VAMOS ARGENTINA!

VAMOS ARGENTINA!

Minera Exar SA – Cauchari-Olaroz Project

On March 28, 2016 Lithium Americas announced a strategic investment by SQM to advance the Cauchari-Olaroz project in Jujuy, Argentina.
Sociedad Química y Minera de Chile S.A (SQM) and Lithium Americas created a Joint Venture with equal shareholder interests. Development plan work commenced immediately after the announcement to advance Cauchari-Olaroz project with target production of 50,000 tpa of LCE.  The Joint Venture brings competitive advantages that include technical and commercial expertise, local relationships, proximity of Atacama and Cauchari-Olaroz, track record and experience of successful joint ventures and collaboration.

Location

Jujuy, Argentina

Property Size

~83,000 ha

Lithium Mineral Reserve Summary (effective date March 5, 2017)

Description Brine (m3) Average Lithium Concentration (mgéL) Lithium Carbonate Equivalent (tonnes) Lithium
Proven Reserves (years 1-5)1,2,3,4 4.93 x 107 712 187,149 35,159
Probable Reserves (years 6-40)1,2,3,4 3.54 x 108 695 1,311,982 246,474

Lithium Mineral Resource Summary (effective date July 11, 2012)

Cut-off 354 mg/l
Description Brine (m3) Average Lithium Concentration (mgéL) Lithium Carbonate Equivalent (tonnes) Lithium
Measured Resources2,3,4,5,6 9.14 x 108 630 3,039,000 576,000
Indicated Resources2,3,4,5,6 2.89 x 109 570 8,713,000 1,650,000
Notes:
  1. 1.Ratios of lithium to other metals include: K:Li of 8.2, Mg:Li of 2.4, B:Li of 1.6, SO4:Li of 28.5.
  2. 2.LCE is calculated based the following conversion factor: Mass of LCE = 5.323 x Mass of lithium metal
  3. 3.The conversion is direct and does not account for estimated processing losses.
  4. 4.The values in the columns on Lithium Metal and Lithium Carbonate Equivalent above are expressed as total contained metals.
  5. 5.Mineral Resources have a cut-off grade of 354 mg/L of lithium.
  6. 6.Mineral Resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all of any part of the mineral resource will be converted to mineral reserves.
For additional details about the Cauchari-Olaroz Project, please refer to the technical report entitled “Feasibility Study – Reserve Estimation and Lithium Carbonate and Potash Production at the Cauchari-Olaroz Salars, Jujuy Province, Argentina”, effective date July 11, 2012.

 

Infrastructure

  • – Natural gas pipeline 50 km
    – Paved highway
    – Deep sea port 550 km
    – Ready access to fresh water

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Technical Report

Minera Exar SA Technical Report

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