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.
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.
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.
Cauchari results boost confidence in pending drilling now being finalised for Lake’s Olaroz project, aiming to repeat the success at Cauchari.
Positive outlook follows an increased focus by downstream battery companies on the benefits of low-cost brine production from the Lithium Triangle.