& Tobago

Very usefull links


News links




Dow Jones

Oil price



Views and News




Maiden ore reserve for Maricunga lithium project in northern Chile



By Argus


Petroleumworld 01 22 2019

Sydney-based Lithium Power International has declared a maiden ore reserve at its 51pc-owned Maricunga lithium joint venture in northern Chile and expects to soon release an updated definitive feasibility study on the project.

A proven and probable ore reserve of 742,000t of lithium carbonate equivalent (LCE) has been declared, easily exceeding the reserve needed to support a 20 year mine life, the company said. The mineral resource at the project has been updated to 2.07mn t of LCE and 5.3mn t of potash.

After the lithium pond and process recovery efficiency of 58pc has been applied, the ore reserve reduces to 430,000t, still more than enough to support 20 years of production at a rate of 20,000 t/yr of lithium carbonate.

Located in the so-called "lithium triangle" that straddles Chile, Argentina and Bolivia, the project is regarded as one of the highest quality undeveloped lithium brine projects in the world.

"The reserve more than supports 20 years of production with an average input grade of brine pumped from aquifers to the ponds of 1,050-1,200 mg/l lithium, highlighting the exceptional grade of the Maricunga project," chief executive Cristobal Garcia-Huidobro said.



We invite you to join us as a sponsor.

Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.



Story from Argus Media

argusmedia.com 01 21 2019

Hit your target - Advertise with us

PW 300.000 plus request per week

Copyright© 1999-2019 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions Petroleumworld.com as the source.

Other stories you have to get authorization by its authors. Internet web links to http://www.petroleumworld.com are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1



Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.