Sal de Vida Brine Project Overview
The flagship Sal de Vida Lithium Brine Project is located at Salar del Hombre Muerto, the only commercial lithium-producing salar in Argentina and the source of more than 16% of the world's production of lithium.
The brines in production at FMC Corporation's adjacent operation are peerless with respect to lithium grade and process chemistry. Lithium One's sampling continues to reveal similar grade and brine chemistry.
The Company controls more than 365 sq km of land, where an aggressive program is well underway, systematically de-risking the project and advancing towards the timely development of a low-cost source of lithium for a rapidly evolving market.
The systematic evaluation of the Sal de Vida Brine Project continues according to the $15 million work program approved by the Company and the Korea Consortium (KC) led by the Korea Resources Corporation (KORES). The KC is earning into the project by funding this program, retroactive to May 7, 2010 and through delivery of a definitive feasibility study in approximately 15 months. The KC will also guarantee the project debt facility for Lithium One's share of mine construction will negotiate an off-take agreement that will see the KC purchase at least 30% and up to 50% of the lithium production.
Current Exploration:
To date surface sampling has been completed over approximately one third of the Company's land holdings. Analytical results bring the cumulative average values over more than 225 km2 of
near-surface brine to 765 mg/L (650 ppm) lithium, 8,976 mg/L (0.76 %) potassium, and a magnesium to lithium ratio of 1.77.
Reports:
Technical Reports from Sal de Vida offer more detailed information on the project.
Location and Geology:
Lithium One has options to acquire over 365 square kilometres, or the majority of the eastern portion of the 600 square kilometre Hombre Muerto salar. The western half of the salar is the site of Argentina's only commercial scale lithium mining operation, Fénix, owned by Minera del Altiplano, a subsidiary of FMC Corporation. The 2008 production from the Fénix operation represented nearly 14% of the total world production of lithium metal.
History:
While the adjacent property has been in production for lithium since 1997, the eastern half of the Salar del Hombre Muerto has been controlled by parties focused only on surface borate exploration and production. The Sal de Vida project is the first lithium brine exploration and development project on the eastern half of the salar.
Photo Albums:
Our photo album highlights the work we are doing at the Salar del Hombre Muerto.
Disclaimer
The Company has conducted certain research on technical and production data from other operations. The Company has made every effort to be accurate and believes the data cited herein about FMC and their Fénix operation to be reliable. However, the Company cautions that this information with respect to the FMC property and operations could not be verified by the Company and is not necessarily indicative of the mineral endowment on the Sal de Vida Project or the potential production from any future mining on the Sal de Vida Property.
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