Read between the lines. DJI's property next to be absorbed by Pluspetrol as they diversify to lithium brine production. With much support from the Argentine Government pushing to be the second largest producer of lithium as early as 2022 the president announced earlier this year.
"Under the Macri administration we are seeing the progress that will attract long-term investors in the lithium mining industry," Mackie said by phone. "Argentina is in a Goldilocks situation where it might have got the regulation just right, plus huge resources of lithium in a context of growing demand."
Litica Resources, as operator, intends to start before the end of this year with the exploratory activities, which will consist of a surface sampling and geology of the land, geophysical studies and diamond drilling to assess and know the area.
In this first stage, Litica Resources will centralize its objective in the development and production of lithium carbonate. Argentina is one of the countries with the greatest lithium resources in brine in the world. In the future, it will seek to expand its activities by exploring other non-traditional sources associated with volcaniclastic deposits and pegmatites.
With this important step in its business diversification strategy aimed at development and sustained growth, Pluspetrol consolidates its expansion in the energy area. (Litica Resources)