Green Shift Commodities acquires LFP Resources to enter lithium sector

Highlights:

• Entry into the lithium sector is a natural extension to the company’s existing exposure to clean energy and battery commodities which already includes uranium, phosphate, nickel, and vanadium at its Berlin project in Colombia.
• Argentina is one of the top lithium producing countries in the world and is geologically highly prospective; the GCOM team has deep experience operating exploration projects in the country.
• The district-scale land package covers areas of known lithium pegmatite occurrences discovered and sampled in the 1960’s by the Argentinian government, plus an additional tens of kilometres of prospective strike containing areas with similar geological and geophysical signatures.
• La Pintada and Manuel Choique granites (that extend over an area of 12 km x 7 km), which were the focus of the previous work, contain 19 known pegmatite dykes that returned lithium grades up to 4.76% Li₂O in historic sampling. Recent mapping has identified dozens of additional potential untested pegmatite dykes and has identified the potential for disseminated lithium mineralisation in granite in this area.
• The property is located in an area of good, all-season access and extensive infrastructure.
• Permitting required for systematic exploration of the property is underway. Planned exploration includes extensive sampling of outcropping pegmatite and geological mapping on closing of the LFP acquisition.

Trumbull Fisher, CEO and Director of GCOM, commented:

“We are very pleased to announce GCOM’s entry into the lithium sector where prices have increased dramatically recently due to rising demand for EV batteries. The district-scale land package we are acquiring offers the potential to explore known areas of lithium while, at the same time, secures an entire belt that has yet to be methodically explored. On a recent visit to the project area, I was very encouraged by the ease of access, the proximity to infrastructure and by the high-grade lithium exposed in the pegmatites exposed at surface. Additionally, through the acquisition, we will add a local technical team with tremendous experience exploring for lithium in Argentina. They are excited, as we are, to get work programs started immediately to test the potential of the incredibly large and prospective property area. While the Berlin project, with its uranium, phosphate, nickel, vanadium resources, continues to be of great importance to GCOM, this acquisition demonstrates our team’s plan to continue to expand further into the battery metals space.”

Read the article online at: https://www.globalminingreview.com/mining/05122022/green-shift-commodities-acquires-lfp-resources-to-enter-lithium-sector/