Well look at what our neighbor needs, could there be a knock on MMTE door??
World’s Largest Lithium Producer Looking to Expand
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Wed, Jun 2, 2010Feature Articles, Lithium Articles
Post by Dave Brown, Lithium Senior Reporter
By Dave Brown – Exclusive to LithiumInvestingNews.com
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Sociedad Quimica y Minera de Chile SA (NYSE: SQM), the world’s largest lithium producer, has indicated interest in the salar concessions for Salares Lithium (TSX-V: LIT). This interest has prompted Salares Lithium to initiate the process to transform over 39,000 Ha of concessions that cover the aerial extent of the brine lake from the current ‘exploration’ concessions to ‘exploitation’ concessions. This response to convert the exploration concessions to the more advanced exploitation concessions was required in order to maintain the legal exclusivity and preference on these concessions. It is also important to note that this upgrading step would eventually become necessary in the production and mining operation development of one or more of the salars.
Salares’ Chief Executive Officer Todd Hilditch demonstrated optimism on the news release, “”Any additional prepatory work we can do now to expedite future possible development is being done. The historic sampling (non NI43-101) completed at our Project and more particularly on the largest brine lake, Salar de La Isla, provided samples that are comparable in grade to current producers. This information, coupled with our geophysics results identifying the presence of sizeable reservoir rock, gives management comfort that advancing to exploitation concessions will save us time in the future”.
AI
