FINAL RESULTS CONFIRM HIGH GRADE LITHIUM DISCOVERY AT CAUCHARI
Wide 506m Interval Highlights Potential Size of Lithium Brine Project
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Lithium brines intersected over 506m from 102m to a greater depth of 608m, the base of hole.
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Higher grades averaged 493 mg/L lithium in final results over a wide interval totaling 343m from Lake’s Cauchari Lithium Brine Project, Argentina, with highest results of 540mg/L lithium.
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Results confirm a significant discovery interpreted as an extension to the neighbouring world- class project, which has similar results of 580mg/L lithium average grade in Indicated resource (1) and is under construction for production next year.
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Cauchari results boost confidence in pending drilling now being finalised for Lake’s Olaroz project, aiming to repeat the success at Cauchari.
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Positive outlook follows an increased focus by downstream battery companies on the benefits of low-cost brine production from the Lithium Triangle.
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