Lithium Power International Limited Provides an Update on the Working Program for its Maricunga Lithium Brine Project in Chile
January 26, 2021 at 04:28 pm
Lithium Power International Limited is providing an update on the working program for its Maricunga Lithium Brine Project in Chile. The company's proposed Maricunga Stage One has a nameplate capacity of 15,000 tonnes per annum of lithium carbonate production, with significant future expansion potential from subsequent stages. The Maricunga project, the highest-grade, undeveloped lithium project in Chile, is managed by Minera Salar Blanco (MSB), which is owned by LPI (51%), Borda Group (31%) and Bearing Lithium (18%). A new field program will be undertaken from February 2021 to update detailed engineering work to
re-size and optimise the revised Maricunga Stage One development. The program consists of 2,400m of drilling, along with sampling and hydraulic testing activities. Additionally, conceptual and numerical hydro-geological models including LEAPFROG, SGeMS and FEFLOW will be updated by Atacama Waters (formerly FloSolution) with the new exploration information and all existing information from the Definitive Feasibility Study.