The project has 939,080 tonnes of lithium carbonate equivalent in the measured and indicated mineral categories at an average grade of 464 milligrams per liter of lithium.
LSC Lithium (TSXV:LSC) has released a maiden mineral resource estimate for its Argentina-based Pastos Grandes salar.
The company says the project has 939,080 tonnes of lithium carbonate equivalent (LCE) in the measured and indicated mineral categories at an average grade of 464 milligrams per liter (mg/L) of lithium.
The estimate also shows 307,500 tonnes of LCE in the inferred category grading an average 467 mg/L lithium. According to the company, the resource remains open at depth.
With the completion of the resource estimate, LSC Lithium now has a total inventory of 2.23 million tonnes of LCE in the measured and indicated categories and 2.99 million tonnes of LCE in the inferred category. The material is located across Pastos Grandes as well as the Pozuelos and Rio Grande salars.
“We are extremely pleased with this robust resource from our Pastos Grandes project which marks another milestone in the development of the [Pozuelos-Pastos Grandes] project,” LSC Lithium President and CEO Ian Stalker said in a statement.
He added, “[w]ith an updated resource on Pozuelos expected to be released this month, we anticipate that the larger combined lithium carbonate equivalent inventory and the blend of the chemistry from both the Pozuelos and Pastos Grandes salars will add to the upside of the [Pozuelos-Pastos Grandes] project. It is also worth noting that the Pastos Grande resource remains open at depth.”
Moving forward, the company will work to complete an updated resource report for the Salar de Pozuelos property, along with a preliminary economic assessment (PEA) for the combined Pozuelos-Pastos Grandes project.
The PEA will be based on a target production rate of 20,000 tonnes per annum of lithium carbonate, as the resource at Pastos Grandes and Pozuelos’ updated resource will be used to feed the lithium production system for Pozuelos-Pastos Grandes. The company expects the PEA to be announced by the end of November 2018.
Pozuelos’ current resource estimate sits at 1.29 million tonnes of LCE in the measured and indicated mineral resource categories, and 497,000 tonnes in the inferred category.
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Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.