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Argentina Lithium & Energy Corp (TSXV:LIT) is targeting high-quality lithium projects in Argentina for acquisition and development with a focus on supplying the lithium-ion battery market. The company has the option to earn a 100-percent interest in the Arizaro Lithium Project, located in the mining-friendly province of Salta—in the heart of South America’s prolific Lithium Triangle.
Argentina Lithium is led by a best in-class team of experts experienced in the full-cycle of a lithium project from exploration and development through to processing and recovery. Dr. Daniel Galli, Director of Technical Operations, is a widely-recognized leader in Argentina’s lithium industry and was the driving force behind the development of processes for the production of lithium carbonate and battery grade lithium hydroxide from brines. Dr. Galli was instrumental in bringing the Rincon Lithium Project into production in Argentina.
Argentina Lithium’s board of directors benefits immensely from the knowledge and experience of members such as Nicolas Galli and Joseph Grosso. Galli has contributed to the development and construction of important lithium projects in Argentina including Orocobre, Enirgi and FMC. Mr. Grosso, one of the early pioneers of the mining sector in Argentina, is the Founder of The Grosso Group, which has a storied career in Argentina’s resource sector with a track record of success that includes three world-class precious metals discoveries. The Group’s valuable network of industry and government contacts offers a clear advantage to its member companies.
Argentina Lithium’s 2017 Exploration Program at Arizaro is underway with news flow expected to start in March 2017 and more to follow as the project advances over the coming year. The property remains underexplored with significant Blue Sky potential.
Argentina is the world’s third largest lithium producer, representing 12 percent of global output. The government of Argentina has enacted policies that are pro-mining and encourage foreign investment. The country’s leaders also back renewable energy initiatives. Energy storage plays a significant role in the rising demand for lithium. The global lithium-ion battery market is projected to reach $46.21 billion by 2022 with a CAGR of 10.8 percent, according to Allied Market Research.
- Energy from Experience: best in-class management/technical team with a proven success rate in prospecting and development in Argentina.
- Well-positioned the largest salar in Argentina, the third largest in the Lithium Triangle.
- 20,500-hectare under explored property highly prospective for high-grade brines; prior work reported sub-surface brines with up to 160 mg/L.
- Favorable jurisdiction with mining-friendly government policies.
- Excellent infrastructure: close proximity to rail, water and roads with new development ongoing in the region.
- Blue Sky potential with future growth through acquisition in the current salar and other areas within the Lithium Triangle.
- Shares largely held internally by management/board; member of The Grosso Group of companies.
Key Project: Arizaro Lithium Project, Salta Province, Argentina
The Arizaro Lithium Project covers 20,500 hectares in the central area of the Arizaro Salar in the key lithium province of Salta, Argentina. The Arizaro Salar is the largest salar in Argentina and the third largest salar in the Lithium Triangle. Situated at an altitude of 3,600 meters, the region is known to be hyper-arid with less than 30 millimeters of rain per year which is highly suitable for developing evaporation ponds.
Argentina Lithium’s management believes the property has the geological conditions and thickness to be highly prospective for quality lithium brines. Comparable with the typical salars in the triangle, the evaporates at Arizaro Salar are covered by surficial deposits along the eastern margin of the salar. The surrounding volcanoes to the north, east and south of the salar are believed to be the source of lithium in the basin as evidence by the presence of lithium bearing clay and lithium mica in the surrounding areas.
Strategic located near existing and developing infrastructure
As Salta is a well-known mining jurisdiction, excellent infrastructure is in place in close proximity to the Arizaroproject. An international railway crosses the property and leads to the Chilean deep water port of Antofagasta located approximately 450 kilometers to the west. Other nearby infrastructure includes access roads, high tension power and available water for development. Additional infrastructure development is expected in the near future following the advancement of several new mining projects in the area.
Nikolaos Cacos, M.I.M.—President, CEO and Director
Nikolas Cacos has two decades of management expertise in the mineral exploration industry. He holds extensive experience in administration and providing strategic planning for public companies. Cacos serves as director and officer of several publicly traded companies. He holds a Master of International Management degree from Heidelberg, Germany, and a Bachelor of Science degree from the University of British Columbia.
Joseph Grosso—Chairman and Director
Joseph Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment, and was named Argentina’s ‘Mining Man of The Year’ in 2005. His knowledge of Argentina was instrumental in attracting a premier team which led to the acquisition of key properties in Golden Arrow’s portfolio. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. Grosso’s specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of best practices in environmental protection and socio-economic development through mineral exploration. He is the founder and president of Grosso Group Management Ltd.
Dr. Daniel Galli—Director of Technical Operations
Dr. Daniel Galli is a highly respected professional mining entrepreneur with more than 40 years’ experience working on mining projects and processing of industrial minerals contained in the salt mines of the Argentine Puna and the Bolivian Altiplano, within the “Lithium Triangle”. His wide range of experience from early stage exploration to production has made him one of the highest profile consultants in the lithium industry in Argentina. Among his greatest achievements is the development of processes for the production of lithium carbonate and battery grade lithium hydroxide from the brines contained in the salt mines. All processes developed by Dr. Galli favor the use of clean energy, minimizing environmental impact while maximizing recovery not only of lithium but also other chemical elements of interest contained in the brines.
Dr. Galli graduated with a degree in Chemical Science with an emphasis on Industrial Chemistry from the University of Buenos Aires (Argentina) and holds the title of Doctor of Philosophy (PhD) awarded by Macquarie University, Sydney (Australia). Currently, he is a Professor of Thermodynamics at the Faculty of Engineering at the National University of Jujuy, Argentina.
Nicolas Galli. BASc. —Director
Nicolas Galli has extensive experience as a founder, partner and general manager of several service companies focused on lithium prospects in the Puna region of Argentina. Galli has gained valuable experience by contributing to the development and construction of important lithium projects in Argentina including Orocobre, Enirgi, FMC, and others. He holds a Chemical Engineering degree from Buenos Aires University.
David A. Terry, PhD, P.Geo. —Director
David Terry is a professional economic geologist, senior executive and corporate director with more than 25 years’ of international experience in the mineral resources sector. He has played key roles in the successful acquisition, exploration and development of a number of precious and base metal deposits, primarily in North and South America, and has expertise in advanced project evaluation, M&A, corporate finance, and design and execution of effective exploration programs. In addition, Dr. Terry has experience in the exploration and evaluation of lithium and potassium brine projects.
In the course of his career Dr. Terry has held executive positions and directorships with a number of publicly-listed and private mineral resource companies; he currently serves as a director of Golden Arrow Resources Corporation, Blue Sky Uranium Corp., Great Bear Resources Ltd., and as President and CEO of Comstock Metals Ltd. He has also worked with a number of senior mining companies including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation. Dr. Terry holds a B.Sc. and Ph.D. in geology from Western University in Ontario and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Nick DeMare, a chartered accountant, has been President of Chase Management Inc. since 1991, providing accounting, management, securities regulatory compliance and corporate secretarial services to private and public-listed companies. DeMare also serves as an officer and/or director of a number of public-listed companies. He holds a Bachelor of Commerce degree from the University of British Columbia and is a member of the Institute of Chartered Accountants of British Columbia.
Darren C. Urquhart, C.A.—CFO and Corporate Secretary
Darren Urquhart is a Chartered Accountant with more than 10 years of experience working in both public practice and industry. Urquhart is presently engaged in public practice accounting offering CFO and accounting services to TSX Venture Exchange listed exploration companies in the Vancouver area. He began his career working as an audit accountant with Grant Thornton LLP, then later worked as a senior tax accountant with Lohn Caulder Chartered Accountants and more recently served as a consultant to an international private equity company. Urquhart obtained his Chartered Accountant designation in 2001 and is a member of the Institute of Chartered Accountants of British Columbia. In 1995, he Urquhart obtained his B.A.Sc. (Electrical Engineering) from the University of British Columbia.