December 2017: A Preliminary Economic Assessment of the Maricunga lithium project could be released this month. This is a JV that currently comprises Lithium Power International with a 50% interest, Minera Salar Blanco with 32.3% and Bearing Lithium Corp (TSXV: BRZ; OTCQB: BRGRF) with 17.7%.
The PEA would be based on estimated production of 20,000tpa LiC and include capital and operating costs.
Mr. Jeremy Poirier, CEO at BRZ said, “The PEA on Maricunga is an important milestone that shows the excellent progress of the project and its true potential as a world class lithium project.”
Maricunga is a salar containing some of the highest grades of lithium brine in the world. In fact, it is the only one in pre-production in Chile. Over US$ 30 million has been invested in the project to date, and all expenditure through to 2018 has been financed by the JV partners.
Recently, BRZ reported that Sichuan Fulin Industrial Group (involved in automobile manufacture) and Minera Salar Blanco signed a Memorandum of Understanding to explore cooperation opportunities at the project. The Chinese Group is seeking (More)