Argentina Lithium Poised for Useful resource Calculation, CEO saysyoutu.be
Argentina Lithium and Vitality (TSXV:LIT,OTCQB:PNXLF,FWB:OAY3) is now trying in direction of a useful resource calculation as the corporate continues to attain good drill outcomes at its flagship Rincon West venture in Argentina, in accordance with CEO Nikolaos Cacos.
“If we proceed to get the sorts of outcomes that we have gotten to date, I believe the subsequent stage for us is instantly to maneuver in direction of a useful resource calculation, which might most likely get printed within the first quarter of 2023,” Cacos stated.
The Rincon West property is at present permitted for as much as 9 exploration drill holes, and Argentina Lithium has reported optimistic lithium brine values from the second diamond drill gap, demonstrating remarkably constant lithium grades.
“We have been very lucky to have acquired the venture and we have begun drilling there. We introduced earlier this yr that we have found lithium presence there and over some vital intersections on the similar grades as each our neighbors Rio Tinto (ASX:RIO) and Argosy (ASX:AGY) have,” Cacos stated.
Following the deliberate useful resource calculation, Cacos stated his firm will likely be in search of potential companions with direct lithium extraction (DLE) corporations to realize entry to the expertise. DLE is an environmentally secure and low-cost lithium extraction course of in comparison with conventional strategies.
“We’d both be seeking to accomplice up with one other main lithium producer, or one of many different two corporations which can be at present there,” Cacos stated. “It is a choice to be made at the moment.”
Argentina Lithium just lately closed the acquisition of the Rinconcita II mining concession space positioned on the Salar de Rincon in Salta Province Argentina from provincially owned firm Recursos Energéticos y Mineros Salta.
Watch the complete interview with Argentina Lithium CEO Nikolaos Cacos above.
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