International Lithium and Ganfeng Set Budget for Mariana Brine Project

International Lithium Corp. (TSXV:ILC) announced that together with its joint venture partner Mariana Lithium Co. Ltd. it has put together a 2018 budget for continued work at the Argentina-based Mariana lithium brine project.
Mariana Lithium is a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (SZSE:002460).
As quoted in the press release:

Highlights of the US $17 million budget for 2018 include:

1. continued natural evaporation studies;
2. membrane separation studies;
3. aquifer characterization studies;
4. preliminary economic assessment (“PEA”); and
5. pre-feasibility studies (“PFS”).

Kirill Klip, executive chairman of International Lithium, commented:

We welcome very positive developments at the Mariana JV with our partner Ganfeng Lithium. The comprehensive budget for 2018 is expected to bring the Mariana JV to important valuation milestones for the Company; preliminary economic assessment and pre-feasibility studies. We are looking forward to the confirmation that membrane technology provided by Ganfeng Lithium will allow our joint venture operation to produce lithium hydroxide in Argentina.

Click here to read the full International Lithium Corp. (TSXV:ILC) press release.