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Lithium Power International Announces Maricunga Lithium Brine Project, 3.7 Fold Increase in Mineral Resource Estimate

Highlights

 -  Major 3.7 fold increase of high grade Measured, Indicated and Inferred resource to 2.15 million tonnes (Mt) of lithium carbonate equivalent (LCE) and 5.7 Mt potassium chloride (KCl) to a depth of 200m in accordance with JORC Code (2012)

-  80% Measured and Indicated resource estimate for 1.72 Mt of LCE and 4.5 Mt of KCl with a 20% Inferred resource of 0.43 Mt of LCE and 1.2 Mt KCl

-  High quality resource, with one of the highest average resource concentrations globally of 1,160 mg/l lithium and 8,500 mg/l potassium, with very favourable porosity and permeability which are essential for resource extraction

-  Moderate magnesium/lithium ratio of 6.5, comparable to the Salar de Atacama, with a very low sulphate/lithium ratio of 0.8

-  Process test work advancing, with preliminary engineering and design underway and a pre-feasibility study targeted for release in 4Q CY17

Lithium Power International Limited (ASX:LPI) (“LPI” or “the Company”) is pleased to provide details of the updated resource estimate from drilling at the Maricunga lithium brine project in northern Chile by the Maricunga Joint Venture (MJV).


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