LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Goodbye WML Henk_VanAlphen, Hello LPI Martin_Holland. We LIEG investors used to watch with bated breath every word out of WML Henk Van Alpen's mouth. Those days are over.

Now we will be focused on Lithium Power International's CEO Martin Holland. LIEG is today a key member in the "New Company Maricunga JV" aka NewCo (originally created in July before official LIEG involvement per se). NewCo today (ie in September) is made up of Lithium Power Int'l (LPI) at 50%, MSB Minera Salar Blanco at 32.3%, and LIEG at 17.7%. Note: LPI is up 6% today to .33AUD.

NewCo will be producing lithium from 5 evaporation ponds in Chile: Cocina 19-27, Litio 1-6, San Francisco, Salamina, and Despreciada pond. The base camp was set up September 16 (Click here). LPI is telling us the first 16 test wells on the project will be completed by the end of September (Click here).

Martin Holland's vision for this new project in Chile is easily available to review for us LIEG shareholders. It is on Click for Video and available on the LPI site in PDF (Click here for Report).

I really like that LPI is so transparent on this project in Chile and posting almost daily updates on their website (Click here). My congratulations to LPI on running such a professional operation so far, I am quite impressed and very pleased with this new JV.

The Doctor