Exploring the most promising lithium deposit in the world: the lithium triangle

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Jim Gordon

Hi, I’m Jim Gordon. You are looking at Market One Minute. Joining us is Niko Cacos, President, CEO and Director of Argentina Lithium & Energy Corp. Welcome.

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Niko Cacos

Glad to be here.

Jim Gordon

Good to have you, sir. Okay, tell us about the drilling program the company recently conducted on its Rincon West project.

Niko Cacos

Yes, it’s our flagship project right now, and the reason it’s our flagship project is because it’s located on the same brine where Rio Tinto recently bought a very large position with a very large resource for more of 800 million US dollars. So that makes this project very exciting for us, because our project is completely adjacent to theirs.

We recently announced a five-hole drill program, and about a month ago we announced results from one of those holes, and the results we’re getting are very much in line with the results that Rio Tinto has published. So very exciting. If we continue to get those kinds of results on this project, I think we’re really going to be racing here.

Jim Gordon

This brings me to my next question. Based on the positive results, what are the next steps for Argentina Lithium?

Niko Cacos

Well, our next steps are to continue the drilling here, the program at Rincon West. And we have three additional projects in three different salars, or salt lakes, as we are called here. And we have described the drilling program for each of these projects. And geophysics must precede each. We will therefore approach them in a methodical way.

And then with Rincon West, where we’re drilling right now, if we get the results that we hope we can get, we’re going to move it to a resource estimate and then push to the completion of a preliminary economic assessment, or a PEA .

Jim Gordon

And Niko, talk to our viewers about the lithium energy sector in Argentina.

Niko Cacos

Well, first of all, lithium is getting harder and harder to find. Only global demand has driven lithium prices up and made the search for lithium very rare. But one of the most promising regions for finding lithium comes from what is called the lithium triangle, which encompasses the southern part of Bolivia, the eastern part of Chile and a significant part of northwestern India. Argentina.

However, within this Lithium Triangle, nearly 60% of known lithium reserves come from it. But the Argentinian part of this triangle is very, very underdeveloped and that represents an opportunity. This is where companies like ours can step in thanks to our 30 years of experience in finding discoveries in countries like Argentina. I think we are extremely well positioned to capitalize on and make some of these lithium discoveries.

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Jim Gordon

Finally, when should Argentina Lithium complete its pre-feasibility study?

Niko Cacos

Well, there’s a whole lot of work that needs to be done before that. We will complete our drill program with good results. We would move into a resource count, which would probably take us to early next year. Then we would do a preliminary economic assessment, a PEA. Give us a very rough estimate and understanding of the economics of our lithium deposit. And beyond that, probably within a year or so, we’ll be able to run a pre-feasibility study.

Jim Gordon

Niko, thank you for joining us.

Niko Cacos

My pleasure.

ABOUT ARGENTINA LITHIUM CORP. :

Argentina Lithium & Energy Corp. (TSXV: LIT | FSE: OAY3 | OTC: PXLF) is focused on acquiring high-quality lithium projects in Argentina and advancing them to production to meet growing global demand from the battery industry.

This story was provided by Market One Media Group for commercial purposes.

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