Advantage Lithium Corp. (fka AVLIF)

[Yukii]

Advantage in pursuit of another ‘Salar de Atacama’ in Argentina

http://www.miningweekly.com/article/advantage-in-pursuit-of-another-salar-de-atacama-in-argentina-2017-03-01

“The asset monetisation and shareholder value is going to come from the development of the Argentina assets,” president and CEO David Sidoo tells Mining Weekly Online in an interview, stressing that Advantage is one of only a handful of juniors in the lithium space that has a clear path to production within three years, as it has the management team, the assets and partnerships required to get there, in place.

“When we speak to our partners at Orocobre and other participants who have been active in the area for years now, they think this might become the next Atacama in Argentina, similar to the basin SQM and Albemarle have been developing over many years in Chile.


Meanwhile, the company has already completed three drill holes on its prospective Nevada assets, in the Clayton Valley, where it and joint venture (JV) partner Nevada Sunrise Gold have possibly discovered an untapped lithium-brine aquifer at depth, immediately next to Albemarle’s producing Silver Peak lithium operation. They just completed the fourth hole, with results due out imminently.

Sidoo explains that the strategy is to complete the entire six-hole programme, and then sit down with Albemarle to work on potential options for Advantage’s Nevada assets. This means either striking a potential JV deal with Albemarle, or selling the assets to raise some cash to focus on the Argentina assets, where the most potential is.