American Salars acquires project in Argentina

The project has an NI 43-101 Mineral Resource Estimate (MRE) prepared in December 2023, consisting of an inferred 760 000 t lithium carbonate equivalent (LCE). The MRE is contained on the Pocitos 1 block (800 ha.) in combination with the neighbouring Pocitos 2 block (532 ha.). All of the drilling that makes up the basis of the MRE, on the combined Pocitos 1 and Pocitos 2 blocks, occurred on the Pocitos 1 block that is being acquired by American Salars.

The MRE was prepared by WSP Australia Pty Ltd. that has extensive lithium resource experience working on many of the major lithium resources globally. The MRE will be updated to reflect the proportional lithium resource on the Pocitos 1 block and additional upcoming work on porosity and permeability will also enhance the updated MRE.

Nick Horsley, CEO and Director stated, “We are excited to add the Pocitos 1 lithium salar project to our Argentina lithium portfolio. We now control both the Candela II lithium salar project with an inferred LCE of 457 000 t and the Pocitos 1 project, which in combination with its neighbouring Pocitos 2 block, hosts 760 000 t LCE. We look forward to working with our technical team to update the NI 43-101 mineral resource estimate to reflect our Pocitos 1 concession which represents approximately 60% of the combined ground used in the existing mineral resource estimate and hosts all of the drilling to date.”

Read the article online at: https://www.globalminingreview.com/mining/20062024/american-salars-acquires-project-in-argentina/