Potash

Lithium X Energy Corp. (TSXV:LIX,OTCQB:LIXXF) filed its NI 43-101 technical report containing its first independent lithium, potassium and boron resource estimate for the Sal de los Angeles brine project at Salar de Diablillos in Salta province, Argentina,

Lithium X Energy Corp. (TSXV:LIX,OTCQB:LIXXF) filed its NI 43-101 technical report containing its first independent lithium, potassium and boron resource estimate for the Sal de los Angeles brine project at Salar de Diablillos in Salta province, Argentina,
Highlights of the report include: NI 43-101 Mineral Resource Estimate of 194,860 tonnes of lithium (1,037,000 tonnes of lithium carbonate equivalent) of Indicated, and 189,130 tonnes of lithium (1,007,000 tonnes of lithium carbonate equivalent) in Inferred category; significant potash by-product resource of 2,143,491 tonnes of potassium (4,088,000 tonnes of potassium chloride) Indicated, and 2,068,161 tonnes of potassium (3,948,000 tonnes potassium chloride) Inferred; High average grade of Indicated resource of 501 milligrams per litre (mg/L) lithium and 5,512 mg/L potassium; Low average magnesium to lithium ratio of 3.8
As quoted in the press release:

The NI 43-101 resource estimate, prepared by FloSolutions and summarized in Table 1 below, includes an Indicated component of 194,860 tonnes of lithium at an average grade of 501 milligrams per litre (“mg/l”) (1,037,000 tonnes of lithium carbonate equivalent) (“LCE”) and 2,143,491 tonnes of potassium at an average grade of 5,512 mg/l (4,088,000 tonnes of potash (“KCl”) equivalent). The resource estimate also established an inferred resource of 189,130 tonnes of lithium at 410 mg/l (1,007,000 tonnes of LCE) and 2,068,161 tonnes of potassium at 4,489 mg/l (3,948,000 tonnes KCl equivalent).
The resource estimate establishes Sal de los Angeles as a large and high grade undeveloped lithium brine project, with a Feasibility Study underway.

Click here for the full press release.

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