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Premier positioning in Lithium Triangle
November 21, 2017
Now, all metals investors are familiar with the lithium story. The spike in demand for lithium ion batteries – especially for the electric vehicle market – has created a new bull market for the lithium sector. One junior miner that is poised for success in this bull market is Argentina Lithium & Energy Corp (TSX: V.LIT, OTCQB: PNXLF, Forum).
The Lithium Triangle is known as the best place in the world to find lithium. The Lithium Triangle is a geographically arid region divided among three South American nations: Chile, Bolivia, and Argentina. Currently this region produces roughly 50% of the world’s lithium. However, it hosts approximately 70% of the world’s known reserves of lithium. This translates into significant untapped potential for more lithium production.
The Lithium Triangle is a very large region, more than 10,000 square kilometers. That is a lot of potential area to explore for lithium. So where is the best place for a junior mining company to start looking? The fable “Goldilocks and the Three Bears” comes to mind.
Chile is well known as a mining jurisdiction. Its borders have been open for foreign mining operations for many decades. This also means that almost all of the prospective land for lithium exploration and development has already been claimed by various miners. Chile is too hot.
Bolivia is a much different story. That nation has been notorious for closing its borders to foreign mining operations. Only recently has Bolivia begun to open up its mining, but its leftist government is still viewed with suspicion by much of the mining industry. Bolivia is too cold.
Then there is Argentina. At one time, Argentina’s mining industry was also closed off to foreign investment. That changed roughly a quarter century ago. Since that time, this nation has become a much friendlier jurisdiction for foreign mining operations.
However, mining is an industry with a long time-horizon for development. Even after 25 years, much of this very large nation remains underexplored for mineralization – including within the Lithium Triangle. Argentina is just right.
When it comes to mining in Argentina, one name stands out for investors, the Grosso Group. Founded by Joseph Grosso, this holding company was formed with one purpose in mind: leveraging its experience and expertise in Argentinian mining into profits for its shareholders.
The Grosso Group is best known for three major successes in precious metals: the Navidad Silver Project (now owned by Pan American Silver), the Chinchillas Silver Project (Golden Arrow Resources), and the Guacalmayo Gold Mine (Yamana Gold). Now it’s looking for “green gold” – lithium.
The investment vehicle for the Grosso Group’s lithium operations is Argentina Lithium. Argentina is the best place to look for lithium in the Lithium Triangle. Argentina Lithium is the best way to capitalize on lithium in Argentina.
The Company is not merely relying upon its reputation. Already, LIT has been active in acquiring two, premier land packages within the Lithium Triangle. Exploration is well under way, and set to accelerate as we move into 2018.
Argentina Lithium has already been introduced to the Stockhouse audience, in a full-length feature article from March 2017. At that time, the Company had executed an agreement to acquire a 100% interest in its premier land package: the Arizaro Lithium Project. This property is located in the Arizaro Salar in Salta Province, Argentina.
Arizaro is a salar that covers 1,600 km2, making it the third largest salar in the entire Lithium Triangle. This is a hyper-arid region, receiving an average of less than 30 mm rainfall per year – ideal for the evaporation operations of lithium brine production. With a large land package of 20,500 hectares, this provides the Company with ample space to produce lithium at optimal efficiency.
Management notes that development of other salars in Argentina has been hampered by a shortage of fresh water. While lithium production requires an arid climate, it also uses considerable volumes of water for processing. At Arizaro, the Company was quick to secure access to its own water source.
Exploration at Arizaro is already underway. Electrical geophysical work in the spring identified the conductive and semi-conductive zones that represent targets for lithium exploration. A May news release noted particularly thick conductive zones toward the north and west portions of the property.
Based on that work, the Company planned an initial drilling program of 3 – 4 holes, down to a depth of approximately 400 meters. That work commenced in October and the first results have just been released, with a total of three holes drilled.
Anomalous levels of lithium were identified between depths of 15 and 356 meters, with values as high as 257 mg/l. Some of the assays from the third drill hole (from the South Block) are still pending. Management was pleased with these initial results, but noted an important caveat. LIT’s President and CEO, Nikolaos Cacos explains.
Our model for this property was for a brine aquifer at depth, so we were pleased to have anomalous results in our first two holes. These results support the theory of a source aquifer below where we were able to reach, therefore we are continuing our exploration to pinpoint the best location and depth to continue testing. [emphasis mine]
Generally speaking, lithium concentrations improve at depth in these salars. This is a simple function of gravity: the heavier lithium mineralization tends to settle at lower depths. In most salars, at depths of 400 meters lithium concentrations are already at/near their maximum.
However, as an especially large salar, Arizaro also runs deep. The Company is looking to produce even more robust numbers when it delves deeper with its next round of drilling, due to commence in December. Investors will also be eager to view the unreleased assays from the third drill hole at Arizaro.
While Arizaro remains the flagship project, in early November LIT announced locking up a second land package, a 100% interest in Incahuasi Salar, situated in Catamarca Province, Argentina. This is another large property. The 23,700 hectares comprises the entire salar. Previous sampling of near-surface brines has yielded values as high as 409 mg/l of lithium.
A geo-electrical survey has already been conducted at Incahuasi, suggesting high-conductivity zones that start near surface and extend up to 200 meters depth. In a conference call with Stockhouse Editorial, CEO Cacos noted that the combination of the geo-electrical survey results and surface sampling indicates that Incahuasi could evolve into a particularly high-grade lithium deposit. This makes management also eager to send in a drill rig to Incahuasi, currently planned for early in 2018.
While the Grosso Group means getting access to some of the most prospective properties in Argentina, it also means access to some of the best talent in Argentina’s mining industry. A case in point is Dr. Daniel Galli.
LIT’s Director of Technical Operations, Dr. Galli is a Professor of Thermaldynamics at the National University of Jujuy, Argentina. Included in his expertise, from 2006 – 2013 Dr. Galli was Technical Director of the Rin?on Lithium Project. During that time he developed and patented a process for the production of lithium carbonate and battery-grade lithium hydroxide.
Dr. Galli’s focus is to produce lithium (and other chemical elements found in brines) with minimal environmental impact while maximizing lithium recovery. With such in-house expertise, LIT possesses the skill set and experience necessary to take a lithium project all the way to production.
With highly prospective properties and a strong team to advance these projects, the Company is located in the right place for lithium exploration. As already noted, the Lithium Triangle is the premier destination for lithium exploration, and Argentina is arguably the best jurisdiction within the Lithium Triangle – already the world’s 3rd largest lithium producing nation.
Salta Province, home of the Arizaro Project, is especially mining-friendly. The Provincial government has been outspoken in promoting its jurisdiction for lithium exploration and production. Catamarca Province, the location of Incahuasi, is also a province with a strong mining footprint.
In addition, Arizaro benefits from being strategically located to infrastructure. There is already road access. The property is proximal to both power and rail. And the international port of Antofagasta (Chile) is located approximately 450 km to the west.
With the bull market for lithium, many investors will view lithium as the right metal in which to invest. For many reasons, Argentina is the right place to explore for lithium. And for investors looking for a prospective company in Argentina, like Goldilocks, many will view LIT as being “just right”.
Argentina Lithium Announces Non-Brokered Private Placement
November,2017
Vancouver, BC / Marketwired / Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY1 (WKN: A0RK7E), OTC: PNXLF), “Argentina Lithium” or the “Company”) is pleased to announce a non-brokered private placement financing of up to 10,000,000 units at a price of $0.33 per unit for gross proceeds of $3,300,000.
Each unit will consist of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.40 per share for one year from the date of issue. If the volume weighted average price for the Company's shares is $0.60 or greater for a period of 5 consecutive trading days, then the Company may deliver a notice (the "Notice") to the warrantholder that the Warrants must be exercised within twenty (20) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m. (Vancouver time) on the twenty-first (21st) day after the date of delivery of the Notice. The accelerated exercise shall not apply until the expiration of the four-month hold period required under Exchange policies and rules, and securities laws that are applicable to the Company.
This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the financing will be used for exploration programs on the Company’s projects in Argentina and for general working capital.
About the Arizaro Lithium Project
The Company has the option to earn a 100% interest in the Arizaro Lithium Brine Project, including 27,350 hectares in the central core of the Arizaro Salar, the largest in Argentina and third largest in the "Lithium Triangle". Very little historic exploration work has been done on the Arizaro Salar, however the central area is interpreted to have the geologic conditions to be the most prospective for quality brine resources. Furthermore, the Arizaro Salar benefits from a strategic location for infrastructure, including: a railway that connects to the deep water port of Antofagasta, nearby advanced mining projects that are expected to bring significant development of access routes and power, and the availability of water for development.
About the Incahuasi Lithium Project
The Company has acquired a 100% interest in, or has under application, mineral rights totaling 23,700 hectares covering the entire Incahuasi salar and basin in Catamarca Province, Argentina. The salar is situated within the "Lithium Triangle" of Argentina and Chile, and has characteristics prospective for lithium-rich brines. Initial sampling of near-surface brines has returned up to 409mg/L lithium, and geophysical surveying indicates the potential for lithium-rich brines at depth.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina, and has assembled a first rate team of experts to acquire and advance the best lithium properties in the world renowned “Lithium Triangle”. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
_______________________________
Nikolaos Cacos, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@argentinalithium.com
Superior Court Rules in Favor of Rosemont on Air Permit Appeal
Jul 10, 2012 07:00:00 (ET)
DENVER, July 10, 2012 /PRNewswire via COMTEX/ -- Augusta Resource Corporation (tsx/nyse mkt:AZC) ("Augusta" or "the Company") is pleased to announce that the Arizona Superior Court for Pima County ("Court") has ruled in the Company's favor regarding its appeal of Pima County Air Quality Control District ("Control District") and Pima County Air Quality Hearing Board's ("Hearing Board") denial of Rosemont's Air Permit application.
The Court Ruling, dated July 5, 2012, determined that both the Control District and the Hearing Board "acted in an arbitrary and capricious manner and that the [Control District and Hearing Board] abused their discretion." The ruling directed the Control District to process Rosemont's application in a timely manner; moreover, it further supports Rosemont's decision to apply for an Air Permit processed by the Arizona Department of Environmental Quality ("ADEQ").
"This ruling is certainly a positive win for Rosemont," said Rod Pace, Augusta's Chief Operating Officer. "There was no doubt that we were being treated unfairly and uniquely in Pima County. The Court made the right decision to order Pima County to allow Rosemont to be treated justly. Notwithstanding, we will continue to work with the ADEQ to ensure the Rosemont Air Permit gets processed expeditiously."
1 permit at a time-We'll git 'er done...
When you see only one person posting-positive or negative- and nobody seems to dialogue with the person, well, you get what I'm saying...
5 is too low...
There is a reason they're called "penny" stocks.
When your investing strategy is always "swinging for the fence"
you force yourself into having to hit a homerun and that clouds your ability to look at something objectively.
I'm satisfied with a single 1 out of 3 times at bat...
If the Bank of Montreal wants to say "market perform" it tells me that AZC is progressing as advertised...
The final public meeting for the Rosemont Copper Project Draft Environmental Impact Statement (DEIS) will be held on January 14th at the Sahuarita District Auditorium, 350 W Sahuarita Road, Sahuarita, AZ, from 1:00 PM to 5:00 PM. The formal 90 day public review and comment period ends on January 18, 2012. Requirements for commenting may be found at 36 Code of Federal Regulations Part 215.
The purpose of this final meeting is to solicit public input on the project’s Draft Environmental Impact Statement. Both written and oral comments will be taken at this meeting. For those wishing to make oral comment, speaker cards will be available beginning at 1:00 PM.
Forest Supervisor Jim Upchurch will make a brief presentation beginning at 1:30 PM. Beginning at 2:00, speaker cards will be pulled at random to determine the speaker order. To hear as many comments as possible, each speaker will be limited to 3 minutes in length. Any speaker cards received after 2:00 will be addressed if time allows. Oral comments will be heard until 5:00 PM.
The Coronado National Forest is accepting public comments on the Rosemont Copper Project DEIS in a variety of formats. The DEIS is available online at www.RosemontEIS.us. Citizens are encouraged to review the document before submitting comments. Although comments may be submitted by various methods, citizens need only provide comments once for them to receive full consideration. Comments can also be submitted online at comments.RosemontEIS.us; by email at CoronadoNF@RosemontEIS.us; by phone at (888) 654-6646; by facsimile to (435) 750-8799; and by mail at Rosemont Comments, P.O. Box 4207, Logan, UT 84323. The subject line of facsimiles and e-mails should include the words “Rosemont Copper Project DEIS”. E-mail attachments should be in Word (.docx), rich-text format (.rtf), or portable document format (.pdf).
Comments most useful for the Environmental Impact Statement process should be as specific as possible. It is also helpful if comments refer to pages and/or chapters of the DEIS. Comments may address either the adequacy of specific analyses in the DEIS or the merits of the alternatives formulated and discussed in the document, or both.
For questions or special needs regarding the public meetings or the comment period, the public may call (520) 388-8300. Additional information about the Rosemont Copper Project DEIS is available online at www.RosemontEIS.us.
The formal 90 day public review and comment period ends on January 18, 2012.
The Korean bank is getting involved in the project because Rosemont has already
agreed to ship 30 percent of its copper concentrate to Korea under a long-term
contract, Clausen said.
Augusta will be getting a loan from a German bank under an arrangement in which
the mining company will send some of its product to a German smelting company
for smelting, Clausen said. A Danish company will supply major crushers and
mills to the Rosemont mine, and a Swiss company will be providing a lot of gear
for the project, Clausen said.
Great article Frankie!!!!!!!!!!Customers and cap equipment suppliers= The mine is going ahead as planned and it's seen as a legitimate business entity.
Now I guess we'll wait for your negative spin on the article...
This has been a good week for the share price but
we still need volume-too lightly traded so the price can drop just as fast.
It has been quiet on the board-if I offended anyone I'm sorry.
When you are "trading" a stock valued at .0019, you have just told
me volumes about your "investing" strategy, philosophy and what investing in a company means.
Two words:
Due Diligence...
SIRG Imcat??? Are you kidding me?
Talk about ponzi scheme......
I've been a shareholder for over two years now.
I haven't posted much before and I have gotten private emails from several others who don't post at all.
AZC is up .25 at this time today-that's nice but we need higher volume. We need to get over a million a day.
I like how this company is positioned and the people who are on board in the company have taken some risks with this venture.
All in all we are moving in a positive, methodical direction that I believe will pay off well. Raw materials folks, raw materials.
What is your point?
Let's see: wrong kind of mine, wrong company, bad environmental science, wrong trucks,wrong business estimates, what elss am I forgetting?
We get you don't want the mine.
I want the mine.
We disagree.
Sorry but it will get built.
I have plenty of these wonderful things called shares in AZC and you don't because you think it's a bad idea for whatever reason.
I look forward to seeing the final DEIS soon so this project can move forward and the share price can reach a new 52 week high +
Arizona State University Report 2009 states that Rosemont Copper will stimulate a total of $15 billion in new economic output to the region over the life of the mine, including an average of 2,100 jobs annually.
So much for the company only mining my money...
I find it very strange everybody wants new technology and what it has to offer but not how that technology is made posssible-raw materials and manufacturing.Let's see, I love my computer so I can post on a stock site but yet don't want to hear about the fact that it uses copper-I just want the technology. I'll bash the mine and feel better about myself. As long as my life is good
It's the same concept with somebody who has lived someplace and never wants anybody else to be able to live there because they found it first.
If I protest long and loud enough, the problem just goes away, right? I don't have to come to grips with reality of life then, right?
Very tiring
I am curious at what point a non-investor stops posting about the alleged negative side of the mining operation. After the permits are in place? What would be the purpose I suppose of continuing a dialogue of a going concern that at that point will have no point in stopping operations? I appreciate the effort provided but cut and paste is not always the most pursuasive tool for providing factual and unbiased information. As I have learned over the years there are at least two sides to evry story and it can be spun however the originatoer wants to.
Again, no meaness intended.
Just my opinion.
Regards
That's the beauty of the American market system- you don't have to invest-nobody makes you. I do find it odd however that you would be commenting on a stock board about a company that you feel is being , at the very least, disingenuous and forth coming in their scope and purpose of operations. Seems to me you're preaching to the wrong people. You'd be better off on some alternative social networking medium. Why is it your business to comment the only thing the company is mining is other peoples money?
When the debate is complete and paperwork is filed properly and legaly, let's get the shovels in the ground and create some jobs for some people who want to work.
Not trying to be mean or diffficult here and you are certainly welcome to your opinion.
Just my opinion.
In the end, I have voted the mine will come to pass with my share total.
If you don't agree with the mine you buy no shares.
Simple economics. Simple market strategy.
Very lame attempts to stop the mine.
You would expect this last minute barrage
but in the end it appears all ducks to be in a row...
I fully expect construction to begin by end of May
Trading volume remains relatively low-it seems
only the traders are causing movement the last couple months.
Today for example, I watched the price move up 4 cents on a trade of 100 shares.
I would expect the price to slowly rise during the next 90 days as the debate of the environmental impact begins(continues).
Keep in mind that the Chinese continue to use and need more raw materials. They wouldn't dare make a bid before the final approval but after all is finalized (first quarter 2012?) that just may indeed happen.
My disclosure is that while I am not a large shareholder, I do own 100K shares. From todays price ($2.70) I do expect the price to pass the previous 52 week high (about $6.30ish).
As we get closer to actual production, $10 should be obtainable.
Now, ARC just needs to begin the heavy lifting...
It would appear Greece and copper don't mix...
Augusta Resource Announces Completion of DEIS by U.S. Forest Service and First Public Meeting Scheduled in October 2011
Bring on the ensuing discussion...
Augusta Resource Provides Rosemont Copper Permit Update
Sep 8, 2011 08:30:00 (ET)
DENVER, CO, Sept. 8, 2011 /PRNewswire via COMTEX/ -- Augusta Resource Corporation (tsx/nyse amex:AZC) ("Augusta" or the "Company") announces that the U.S. Forest Service ("USFS") has advanced Rosemont Copper's draft Environment Impact Statement ("EIS") to the final internal review and printing stage and expects issuance to the public in mid-October.
As previously announced, copies of the preliminary draft EIS were delivered by the Coronado National Forest to the State of Arizona and local Cooperating Agencies for their final review on June 1, 2011. To ensure complete input and comments on the preliminary draft EIS, the Cooperating Agencies were granted a 30 day extension from their originally scheduled review deadline of June 30.
The Notice of Availability ("NOA") for the final draft EIS is now expected to be issued in mid-October. This will commence the final 90 day public comment period which includes several public hearings to be held in the local Tucson and Pima County area. The timeline to the announcement of the NOA includes an allowance for printing of the document. The final draft EIS will include a selection of a preferred alternative for development and an impact mitigation analysis and plan. Subsequently, the Company expects the EIS to be finalized and the Record of Decision to be issued for the Rosemont Copper project in the first quarter of 2012.
About Augusta Augusta is a base metals company focused on advancing the Rosemont Copper deposit near Tucson, Arizona. Rosemont hosts a large copper/molybdenum reserve that may account for about 10% of US copper output once in production in 2013 (for details refer to www.augustaresource.com ). The exceptional experience and strength of Augusta's management team, combined with the developed infrastructure and robust economics of the Rosemont project, will propel Augusta to become a solid mid-tier copper producer. The Company trades on the Toronto Stock Exchange and the NYSE Amex under the symbol AZC.
Environmental Impact Statement(EIS) due out any day-
Then The Record of Decision (ROD) expected in January.
The plan is unfolding
Expecting news this week