here debug-> :lcxx11733

LithiumInvesting News

Your trusted source for investing success

Lithium

Request an Investor Kit: Millennial Lithium

By completing this form, you are giving consent to receive email from Millennial Lithium. And remember you can unsubscribe at any time.

This profile is part of a investor education campaign. The profile provides detailed information which was sourced and approved by Millennial Lithium in order to help investors make better investment decisions. The Company’s support of Investing News Network ensures we can continue to bring you unbiased, independent news and information.

Resource Investing News Featured Stock

Millennial Lithium - Advancing Premium Portfolio in Argentina's Lithium Belt

Millennial Lithium – Advancing Premium Portfolio in Argentina’s Lithium Belt

Overview

Millennial Lithium (TSXV:ML;OTCQB:MLNLF) is a resource extraction company focused on becoming one of Argentina’s next lithium producers. Argentina is a top-tier mining jurisdiction and hosts some of the world’s largest lithium resources. Millennial Lithium is building a strong portfolio of lithium projects in the Argentinean belt of South America’s Lithium Triangle. The company’s flagship project is the advanced-stage Pastos Grandes lithium project in Salta Province, the main hub for lithium projects in Argentina.

Millennial Lithium - Advancing Premium Portfolio in Argentina's Lithium Belt

Millennial Lithium’s other projects include the Cauchari East in Jujuy Province and the Cruz property in Salta Province. Cauchari East is adjacent to and contiguous with both Lithium America’s Cauchari Project and Orocobre’s producing Orlaroz Mine. Cruz is adjacent to Enirgi Group’s Rincon Project which has a definitive feasibility study as well as reserves and measured/indicated resources totaling 4.7 million tonnes of lithium carbonate equivalent.

The company is nearing completion of a Phase 1 drilling program at Pastos Grandes that includes three wells and is intended to establish an initial resource estimate on the project. The results from the first two wells confirm favorable grades (averaging 395 mg/l lithium) and brine chemistry that extends to depth. Results from the third well are due out in the first quarter of 2017. The company is on track to commence upcoming drill programs at both Cauchari and Cruz in 2017.

Ian Scarr, a well-known geologist in Argentina’s Salta Province, is the Vice President of Exploration and Development for Millennial Lithium. Scarr was instrumental in bringing the Sal de Vida lithium Brine project in Argentina through feasibility with Galaxy Resources. He also completed the definitive feasibility study on the Rincon project with Enirgi Group.

Investment Highlights

  • Lithium demand is expected to grow at an annual rate of 16 percent through 2025.
  • South American brine production is the most cost-competitive compared to other lithium sources.
  • Millennial is fast-tracking Pastos Grandes towards production with a goal of being a key player in Argentina’s growing lithium sector.
  • Expanding portfolio of highly prospective lithium projects covering over 20,000 hectares within the Argentinean belt of the South American lithium triangle.
  • World-class technical team and a management team of industry professionals with strong political and business relationships within Argentina.
  • Steady stream of news flow expected with active exploration campaigns on at least three properties in 2017.
Millennial Lithium - Advancing Premium Portfolio in Argentina's Lithium Belt

Millennial is acquiring strategically located projects in the Argentinean belt of the South American Lithium Triangle.

Flagship Property: Pastos Grandes

Advanced-stage development project strategically located in the proli­fic Salta Province.

The Pastos Grandes Lithium Project covers 1,221 hectares of the Pastos Grandes Salar at an elevation of 3,800 meters and is located 231 kilometers from the city of Salta. Millennial Lithium has the option to acquire a 100 percent interest in the property.

Pastos Grandes is accessible year-round via highway and roads from Salta. Existing infrastructure in the area includes an electrical power line, gas pipeline, and water system as well as nearby rail to Chile and Buenos Aires.

The previous operator completed more than $4 million in historical exploration on the property between 2011 and 2012, including six wells, CSAMT and SEV surveys, and pilot plant evaporation tests on site.

Sampling completed at Pastos Grandes shows the salar contains brines with a density of 1.2 mg/ml and a lithium grade of 400 mg/l to 600 mg/l with some values exceeding 3,000 mg/l lithium.

Fast-tracking toward production

Millennial Lithium is working to bring Pastos Grandes into commercial production within three years. The company has planned a process flowsheet that uses traditional processes and can be optimized for scalability.

Millennial Lithium - Advancing Premium Portfolio in Argentina's Lithium Belt

Phase 1 exploration encounters favorable grades and depth

Millennial commenced a Phase I lithium brine drilling program in November 2016 with a goal of delineating a continuous resource block and completing an initial resource estimate for Pastos Grandes. The results from the first two exploration wells confirmed that the brine of the salar extends to much greater depths than encountered in past exploration.

Brine samples collected from the first well, from surface to 355 meters, contained an average lithium grade of 395 mg/L with individual lithium grades as high as 471 mg/L. Brine samples collected from the second well, from 71 to 400 meters, contained an average lithium grade of 389 mg/L with individual samples as high as 399 mg/L lithium. These average grades from the first two wells are significantly higher than the results reported in historical drilling.

Phase I drilling was confined to the Northern portion of the salar. Millennial Lithium also plans to conduct drilling in the southern end of the salar where the company expects lithium values to be higher. Two historical wells drilled in 2011 in the southern portion of Pastos Grandes returned average lithium grades of 558 mg/L and 566 mg/L, significantly higher than the historical wells in the Northern portion.

Project Pipeline

Cauchari East

Orocobre is producing lithium carbonate from the same salar that extends beneath Millennial’s Cauchari East property.

The Cauchari East lithium project is located 280 kilometers from San Salvador, the capital city of Jujuy Province. The property covers nearly 3,000 hectares in the eastern portion of the Cauchari salar, the deepest part of the salar according to gravity surveys.

Both Orocobre and Lithium Americas have been exploring the Cauchari salar since 2009. Lithium America’s main resource and reserve is within 5 kilometers west of Millennial Lithium’s Cauchari East. The 2010 Technical Report for the Cauchari salar filed by Orocobre contains an extensive dataset which confirms that the brine resource extends to the east of the basin and toward Cauchari East.

Millennial Lithium plans to begin drilling at Cauchari East in the second quarter of 2017.

Cruz Project

Adjacent to Enirgi Group’s Rincon Project which has a definitive feasibility study and 4.7 million tonnes of LCE reserves and resources.

Millennial Lithium’s Cruz Project covers 2,500 hectares of the northern portion of the Pocitos salar in Salta Province.

Millennial Lithium - Advancing Premium Portfolio in Argentina's Lithium Belt

The Cruz property lies at the junction of a large N-S fault system and the Rincon Volcano—the possible source of the nearby Rincon salar lithium brine.

Historical government-conducted surface sampling in the 1970s south of the Cruz property resulted in lithium values as high as 400 mg/l. Further sampling completed more recently has shown higher lithium concentrations along deep faults which may be potential conduits for lithium-bearing fluids emitted from the Rincon Volcano.

Millennial Lithium is set to commence drilling at Cruz in the first quarter of 2017.

Management

Graham Harris, Chairman of the Board

Graham Harris has more than 30 years’ experience in the finance industry including as Senior Vice President and Director of Canaccord Capital Corp. from 1999 to 2004. Harris has directly raised over $250 million in development and venture capital for public and private companies worldwide. Currently, he is the CEO and Director of Cap‐Ex Iron Ore Ltd.; founding Director of High North Resources Ltd.; and Founder and owner of Sunrise Drilling Ltd.

Kyle Stevenson, President and Director

Kyle Stevenson has more than 15 years’ experience in finance, marketing and public relations. He is the Founder and past President/CEO of High North Resources Ltd., an oil and gas producer in Alberta Canada. Stevenson is the Founder of Liquid Entertainment and Waterproof Studios. Waterproof Studios is a top tier animation and visual effect studio that works with the world’s premier gaming and film companies. He is also the Founder and Director of RuralCom Networks, a licenses telecom provider and owner of Canadian 850 MHZ spectrum.

Iain Scarr (MBA, BSc. Geology), Chief Operating Officer

Iain Scarr worked primarily in industrial minerals exploration and commercial development from 1979-2009 with Rio Tinto where he was responsible for multiple discoveries in North and South America and Africa, and worked on the commercial justification for the Jadar lithium-borate resource in Serbia. Following his 29 years with Rio Tinto, Scarr joined Lithium One Inc. where he was responsible for bringing the Sal de Vida lithium Brine project in Argentina through feasibility with Galaxy Resources. Following Galaxy, he completed the definitive feasibility on the Rincon project with the Enirgi Group. During his time working on these world-class resources, Scarr established relationships with globally respected professionals from multiple disciplines world-wide.

Andrew Bowering, Director

Andrew Bowering has held senior executive positions and directorships in numerous public exploration companies over the last 25 years, with operations in Canada, US, Mexico, China, Argentina and Australia. He has directly raised over $100 million for mineral exploration and advanced development projects, in addition to leading several large acquisition programs. He is Founder and owner of Sunrise Drilling Ltd.

Brent Butler, Director

Brent Butler has more than 30 years of international geological and mine management experience. Butler is a former Managing Director of Kinross Gold Australia Pty Ltd. He is a Fellow Member FGS, SEG & Member AusIMM and PDAC.

Brian Morrison, Director

Brian Morrison is a self-employed management consultant to public companies and has provided services in a variety of management and financial oversight roles. He currently holds directorships in numerous public companies. Morrison has an indepth knowledge of securities markets regulatory affairs and investor relations.

Dr. Vijay Mehta, Advisory Board Director

Dr. Vijay Mehta has 45+ years of R&D and Manufacturing experience in the field of Ore and Brine based technology for recovery of lithium, potash, magnesium and boron to produce commercial scale high purity chemical products. He has extensive knowledge of lithium resources (brines and ores) and their chemistry, having visited all the lithium resources sites around the world. He has expert insight of lithium process technologies for the recovery of lithium into high purity Li2CO3, LiOH and more than 20 other lithium products (inorganic -organometallic). Dr. Mehta holds more than 12 US patents, +50 Technology reports and +10 publications.

G.A. (Ben) Binninger, Advisory Board Director

Ben Binninger is a chief executive with extensive experience leading and creating technically sophisticated process and service companies. These companies include global businesses of more than a billion dollars for ARCO, Hercules and Rio Tinto. His skills include mergers & acquisitions, turnarounds and public offerings. Binninger brings an unusual combination of global management, strategic positioning and financial expertise with hands on operating experience in chemicals, energy, materials, environmental and mining, as well as consulting, technology and defense. He has led businesses and negotiated deals and contracts for industry leaders with worldwide market shares from 40 percent to 90 percent across operations in 24 countries. He has commercialized novel technologies and developed new products, businesses and companies. His broad functional background includes sales, marketing, distribution, operations, technology, financial, business development and planning. He has strong expertise in strategic analysis, profit enhancement, financial restructuring, organizational realignment, external funding, cost control and environmental matters.

Request an Investor Kit: Millennial Lithium

By completing this form, you are giving consent to receive email from Millennial Lithium. And remember you can unsubscribe at any time.

Enter Your Log In Credentials
×

Privacy & Legal Policy

This website is part of the Investing News Network published by Dig Media Inc.

Overview

INN's mission is to be the world's number one source of independent, unbiased news and education helping investors realized their financial goals. We also strive to be internationally respected for our integrity, our people and our commitment to excellence. Therefore, we are very concerned with the privacy rights of our audience and are committed to protecting the information collected about you.We have taken extensive measures to protect the confidentiality of your personal information and to protect your data from misuse and unauthorized access or disclosure. Unfortunately, no data transmission over the Internet can be guaranteed to be 100% secure. As a result, Dig Media cannot ensure or warrant the security of the information you transmit to us and you do so at your own risk.

Contact Information

Our postal address is

L200 - 560 Beatty Street,

Vancouver, BC V6B 2L3

We can be reached via e-mail at info@digmediasolutions.com or telephone at +1-604-688-8231

Information Collected

For each visitor to our website, our web server automatically recognizes no information regarding the domain or e-mail address.

We collect information volunteered by the visitor, such as survey information and/or site registrations, name and address, telephone number.

The information we collect is used to notify visitors about updates to our website, shared with other reputable organizations to help them contact visitors for marketing purposes.

With respect to cookies: When you visit our websites, we send one or more cookies, a small file containing a string of characters, to your computer that uniquely identifies your browser during your visit. We use these cookies to maintain your connection as you move from page to page, and to ensure anything you submit, such as a comment or a form, is not rejected. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some website features or services may not function properly without cookies.

If you do not want to receive e-mail from us in the future, please let us know by sending us e-mail at the above address.

Persons who supply us with their telephone numbers on-line may receive telephone contact from us with information regarding new products and services or upcoming events. If you do not wish to receive such telephone calls, please let us know by sending us e-mail at the above address.

Ad Server

With respect to Ad Servers:

Other third-party companies which place advertising on our site may collect information about you when you view or click on their advertising through the use of their cookies or other tracking technologies, which may include delivering targeted advertisements and marketing messages based upon the third party websites that you visit, or other purposes. We cannot control this collection of information and are not responsible for the privacy policies and data collection, use and disclosure practices of these third party advertisers. You should contact these third party advertisers directly if you have any questions about their use of the information that they collect from you. Google-DoubleClick DFP is our third party ad server. If you would like to know more about their information gathering practices and opt-out procedures, please see Google ad policies.

Also, if you would like more information about this practice and to know your choices about not having this information used by these companies, please see NAI Opt-out Options.

Information Use

We only share personal information with other companies or individuals outside of the cases outlined above in the following limited circumstances:

We may share with third parties certain pieces of aggregated, non-personal information, such as the number of users who searched for a particular term, for example, or how many users clicked on a particular advertisement. Such information does not identify you individually.

Remarketing

We may remarket your information. Remarketing is a way for us to connect with users, based upon your past interactions with INN websites. Third-party marketing vendors may be hired by INN to perform remarketing services. As a result, third-party vendors, including Google, may show INN ads on sites on the internet. Third-party vendors, including Google, use cookies to serve ads based on a user's prior visits to INN websites.

To opt out of customized Google Display Network ads click here. To find out more about how Google uses any data it collects please visit http://www.google.com/privacy_ads.html.
Any information collected is used only for remarketing purposes and will not be used by them for any other purpose.

Future Use

From time to time, we may use visitor information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our website to notify you of these changes and provide you with the ability to opt out of these new uses. If you are concerned about how your information is used, you should check back at our website periodically.

Accessing Your Data

Please contact us at the address above for any additional questions about the management or use of personal data.

Upon request we provide site visitors with access to communications that the visitor has directed to our site (e.g., e-mails, customer inquiries), contact information (e.g., name, address, phone number) that we maintain about them.

Visitors can access this information by e-mailing us at the above address.

Upon request we offer visitors the ability to have inaccuracies corrected in contact information.

Visitors can have this information corrected by sending us e-mail at the above address.

Security

With respect to security: We have appropriate security measures in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.

Your Acceptance of These Terms

By using this site, or by submitting personal information to us, you signify your agreement to Dig Media's Privacy Policy and Terms of Use. From time to time we may change or update our piracy policies. It is your responsibility to check back regularly to inform yourself of such changes. Your continued use of this or any Dig Media website following the posting of changes to these terms will be deemed as your acceptance of those changes.

The foregoing policies are in effect as of August 1, 2012. Dig media reserves the right to change this policy statement at any time by posting the revised policy to this website. This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number.

×
Investing News Network