Lithium Power International Limited (ASX:LPI) (‘LPI’ or ‘the Company’) is pleased to submit it’s quarterly Activity Report for the period ended 30 June 2017.
HIGHLIGHTS
- Major resource upgrade at the Maricunga lithium brine project in Chile with a 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) – an outstanding result for the company.
- 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.
- Process test work advancing, with preliminary engineering and design underway and a pre-feasibility study targeted for release in 4Q CY17.
- Ratification of issue of shares and options at the Annual General Meeting.
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