Activity Report for the Quarter ended June 2019
Lithium Power International Limited (ASX: LPI) (LPI or the Company) is pleased to submit its quarterly Activity Report for the period ended 30 June 2019.
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The Maricunga project’s Environmental Impact Assessment (EIA) is in its final stage of formal assessment by Chilean government agencies, with MSB responding to further questions from agencies by providing additional documentation in support of the monitoring and analysis completed as part of the EIA. EIA approval is still forecasted in 4Q19.
International bidding process for the EPC contract of the project commenced and is expected to be finalised by the end of October.
The Company is in discussions with a number of international companies for the financing of the project. Approaches have been received from international companies for possible off-take deals and equity participation.
Exploration activities in Western Australia are underway. LPI has properties in key locations including tenements adjacent to the Greenbushes and Pilgangoora mines and at Tabba Tabba in the Pilbara. Initial results from these activities are expected in 3Q19.
Geological mapping and drill hole planning on the Tabba Tabba project confirmed the presence of extensive pegmatites through the greenstone belts on the property and 30 drill holes are planned for drilling. The drilling program commenced at Tabba Tabba in July with an initial drilling program of up to 4,000 m planned.