Resource World Magazine

A P R I L / M A Y 2 0 1 8 www.resourceworld.com 13 Lithium Energi Argentina, S.A., Antofalla North, S.A., and Antofalla South, S.A., which together hold a portfolio of projects encompassing over 128,000 hectares of lithium brine concessions in Catamarca Province in the heart of the Lithium Triangle, spe- cifically Laguna Caro, Antofalla North and Antofallo South. Lithium X Energy Corp. has completed a merger with NextView New Energy Lion Hong Kong Ltd. whereby all of the issued and outstanding common shares and warrants of Lithium X were acquired by NextView's wholly-owned British Columbia subsidiary, NNEL Holding Corp. The company's 100%-owned flagship project is the Sal de Los Angeles lithium brine project, Salta, Argentina. The project comprises about 8,748 hectares of Salar de Diablillos and has a NI 43-101 indicated resource esti- mate of 1,037,000 tonnes of lithium carbonate equivalent and 1,007,000 tonnes of lithium carbonate equivalent inferred. LSC Lithium Corp. [LSC-TSXV; LSSCF-OTC] has filed a Technical Report on the Salar de Pozuelos Project, Salta Province, Argentina. The NI 43-101 resource estimate includes 1,296,000 tonnes of lithium carbonate equivalent in the measured and indi- cated resource category and 497,000 tonnes inferred. The company has a land package portfolio totaling approxi- mately 300,000 hectares that includes the following projects: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes, and Jama. Also, see Dajin. Millennial Lithium Corp. [ML-TSXV; MLNF-OTCQB; A3N2- FSE] has filed a Preliminary Economic Assessment for the Pastos Grandes Project, Salta Province, Argentina that was prepared by consultants WorleyParsons. The NI 43-101 resource includes 2,131,000 tonnes of lithium carbonate equivalent and 8,141,000 tonnes of potash equivalent in the measured and indicated resource categories, plus 878,000 tonnes of lithium carbonate equivalent and 3,263,000 tonnes potash equivalent inferred. Neo Lithium Corp. [NLC-TSXV; NTTHF-OTCQX] has discov- ered a new aquifer at depth at its 3Q Project in Catamarca Province, Argentina. "It adds considerable blue sky to the 3Q Project," said Waldo Perez, President and CEO. This season, the company focused on completing infill drilling and getting into the deeper part of the basin. The company also reported that processing studies have achieved concentration levels of 3.8% lithium brine solely through solar evaporation – no costly additives were required, plus calcium chloride precipitates through crystallization and in the process cap- tures water molecules within the crystals – both of these represent important developments for the project. NRG Metals Inc. [NGZ-TSXV; NRGMF-OTCQB; OGPN- FSE] has awarded a contract for the initial diamond drilling at its Hombre Muerto North lithium project in Salta Province, Argentina, to AGV Falcon Drilling SRL. The initial phase of drill- ing will consist of three core holes up to a maximum depth of 400 metres depending upon results obtained. Drilling is expected to start early April. The project is located at the northern end of the prolific Hombre Muerto salar, adjacent to FMC's producing Fenix lithium mine and Galaxy Resources' Sal de Vida development stage project. The Fenix Mine is the largest producing lithium mine in Argentina and the Sal de Vida Project is the largest devel- opment stage lithium project in the country. Orocobre Ltd. [ORL-TSX; ORE-ASX] is the newest brine based global lithium carbonate supplier through its flagship opera- tion, Salar de Olaroz. Measured and indicated resources are 6.4 Mt LCE capable of sustaining current continuous production for 40-plus years with only ~15% of the defined resource extracted. Orocobre also has a 35% interest in Advantage Lithium. Ultra Lithium Inc. [ULI-TSXV; ULTXF-OTC] has received assay results of the second round of sampling work carried out in December 2017 on the Salar Laguna Verde discovery zone in Catamarca Province, Argentina. Assay results indicate lithium values in the range of 34.2 to 1,270 milligrams/litre or parts per million (ppm), magnesium values less than 1 ppm to 7,920 ppm, potassium 804 ppm to 15,800 ppm, and boron 65.5 to 2,190 ppm. Wealth Minerals Ltd. [WML-TSXV; WMLLF-OTCQB; EJZ- FSE] is completing drilling at the Laguna Verde Project, northern Chile. Bench-scale testwork demonstrated Tenova Advanced Technologies' process technology could be successfully applied to Laguna Verde brines. Wealth signed a JV agreement with state- owned National Mining Company of Chile (Enami) to develop and commercialize Salar de Atacama and Laguna Verde as to Wealth 90%/Enami 10%. Wealth also holds Trinity, Five Salars and other projects in Chile. n LITHIUM

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