The Conversation (0)
Lithium Power International (ASX:LPI) is developing high-grade lithium mines in Chile and Australia. LPIs flagship project, The Blanco project, is located in Maricunga, Chile, and is the highest quality pre-production lithium brine project in South America. Combined with two lithium projects in Western Australia, LPI is set to produce high-quality lithium throughout three projects. Since Chile and Australia are the top two producers of lithium, LPI is poised for success.
The Maricunga project, also known as the Blanco project, was fully permitted by the Chilean authorities in 2020 after undergoing an environmental study. The project has been previously developed by Tier-1 companies, such as GEO, Stantec and Worley. Furthermore, a strategic alliance with Mitsui allows for increased funding options and offloads some of the responsibility for process engineering to Mitsui. An in-depth feasibility study shows that the facilities have been designed to mine lithium at a rate of 20,000 TPY by processing concentrated lithium brine.
Company Highlights
- Lithium Power International is a pure-play lithium mining company with three lithium projects located in Chile and Australia
- The Maricunga project, LPI’s flagship, has the potential to become Chile’s next high-grade lithium mine as it is located on Chile’s largest lithium brine deposit
- Selling a mining project in Argentina allowed the company to streamline its portfolio while also generating revenue
- Demand for lithium is already skyrocketing and is expected to exponentially increase alongside EV sales and the adoption of other green technologies
This Lithium Power profile is part of a paid investor education campaign.*
LPI:AU
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