Argentina Lithium & Energy Corp is focused on acquiring and advancing new high-quality lithium projects and resources in Argentina that can serve global demand for this critical mineral.
Argentina Lithium & Energy Corp believes that the combination of high geologic potential and a booming demand climate has set the conditions for acquiring, exploring and developing new lithium brine projects in Argentina. Argentina contains a large portion of the Lithium Triangle, which is home to more than half of the world’s lithium resources. The lithium brine deposits of this highly lucrative district are the company’s focus.
The Grosso Group: Pioneering mineral exploration in Argentina
Argentina Lithium & Energy Corp is a member of the Grosso Group. This resource management team pioneered the mineral exploration industry in Argentina, operating in the country since 1993 with conspicuous success.
The group made three exceptional precious-metal deposit discoveries and broadened its focus to include alternative fuels in the mid-2000s, resulting in a fourth significant discovery. The Grosso Group has been following the lithium battery sector and believes that now is the time to focus its efforts on lithium resource exploration and development in Argentina. They leverage a strong network of local, regional, and international industry contacts to support the exploration team searching for quality resource opportunities.
Argentina Lithium & Energy Corp. is applying a pipeline approach to discovery. The company has acquired four large projects in salar (salt lake) basins with proven lithium content. They are drilling out the first of these current projects, advancing through the five-step development process leading to PEA/PFS level discoveries. The focus behind these acquisitions is potential high grade, large scale lithium extraction with favourable access and infrastructure.
Lithium projects in Argentina:
The Rincon West Project
The company has the option to earn 100% interest in the Rincon West Project, located on the west side of the Rincon Salar in Salta Province, Argentina. This property is located adjacent to Rio Tinto’s recently acquired Rincon Project.
Advanced geophysics at the property has delineated conductive aquifers consistent with concentrated brines beneath 64% of the property. Exploration drilling recently began to test these targets and is expected to continue through Q2 and Q3 of 2022.
The Antofalla North Project
The company controls 14,987 hectares of mining leases in the north end of the Salar de Antofalla, distributed over a 26km strip of the salar crossing between the adjacent provinces of Salta and Catamarca. The company has 100% ownership of 9,080 hectares, with the remaining leases held under options.
The Antofalla North Project is located approximately 25km west of Argentina’s most extensive lithium producing operations at Salar de Hombre Muerto. The southern boundary of the Antofalla project is situated 500m north of the property block controlled by global lithium producer Albemarle Inc. Albemarle has stated that its project has excellent potential and is optimistic that the lithium resource at Antofalla could rank amongst the largest in Argentina.
The company plans to execute intensive geophysical reconnaissance at the Antofall project in the second half of 2022, leading to drilling in early 2023.
The Pocitos Salar
Argentina Lithium hold options to earn 100% interest in approximately 26,221 hectares of claims in several large property blocks of the Pocitos Salar, centrally located in Argentina’s lithium brine district. Limited historical drilling at the salar has consistently returned positive lithium values.
Argentina Lithium will apply its deep-imaging expertise to identify new conductive brine aquifers for drill testing at this large, underexplored basin.
The Incahuasi Salar
Argentina Lithium has acquired a 100% interest in over 25,000 hectares of the Incahuasi Salar and basin in Catamarca province. Exploration began in 2017 with an initial geophysical survey, surface sampling and drilling programme. The four initial drill holes produced average assay values of 109 mg/L lithium, demonstrating the potential for the basin.
Work is planned to apply advanced geophysics to identify new conductive brine aquifers for drill testing. The company believes that Incahuasi is underexplored and supports conditions for quality lithium brines at depth.
AREAS OF EXPERTISE:
- High-quality lithium production;
- Advancing lithium projects in Argentina;
- Metal deposit discoveries; and
- Sustainable, battery-quality lithium.