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 40,000 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.
Lithium Mineral Reserve and Resource Summary (effective date July 11, 2012)
|Description||mg/L||Lithium (tonnes)||Lithium Carbonate (tonnes)||Brine (m3)|
|Proven Reserves||679||37,000||197,000||5.50 x 107|
|Probable Reserves||665||477,000||2,517,000||7.16 x 108|
|Measured Resource||630||576,000||3,039,000||9.14 x 108|
|Indicated Resource||570||1,650,000||8,713,000||2.89 x 109|
Potassium Mineral Reserve and Resource Summary (effective date July 11, 2012)
|Description||mg/L||Potassium (tonnes)||Potash (tonnes)||Brine (m3)|
|Proven Reserves||5,483||302,000||576,000||5.50 x 107|
|Probable Reserves||5,395||3,863,000||7,378,000||7.16 x 108|
|Measured Resource||5,156||4,714,000||9,003,000||9.14 x 108|
|Indicated Resource||4,753||13,755,000||26,271,000||2.89 x 109|
- 1. 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.
- 2. The values in the tables above are expressed as total contained metals. Mineral reserve estimates are based on numerical model predictions of pumped brine (pre-processing).
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.
- – Natural gas pipeline 50 km
– Paved highway
– Deep sea port 550 km
– Ready access to fresh water