Here is the write up from my previous post.
Translated
lithium X
Cost Gentle expansion strategy in two
Top Lithium hot spots
Lithium X Energy is a Canadian lithium-Entwicklungsgesellschaft,
the same in
two absolute Lithium hot spots promising
Projects owns. So keeping in Clayton
Valley Nevada the largest land package of all lithium-development companies,
the still
to directly Albemarles Silver Peak Mine
Project borders. The second high-profile lithium project
is located in the so-called Lithium Triangle
between Chile, Bolivia and Argentina.
Sal de Los Angeles - Hotel
resource
The Sal de Los Angeles project in Argentina
belongs Lithium X currently about 50%. It includes
the nucleus of the Salar de Diablillos (covers about
95% of the entire surface of the Salar) at 32
Claims and covers an area
of 8,156 hectares. The project is entirely in
Argentine Northwest, in the very mining friendly
Salta province. On the project site were of previous owners
or tenants already about 19
Millions CA $ in exploration and development
invested $ 17.2 million CA alone in the
Between 2010 and 2015. The Sal de Los Angeles
Lithium project therefore already has a historic,
derived (inferred) resource of
2.8 million tonnes of LCE (lithium carbonates
Equivalent - equivalent lithium carbonate). The
average grades were also extremely
high 556mg / L Li or
6.206mg / L K.
Sal de Los Angeles - exploration
The previous owner or tenant
already brought about 170 drill holes
the license area a. 16 In addition, were
Pumping and observation wells drilled.
A plurality of pump-tests were conducted
and yielded positive results. In addition, gravity and seismic studies
performed and transport as well as production models
he is working. This leads to
already almost all the necessary data for a
Upgrade resources present. Lithium X wants
now first published just such a
and as a next step, a first deposition field
to install. It owns Sal de Los Angeles
quite an even far higher resource potential,
since the previously defined resource
nor is open towards the north
and also a high grade core area
with lithium levels of up to about 640mg / L
hosts.
Sal de Los Angeles - Positive,
historical economic study
Rodinia Lithium Inc., one of the previous
Tenants, published in December 2011
a first economic assessment (Preliminary
Economic Assessment / PEA), represented by
the renowned company SRK Consulting
was made. This put a production
of 15,000 tons of lithium carbonate and
51,000 tons of potash to reason and came
while on a pre-tax return (IRR)
of 34% and a discounted by 8%
NPV (NPV) of 561 million
U.S$. For a greater annual production of
25,000 tons of lithium carbonate and 85,000
Tons potash they came up with a pre-tax
IRR of 36% and a NPV of 964 million
U.S$. Although this PEA only
refers to inferred resources, which
not the policies of the Toronto Stock Exchange
(TSX) corresponds to this already brought
very positive economic figures revealed.
And the whole thing on the basis of a
Lithium carbonate price of only 5,000
US $ per tonne! Currently is of Chinese
Dealers up to four times more paid per ton!
Sal de Los Angeles - acquisition
Lithium X acquired the Sal of Los Angeles
Project March 2016 from Aberdeen International
Inc. Still, already some 19 million
CA $ in the development of Salar de Los Angeles
flowed, lithium X had initially
only eight million shares for
"pay". The company has also
a 26-month option to further
to acquire 30% in the project. For must
again its own shares for a total consideration
five million CA $ to Aberdeen International
Inc. are issued. Furthermore
must Lithium X within 24 months of three million
CA $ for exploration and development
Project spending and a feasibility study
Create (Feasibility Study).
Sal de Los Angeles - Joint Venture
the commercialization of the project
In May 2016 reported Lithium X, that
a joint venture agreement with Salta Exploraciones
SA to build and operate a pilot lithium production plant on the Sal de
Los Angeles lithium project finished,
Has. Accordingly, there is a pilot production plant
are installed and operated, the up
to 5,000 tonnes per annum (tpa) LCE produce
and sell for commercial purposes
should. Salta Exploraciones SA is an association
of Argentine Ingenieursund
Construction companies that already
a wealth of experience in the establishment
of lithium brine projects in Argentina
have. The Company may invest up to
50% of lithium X 'share of the Sal de Los Angeles
Project received by the required
Amount (estimated six million US $) for
the construction and operation of an initial 2,500
tpa plant expends. This includes funding
a one-year post-construction phase.
Later, the option exists to
Enlarge this plant to 5,000 tpa. lithium
X expects that the operation of a
appropriate pond system on Sal
of Los Angeles for three years enough
Data for major surgery will provide.
Clayton Valley project / Nevada
Lithium X holds in Clayton Valley licenses
about 6,075 hectares of land include. This has
Lithium X there the largest land area of ??all
Development companies, of which there are in
Clayton Valley now about a dozen
gives. The Clayton Valley project is divided into
two different subprojects. The northern part
borders according to the north, the southern
in the southwest on Albemarle area and also
west to the licenses of Pure Energy.
Lithium X received in March 2016, the authorization
for first four holes, which extend into
a depth of 350 meters are driven
should. There, the company suspects a
(Ground) water leading layer of gravel. A total of
home to the pool at least five
known lithium-bearing strata and
precisely this layer of gravel, from one lot to
promises to potential. End July 2016
drilling could be started.
The subsequent results could
already to a first resource estimate
to lead.
Management has incredible
exhibit successes
For lithium X 'greatest asset is its highly successful
Management Team. This was in
the past 12 years of mining operations
with a value of not less than
14 billion US $ involved.
So lithium X 'COO Eduardo Morales led as
former head of the Latin America department
Rockwood Lithium his company for
US $ 6.2 billion takeover severities
by Albemarle. Part of the deal was also
the Silver Peak Mine in Clayton Valley.
Executive Chairman Paul Matysek, the absolute
Uranium and lithium luminary applies, founded
Only in the last decade three mining companies
he all too lucrative
Acquisitions with a total value of 2.3 billion
US $ resulted. Among Lithium One, the
2012, a merger with Galaxy Resources received.
Other transactions in which lithium X '
Management was involved, were among others
the US $ 2.4 billion merger with Goldcorp Wheaton River in 2004 of 1.8 billion
US $ merger of Uranium One with
Energy Metals, and with UrAsia Energy (3.1
Billion US $), both in 2007 and the acquisition
of Potash One by K + S in 2011
(434 million US $).
In addition, one could with the obligati of
new VP Project Development Will Randall
someone for lithium X gain, the not
only about a lot of experience in lithium-area
features, but already drilling programs
in Clayton Valley and the Argentine
Salars was involved.
Summary:
Little own expense, much expertise,
high potential
Lithium X represents the quite clever in: Man
secures a (majority) share of a
highly prospective lithium brine project
in Argentina, where only a manageable
Amount must invest themselves and outsourced
moreover the initial (pilot) production
to a local consortium, consisting of
highly experienced engineering and construction companies
from which to boot, all as may be necessary
Cost of construction and the initial
Operation of the pilot plant itself
take. Therefore, to lithium X although again
a share of the total project proposed,
but has only a minor, own expense
and instead may refer to more
Lithium projects focus. Although
the Sal de Los Angeles in the project
Moment certainly enjoys the highest priority,
one owns in Clayton Valley, a well
high potential for future lithium production.
After bordering the great
License area directly to the currently only producing
Hard rock lithium project in North America.
Thus provides investors with a
Investment in Lithium X is a multi-Chance
on positive news and thus
Also on a positive price development.
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