Lithium Chile has one of the largest lithium exploration portfolios in Chile, which currently comprises 166,950 hectares in seventeen properties. The company has 100% ownership and no NSR. All land was staked for just $3/ha and the market comparable (based on Sedar filings) is $300-800/ha.
Acquisition and exploration began in April 2016. Geochemical and geophysics programs are complete, drill targeting is complete. Community approval (mandatory in Chile) has already been obtained or is at an advanced stage for the top projects and a multi-project drill program is upcoming.
The jurisdiction advantages are significant. Chile has the world’s largest, high-grade lithium reserves and lowest-cost lithium production. It is also investor-friendly, with one of the world’s most streamlined mining codes, facilitating low-cost acquisition and rapid exploration. The projects have good access to infrastructure and the company’s exploration team is based in Chile