A.I.S. Resources Acquires Candela II Lithium Exploration Licence on Incahuasi Salar Argentina With Joint Venture Partner Spey Resources - Ekosolve Process Extracts More Than 90% Lithium From Brine

A.I.S. Resources Acquires Candela II Lithium Exploration Licence on Incahuasi Salar Argentina With Joint Venture Partner Spey Resources - Ekosolve Process Extracts More Than 90% Lithium From Brine

A.I.S. Resources Limited (TSXV: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that the Company along with its joint venture partner Spey Resources Corp. (“SPEY”) has acquired the Candela II Project in the Incahuasi Salar in Argentina. The Company paid US$1 million to purchase 100% interest in the project. Concurrently SPEY exercised its option with AIS to acquire an 80% interest in the Candela II Project by paying US$1 million to the Company. AIS retains a 20% interest in the Candela II Project.

Highlights of Candela II work completed to date:

  • 25 surface samples and 3 bulk samples.
  • 5 rotary drill holes with hole 5 down to 209 metres.
  • A NI43-101 report is being written by Montgomery & Associates.
  • Ekosolve™ reports from sample 002 that had 160ppm of lithium, recovery using a multiple wash program extracted more than 90% of the lithium contained in the brine, the highest known recovery ever recorded and published by a direct lithium extraction system using the Ekosolve™ DLE process.

Fig. 1 – Work continues to progress at the Candela II Project.

Production well program
A production well program will now be put in place to measure the brine flow and to determine the porosity and transmissivity of the aquifers. Concurrently, a larger pilot plant is now being designed to complete the proof of process for Ekosolve™ solvent exchange DLE lithium process.

SPEY has an option to acquire AIS’ remaining 20% interest in the Candela II project by paying US$6 million by March 18, 2023.

Pocitos 1 & 2 Options
In June 2021, AIS optioned its Pocitos 1 and 2 licences on the Pocitos Salar to SPEY Resources for an option fee of US$100,000 per exploration licence and 2,500,000 Spey common shares.

Spey will be able to exercise the Option and acquire a 100% interest in the Property from AIS by paying a total of US$1,732,000 (the “Purchase Price”) prior to June 23, 2022. In addition, Spey must complete a US$500,000 exploration program on the Property prior to June 23, 2022. Upon exercise of the Option and Spey’s acquisition of a 100% interest in the Property, AIS will retain a 7.5% royalty on the sales revenue of lithium carbonate or other lithium compounds from the Pocitos 1 and 2 properties, net of export taxes. Refer to press release dated June 24, 2021, for additional details.

In 2018 AIS completed two drill holes at Pocitos 1. The results from assays conducted by Alex Stewart show that lithium values of up to 125ppm Li were contained in brines that flowed from 350m to 400m intervals at more than 50,000L per minute. The project was abandoned in 2018 due to the high magnesium but now that Ekosolve™ is able to treat brines with high magnesium the project has become viable and was re-optioned in 2021.

Pocitos 7 & 9 and Yareta III Exploration Licence Options
AIS also has options on Pocitos 7 and 9 and Yareta III properties and is actively seeking joint venture partners to develop these lithium projects.

Pocitos 7 and 9 are located on the southern end of the Pocitos salar. A geophysics TEM survey and deep trench sampling was completed in 2018. The results showed low resistivity on the eastern side of the salar indicating sandy units containing brine may be present. The lithium values assayed in the trenches by Alex Stewart are as follows:

Pocitos 7

Pits (All Values in ppm (parts per million) 10,000 ppm=1%) Lat 24˚ 34’ 11.57”S Long 67˚ 00’ 50” (Pit 12)

Pocitos 9

Pits (All Values in ppm (parts per million) 10,000 ppm=1%) Lat 24˚ 35’ 52.86”Long 66˚ 59’ 20.62” (pit 17)

Yareta III Exploration Licence

Yareta III is at the southern end of the Cauchari Salar near Orocobre’s properties (now Allkem ASX:AKE). The project is not on the halite on the salar. A gravity survey and TEM survey was conducted by Orocobre in 2010 (the south east survey) with results that indicate that if brine is there concentrating at the southern end of the salar it will be at depth.

Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol, MBM, FAusIMM MAIG MAIMVA(CMV) who is a Qualified Person under the definitions established by the National Instrument 43-101 and is President, CEO of AIS Resources Ltd.

Fig. 2 – Yareta III exploration licence near Orocobre/Allkem.

About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. AIS’ value add strategy is to acquire prospective exploration projects and enhance their value by better defining the mineral resource with a view to attracting joint venture partners and enhancing the value of our portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements.

AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9km from Kirkland Lake’s Fosterville gold mine, a 60% interest in the 57sq km Bright Gold Project (with the right to acquire 100%), a 60% interest in the 58 sq km New South Wales Yalgogrin Gold Project (with the right to acquire 100%), and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near Stawell and Navarre. It also has a 20% joint venture interests with Spey Resources Corp in lithium brines in Argentina at the Incahuasi and Pocitos Salars.

On Behalf of the Board of Directors,
A.I.S. Resources Ltd.

Phillip Thomas, President & CEO

Corporate Contact
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-323 5155 164
E:pthomas@aisresources.com

Or
Martyn Element.Chairman
T: +1-604-220-6266
E:melement@aisresources.com
Website:www.aisresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source

The Conversation (0)
A.I.S. Resources

A.I.S. Resources

Overview

A.I.S. Resources Ltd. (TSXV:AIS,OTCQB:AISSF)is a diversified resource company working to be a high-quality producer of precious metals and battery materials, particularly lithium, manganese and gold. To fulfill this goal, the company has assembled a team of highly-qualified professionals with a track record of success in exploration, production, commodity trading and capital markets. A.I.S. Resources is currently focused on developing its pair of gold projects in Australia, the Yalgogrin orogenic gold project and the Toolleen-Fosterville gold project.

The Yalgogrin orogenic gold project is located in the historic West Wyalong gold corridor, which produced 445,700 ounces of gold between 1894 and 1921. A.I.S. Resources has confirmed existing gold assays at Yalgogrin after reviewing 12 drill core samples from the property. The advanced-stage Yalgogrin gold project has seen extensive gold production over the past 100 years, including three major gold prospects that are in operation as of Q3 2020: Cadia Newcrest, the Lake Cowal gold mine and the Northparkes copper-gold mine.

Keep reading...Show less

Exploring and Expanding Australian Gold Assets

Digital hexagons overlay construction site with an excavator and cloudy sky in the background.

Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

Keep reading...Show less
Stacks of US$100 bills with upward-pointing wooden arrows.

Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

China’s grip on the battery metals sector has drawn increasing scrutiny in recent years as nations confront growing concerns around supply chain risk and resource security.

Through a blend of domestic output and aggressive overseas investment, particularly in Africa and South America, Chinese companies now command a significant share of upstream supply.

The country is responsible for roughly 60 percent of global rare earths production and controls over 70 percent of cobalt supply through its stakes in mines across the Democratic Republic of Congo.

Keep reading...Show less
Magnifying glass focusing on the Albemarle website logo.

Albemarle's Commitment to Sustainability Shines in New Report

As global demand for critical minerals intensifies, Albemarle (NYSE:ALB) continues to position itself as a global leader not only in lithium production but also in sustainable practices.

In its newly released 2024 sustainability report, titled “Values-Led, Purpose-Driven,” the company underscores its commitment to reducing its environmental footprint across six continents, supporting global supply chains and promoting human rights across operations.

From cutting freshwater intensity at its Chilean operations by 28 percent to procuring 24 percent of its electricity from renewable sources, Albemarle is striving to grow its energy storage business while keeping carbon emissions flat, as it translates ESG goals into action.

Keep reading...Show less
Salt flats with text overlay: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Argosy Climbs 89 Percent on Rincon Lithium Spot Contract

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top performing stocks include firms focused on a wide variety of metals.

Lithium stocks, including top gainer Argosy Minerals (ASX:AGY), picked up momentum this week as prices moved upwards for a second straight week. Companies focused on magnetite and rare earths were also among the week's top performers, including Freehill Mining (ASX:FHS), which saw its shares surge following insider buying from key executives.

Keep reading...Show less
Metallic battery with a world map etched on it, against a dark background.

3 Key Themes from Fastmarkets' 2025 Lithium Supply & Battery Raw Materials Event

Market volatility, Chinese control, supply chain risk mitigation and financing emerged as some of the most prevalent themes at the 2025 Fastmarket’s Lithium Supply Battery Raw Materials (LBRM) conference in Las Vegas.

The event, which is in its 17th year, drew a crowd of roughly 1000 delegates, industry experts and analysts, to discuss the current landscape and future projections of the battery materials sector.

During his opening remarks, Fastmarkets CEO Raju Daswani highlighted the growth and maturation the battery raw materials sector has experienced.

Keep reading...Show less

Latest Press Releases

Related News

×