LSC Lithium Corporation (“
LSC” or together with
its subsidiaries, the “
Company”) (TSXV:LSC) is
pleased to announce progress on key infrastructure for the
Pozuelos-Pastos Grandes (“
PPG”) Project. The
Company has engaged with regulators and Salta based service
providers to advance permitting, data acquisition and construction
of key project infrastructure.
HIGHLIGHTS
- Allocation of gas capacity to support electricity and
steam generation for 20ktpa lithium carbonate
operation.
- Fresh water sources identified with quality confirmed
for future operations.
- Commencement of geotechnical investigations for ponds
and plant infrastructure covering approximately 800 ha in the
Pozuelos salar.
- Completion of exploration camp which will be converted
and expanded to a future operations camp.
- Application submitted for permit for brine pipeline
corridor connecting Pastos Grandes and Pozuelos with approval
expected in Q1 2019. This will secure the planned production mix of
approximately 35% of brine from Pastos Grandes and 65% from
Pozuelos, providing an efficient blend.
LSC’s President and CEO Ian Stalker, noted, “The
PPG Project is well located in direct vicinity to existing road and
gas infrastructure. I am pleased with the progress made by the
in-country team in advancing the various workstreams to confirm
access to this infrastructure. The identification of sites well
suited to pond and plant construction confirm our belief that
Pozuelos can serve as host for a standalone lithium production
system with brine supplied from Pozuelos and the adjacent Pastos
Grandes salar.
We are particularly pleased by the presence of
several sources of fresh water proximate to our PPG Project.
Equally, the allocation of gas capacity is an important development
milestone and places the PPG Project ahead of other junior
developers in the region.”
Allocation of Gas Capacity
LSC has received written confirmation from the
gas distribution company allocating capacity on the existing Puna
and Fenix gas pipelines. The quantities are expected to be
sufficient to produce electricity and steam generation for a
production facility of 20,000 tpa of lithium carbonate.
The intention to tie into the existing Fenix
pipeline approximately 40km south of Pocitos and connect directly
to the Pozuelos salar is supported by the distributor. LSC will
continue this engagement to finalise technical specifications,
price assumptions, and understand infrastructure requirements.
Completion of Exploration
Camp
The construction of a 40-person exploration camp
at the Pozuelos salar has been completed and was occupied in
September. The camp will simplify future exploration logistics,
support the construction and operation of future pilot ponds and
has been designed to be expanded for future mine operations.
Once the PPG Project is moved to construction
and production, this camp will be expanded and utilized for mine
administration offices and as an operational camp.
Fresh Water Supply
Three separate sources of fresh water have so
far been identified across the Pozuelos salar. Fresh water at site
WWF1, which is located approximately 1km from the accommodation
camp, will be used to support the camp operations and future pilot
plant test work.
Sites PZMW01 and PZMW02 were drilled to test the
brine-fresh water interface in the extreme north and south of the
Pozuelos salar. The testing confirmed a conventional interface,
with fresh water recharging the salar above a layer of brackish
water and brine lower in the stratigraphy.
The quality of water at all three sites supports
water requirements for a future process plant with minimal
treatment. Testing is ongoing to ascertain the long term yield
potential from these wells. An application for a water abstraction
permit has been lodged with the Ministry of Environment in August
2018 with approval expected before the end of the year.
Commencement of Geotechnical
Investigations
A first field investigation was undertaken by a
geotechnical engineer to ascertain and confirm that conditions
within the salar support the construction of the primary
evaporation ponds which are expected to be approximately 800ha in
size. Furthermore, sufficient area is available adjacent to the
salar for placing the secondary and tertiary ponds, salt stockpiles
and the lithium plant. A program is now being developed to confirm
detail design criteria for building foundations and pond
construction.
Pipeline Connection
Corridor
LSC plans to deliver approximately 35% of raw
feed brine to the evaporation ponds from the Pastos Grandes salar.
A pipeline of approximately 15km in length is required to transport
this brine. As 11km of this pipeline is located outside of LSC
tenements, an application for an easement for the pipeline corridor
has been submitted to the Salta mining authorities. This
application was supported by an environmental impact assessment and
baseline studies over the extent of this pipeline corridor.
Approval is expected in Q1, 2019.
This approach ensures that all major project
infrastructure can be located in the mature Pozuelos salar, where
geotechnical, environmental, physical and social conditions are
better suited to the construction of infrastructure.
Qualified Person
This press release is based upon information
prepared and approved by Donald H. Hains, P.Geo. Mr. Hains is
a qualified person, as defined in NI 43-101 and is independent of
LSC.
ABOUT LSC LITHIUM
CORPORATION:
LSC Lithium has amassed a large portfolio of
prospective lithium rich salars and is focused on developing its
material projects: Pozuelos and Pastos Grandes Project, Rio Grande
Project and Salinas Grandes Project. All LSC tenements are located
in the “Lithium Triangle,” an area at the intersection of
Argentina, Bolivia, and Chile where the world’s most abundant
lithium brine deposits are found. LSC Lithium has a land package
portfolio totaling approximately 300,000 hectares, which represents
extensive lithium prospective salar holdings in Argentina.
For further information please
contact:
LSC Lithium Corporation Ian StalkerPresident
& Chief Executive Officer40 University Avenue, Suite 605,
TorontoON Canada M5J 1T1+416 306 8380Email:
info@lsclithium.comWeb: lsclithium.com
Forward-Looking Statements
Certain statements contained in this news
release constitute forward-looking information. These statements
relate to future events or future performance, including statements
as to the ability to progress and advance infrastructure, ability
to extract and utilize fresh water sources, ability to identify
sites for construction, ability and likelihood of tying into the
Fenix pipeline, timing and completion of testing fresh water,
likelihood of standalone lithium production system from PPG,
ability to produce and implement design program, results of camp,
timing and likelihood of delivering raw feed to ponds, LSC’s
overall contained lithium inventory, and ability to produce more
results on the Company’s properties. The use of any of the words
“could”, “anticipate”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on LSC's current
belief or assumptions as to the outcome and timing of such future
events. Whether actual results and developments will conform with
LSC's expectations is subject to a number of risks and
uncertainties including factors underlying management's
assumptions, such as risks related to: title, permitting and
regulatory risks; exploration and the establishment of any
resources or reserves on the LSC properties; volatility in lithium
prices and the market for lithium; exchange rate fluctuations;
volatility in LSC’s share price; the requirement for significant
additional funds for development that may not be available; changes
in national and local government legislation, including permitting
and licensing regimes and taxation policies and the enforcement
thereof; regulatory, political or economic developments in
Argentina or elsewhere; litigation; title, permit or license
disputes related to interests on any of the properties in which the
Company holds an interest; excessive cost escalation as well as
development, permitting, infrastructure, operating or technical
difficulties on any of the Company's properties; risks and hazards
associated with the business of development and mining on any of
the Company's properties. Actual future results may differ
materially. The forward-looking information contained in this
release is made as of the date hereof and LSC is not obligated to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein. For more information, see the
Company's filing statement on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange Inc. nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
The TSX Venture Exchange Inc. has neither
approved nor disapproved the contents of this press release.
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