Li3 Energy, Inc., (OTCBB:LIEG) released their letter to shareholders from its Chief Executive Officer, Luis Saenz, including updates on the Maricunga project and upcoming milestones.
As quoted in the press release:
In delivering on our promises, we are proud to have largely caught up to our junior lithium mining peer group from a technical project development standpoint in a relatively short time. It is now the time to take the next steps for our Maricunga project and Li3 as a whole. Li3′s upcoming milestones include:
- $10 million POSCO Second Tranche of Funding (May/June 2012);
- Preliminary Economic Assessment (PEA) (June 2012);
- POSCO Test Facility (4Q 2012); and
- R3 Fusion Pilot Demonstration Facility (4Q 2012).