresh-water well
- Metallurgical Studies
- An updated 43 101 report after each production hole.
- A preliminary Economic Assessment (PEA); analysis of the potential viability of the mineral resources.
- A permanent camp on the Western Flank of the Salar de Arizaro to house both the exploration team and the to accommodate the employees of the planned DLE production facility.
ARIZARO PROJECT: 43-101 Report
- Total Indicated and Inferred resource from Argento-1 is 1,430,000 metric tonnes of lithium carbonate equivalent.
- Total Indicated and Inferred resource from Argento-2 is 1,167,000 metric tonnes of lithium carbonate equivalent.
- Total Indicated and Inferred resource from ARDDH-05 is 671,000 metric tonnes of lithium carbonate equivalent.
- Total Indicated and Inferred resource is a total of 3,323,000 metric tonnes of LCE.
CHILEAN PROJECTS:
LLAMARA
35,500 hectare property with historic drill results showing lithium grades up to 343 mg/l. Currently completing a 74 kilometer TEM geophysical program over the new claims to define the highly conductive target on the Salar de Llamara. Conditional on the TEM results, a three to five well, exploration drill program is planned in the June of 2023.
LOS MORROS
A 1,700 hectare property covers about 30% of the Los Morros Salar. Recent brine sampling shows lithium grades of up to 700mg/l with a low magnesium impurity. A 1,500 meter drill program has been planned following the program at Llamara.
AGUAS CALIENTES
Detailed surface brine, sediment and rock sampling will begin in January on this 2,500-hectare property.
Prior government sampling returned lithium values of up to 380 mg/l from surface brine pools. Existing permits on part of the claims for borax mining will benefit the Company’s overall permitting process.
COIPASA
11,300-hectare property on the Andean Salar Belt on the border of Northern Chile and Bolivia. Near surface brine samples assaying up to 1410 mg/l. Grades comparable to production grades at the SQM and Albemarle’s Salar de Atacama production plants. Negotiating access rights with the indigenous community of Ancovinto is a priority for LITH in 2023.