Issue link: http://resourceworld.uberflip.com/i/963504
10 www.resourceworld.com A P R I L / M A Y 2 0 1 8 Joseph Grosso, a director of Argentina Lithium & Energy, and an officer of Golden Arrow Resources and Blue Sky Uranium, all with projects in Argentina, has been active in the country since 1993. In addition, to being part of a team that made mineral discoveries, he has been a pioneer in developing the Argentine min- ing industry. There is a major question that haunts lithium explorers, miners and lithium stock investors. While increasing demand has boosted lithium prices from US $350 to $3,000 per ton in the past five years, there is uncertainty as to how quickly and how much the electric vehicle market will require. With so many lithium explorers out there seeking economic deposits, plus lithium producers ramping up production, there is no doubt there will be a great deal of lithium supply available. Will that result in an oversupply that will drive lithium prices down? A recent Morgan Stanley report thinks so. On the other hand, major auto manu- facturers such as Volvo, Volkswagen and the China's BYD are betting on mass acceptance of electric vehicles, each with their 30 kilograms of battery lithium, as vehicle prices come down and range anxi- ety issues are solved. Here is a pertinent question: if the Tesla Semi electric truck is successful, and other sizes of electric trucks are successful too, could this lead to tremendous worldwide sales of trucks? For example, there are some 15.2 million trucks in the US alone with 2 million of them being Semis. Translate that to the rest of the world and the numbers are huge. So what will lithium demand be as well as the demand for the other battery minerals such as cobalt, manganese, cop- per and graphite? Below are details on companies active in South American Lithium Triangle. Advantage Lithium Corp. [AAL- TSXV; AVLIF-OTCQX] has received encouraging assays from its 75%-owned Cauchari Project in Jujuy Province, north- west Argentina, about 20 km south of Orocobre's flagship Olaroz lithium facility. At a brine flow rate of 19 litres/second, there was 515 milligrams/litre lithium and 4,577 milligrams/litre potassium in hole CAU11 in the SE sector. David Sidoo, President and CEO, said, "This excellent flow rate and lithium grade in hole CAU11 confirms the potential of the SE sector, with the drilling program con- tinuing to provide additional information on the salar geology and brine both later-