Major milestone achieved with the submission of the Maricunga Project’s Environmental Impact Assessment (“EIA”) to the Chilean Environmental Authority, Servicio de Evaluación Ambiental (“SEA”), after more than 2 years of preparation.
During the EIA evaluation process, priorities will shift to secure finance for the Project and off-take agreements for the high-purity lithium carbonate output.
The Project will provide significant economic and social benefits for Chile and the Atacama Region. The Company expects to continue working closely with the Chilean authorities and contribute to strengthen the country's position on the global lithium industry.
The EIA submission follows completion of a Resource Report and Preliminary Economic Assessment (“PEA”) in 2017 and granting of a Nuclear Commission (“CCHEN”) permit in 2018.
The Definitive Feasibility Study (“DFS”) is expected to be finalised and released by the end of 2018 which will continue to demonstrate the outstanding value of the Maricunga Project.
Lithium Power International Limited (ASX: LPI) (“LPI” or “the Company”) through its JV Company, Minera Salar Blanco (“MSB”), advises that it has submitted the Environmental Impact Assessment Report (“EIA”) for the Maricunga Lithium Brine Project (the “Project”) to the Chilean Environmental Authority, Servicio de Evaluación Ambiental (“SEA”).
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