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Li3 Energy, Inc. (OTCBB:LIEG) announced significant Measured and Inferred Resources in the NI 43-101 Technical Report for the Maricunga property, warranting further exploration work to advance it to the feasibility stage.
Li3 Energy, Inc. (OTCBB:LIEG) announced significant Measured and Inferred Resources in the NI 43-101 Technical Report for the Maricunga property, warranting further exploration work to advance it to the feasibility stage.
As quoted in the press release:
The key highlights of the Compliant Technical Report include:
• Further exploration work and expenditures are warranted to advance the Maricunga Project to the Feasibility Stage;
• The property holds significant potential for development as a source of lithium, potassium and boron;
• Exploration work indicates that the brines in the property are enriched in lithium and potassium and that the brine has a Mg/Li ratio permitting lithium recovery;
Li3 Energy CEO Luis Saenz said:
“With the findings of the NI 43-101 Report now complete, Li3 can focus on advancing Maricunga to the Feasibility Stage, completing the Preliminary Economic Assessment, obtaining the environmental impact studies, the permits necessary for our test facility and demonstration plant, and advancing our technology initiatives. Li3 looks forward to the future and our goals of unlocking the full potential of Maricunga, commercializing the asset and creating value for all of our stakeholders and strategic partners. We are also delighted to have Mr. Lubow join Li3. He has been providing us valuable counsel over the past year and a half, and we are pleased to welcome him to our management team.”
Click here to read the Li3 Energy, Inc. (OTCBB:LIEG) press release
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