Lithium Power International Ltd (ASX: LPI)

Lithium Power International (LPI) is a pure-play lithium company focused on the development of Chile’s next high-grade lithium mine. The Maricunga JV, in which LPI holds a 51% interest, is the highest quality pre-production lithium brine project in South America and has one of the world’s highest-grade lithium resources at 1,167 mg/l lithium and 8,500 mg/l potassium. The 2019 JORC and NI 43-101 compliant resource estimate for the deposit totals 2.07 Mt LCE now all classified as Measured or Indicated & 5.38 Mt KCl from surface to 200m depth. Significant potential for resource expansion lies in an exploration target of 1.0 – 2.5 Mt of LCE and 3 – 6.6 Mt of KCl between 200m and 400m depth. The exploration target has been drilled to 360m and remains lithium enriched and open at depth. On February 19th, 2018 LPI announced the production of its first lithium carbonate sample from the Maricunga brine project. The sample has a purity of 99.4% lithium carbonate, consistent with battery grade Lithium Carbonate production such as by Albemarle and SQM in Chile. In September 2018, LPI, through its JV Company Minera Salar Blanco S.A. (MSB), submitted the Environmental Impact Assessment Report (EIA) for the Maricunga Project to the Chilean Environmental Authority, Servicio de Evaluación Ambiental (SEA). On 22 January 2019, LPI announced the completion of its +/-15% accuracy Definitive Feasibility Study (DFS) by Tier-1 engineering consultancy WorleyParsons. On 4 February 2020, LPI received environmental approval for the Maricunga Project. Construction is expected to commence by the end of Q3 2020.