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Lithium Carbonate (Li2co3)

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Lithium Carbonate (Li2co3) Argentina Advanced Lithium Projects in Salars March 2019 Production Advanced Lithium Projects in Salars Construction Adv.Explor. to Feasibility Prospecting-Initial Explor. Lithium projects in 23 salars: ▪ 2 mines in Production. Olaroz (both in expansion) Cauchari ▪ 1 mine under Construction 2018 Salar del Rincón " ▪ 16 projects from Feasibility to Advanced Exploration Rincon Project " Cauchari - Olaroz ▪ > 20 projects in Early-Stage Exploration phase. Salar de Pular " " " Rincon Lithium Project Pozuelos-Pastos Grandes " Mariana " Pastos Grandes " Most Advanced Projects and " Centenario Ratones " Operations Río Grande " Sal de los Ángeles Hombre Muerto Norte " Sal de Oro (Reservas Probadas & Probables) " Sal de Vida 8.952.788 t LCE Fénix (Recursos Medidos & Indicados) Kachi 60.571.637 t LCE (Recursos Inferidos) 29.093.642 t LCE Tres Quebradas " The Mineral Resource/Reserve estimates listed here were reported in accordance with accepted international reporting standards (NI-43-101, JORC) Subsecretaría de Desarrollo Minero Secretaría de Política Minera - 3 - Ministerio de Producción Advanced Lithium Projects in Salars Resources Inferred CAPEX / Reserves PROJECT/MINE COMPANY / OWNER OPERATOR PROVINCIA STATE NAME OF SALAR Meas+Ind Resources Projected Capacity expantion ( t LCE) ( t LCE) ( t LCE) MUSD Orocobre 67,5% | Toyota SALES DE JUJUY Jujuy Production Salar de Olaroz 6.436.800 42.500 285 Salar de Olaroz Tsuho 25% | JEMSE 8,5% Livent Corporation 100% Salar del Hombre MINERA DEL ALTIPLANO Catamarca Production 1.200.000 1.200.000 40.000 300 Mina Fénix (formerly FMC Lithium Corp.) Muerto Lithium Americas Corp 45,75% | Jiangxi Ganfeng MINERA EXAR S.A. Jujuy Construction Salar de Cauchari 1.499.000 11.752.000 25.000 425 Cauchari-Olaroz Lithium Co., Ltd. 45,75 | JEMSE 8,5% Salar de ERAMINE SUDAMÉRICA Eramet 100% Salta Feasibility Salar de Ratones 4.903.000 4.987.000 24.000 581 Centenario S.A. Ratones GALAXY RESOURCES Salar del Hombre Galaxy Resources Ltd 100% Catamarca Feasibility 4.781.000 376.000 25.000 474 Sal de Vida LIMITED Muerto Salar del Rincón Rincon Ltd. RINCON MINING LIMITED Salta Feasibility Salar del Rincón 1.081.419 3.619.797 4.327.955 25.000 720 Tres Quebradas Laguna Tres Neo Lithium Ltd. 100% LIEX S.A Catamarca Prefeasibility 760369 4.005.000 2.917.000 20.000 319 (3Q) Quebradas POTASIO Y LITIO PEA (Preliminary NextView New Energy 100% Salta Salar de Diablillos 1.037.000 1.007.000 15.000 144 Sal de Los Ángeles ARGENTINA S.A. Economic Assesment) Millennial Lithium Corp. PROYECTO PASTOS PEA (Preliminary Salar de Pastos Salta 4.120.000 798.000 25.000 410 Pastos Grandes 100% GRANDES S.A. Economic Assesment Grandes LITHEA INC. PEA (Preliminary Pluspetrol 100% SUCURSAL Salta Salar de Pozuelos 2.616.720 938.500 25.000 500 PPG Economic Assesment) ARGENTINA - 2 - Advanced Lithium Projects in Salars Resources Inferred CAPEX / Reserves PROJECT/MINE COMPANY / OWNER OPERATOR PROVINCIA STATE NAME OF SALAR Meas+Ind Resources Projected Capacity expantion ( t LCE) ( t LCE) ( t LCE) MUSD Advantage Lithium Corp. SOUTH AMERICAN PEA (Preliminary 75% | Orocobre Limited Pty Jujuy Salar de Cauchari 4.800.000 1.500.000 20.000 401 Cauchari SALARS S.A. Economic Assesment Ltd. 25% PEA (Preliminary Argosy Minerals Ltd. Argosy Minerals Ltd. Salta Salar del Rincón 245.120 84.000 Rincón Lithium Economic Assesment) 10.000 141 Jiangxi Ganfeng Lithium Co., LITIO MINERA PEA (Preliminary Ltd. 82,75% | International Salta Salar Llullaillaco 1.248.000 10.000 243 Mariana ARGENTINA Economic Assesment) 618.000 Lithium Corp. 17,25% Salar del Hombre POSCO 100% POSCO ARGENTINA S.A. Salta Advanced Exploration 2.250.000 495.000 25.000 450 Sal de Oro Muerto Salar de Pular Pepinnini Minerals Ltd. Pepinnini Minerals Ltd. Salta Advanced Exploration Salar de Pular 366.000 113.000 Salar del Rincón 2 Pepinnini Minerals Ltd. Pepinnini Minerals Ltd. Salta Advanced Exploration Salar del Rincón 60.000 6.000 Salar de Carachi Lake Resources NL Morena del Valle S.A. Catamarca Advanced Exploration 1.005.000 3.394.000 Kachi Pampa Salar del Hombre NRG Metals Argentina PEA (Preliminary Salar del Hombre NRG Metals Catamarca 570.979 5.000 93,3 Muerto Norte II S.A. Economic Assesment) Muerto Lithea Inc. Sucursal Pluspetrol 100% Salta Advanced Exploration Salar de Río Grande 2.190.000 Río Grande Argentina Lithea Inc. Sucursal Salar de Salinas Pluspetrol 100% Jujuy Advanced Exploration 239.187 Salinas Grandes* Argentina Grandes TOTAL 6.303.369 51.955.606 24.557.687 336.500 5.243 - 2 - Basic Profile Olaroz Project Lithium and Potassium Jujuy Province - 6 - OLAROZ – Basic Profile LOCATION OWNER Orocobre Ltd. (66,5%) (23° 29' 26.88" Lat. S; 66° 43' 23.16" Long. W) OPERATOR Sales de Jujuy S.A. Toyota Tsusho Corporation (25%) The Project is located in the Province of Jujuy in PARTNER northwestern Argentina, approximately 230 km - JEMSE (8,5 %) northwest of the city of San Salvador de Jujuy, capital of the province. The operation takes place at altitudes on the order of 3900 m above sea level. Cecilia Méndez; CONTACT MAILING [email protected] PROPERTY 14.000 ha MINERALIZATION Brine TYPE REQUIRED INVESTMENT 250 MUSD* Lithium - LIFE OF MINE 40 years ORE Potassium 17.500 t/year LCE PRODUCTION PRODUCTION 42.500 t/year LCE (After expansión) STATUS EXPANSION PRODUCT Lithium carbonate (Li2CO3) MINING METHOD Pumping - Evaporation - 7 - OLAROZ – Basic Profile Sampling of surface brines, Seismic, Gravimetry, REGIONAL GEOLOGY PREVIOUS Electromagnetometry, Vertical Electrical Probes, WORK Pumping tests, RC and DDH drilling, Resource The salt flats are the result of a long paleoenvironmental evolution, which estimation begins with the formation of freshwater lakes during the Pleistocene, which are salinized early until their desiccation in the Holocene. The congenital development with the volcanism led to a massive transfer of ions to the basins, whose result is expressed in important volumes of diverse salts, with a predominance of sodium chlorides. The volumetric share of salts in the total fill defines two major types of salt flats: 1) crystalline and 2) earthy. In general terms, the crystalline surfaces admit a GEOLOGY concentric zonation of facies (Alonso, 1992). The outermost one is represented by silty-clayey beaches where there is calcium carbonate finely disseminated or forming travertines. In many salt flats, this facies is accompanied by boron minerals, mainly ulexite and to a lesser extent tincal, which are the most economically important mineral species of these environments. Then there is a facies with a predominance of sulfates, mainly gypsum, accompanied by anhydrite, thenardite, mirabilite and glauberite. Finally, it is passed to a central halite facies. The crystalline salares are impregnated with interstitial brine of diversified ionic content. Almost all the brines are carriers of chemical elements of economic importance, especially boron and lithium, which together with potassium show a close affinity. - 8 - OLAROZ – Basic Profile Geología del Depósito The Olaroz salt flats are in a tectonic depression. The block descended between two faults is partially covered by salt deposits. On a Paleozoic - Mesozoic base lie continental sedimentary rocks of Cretaceous - Miocene age. GEOLOGY Sandstones, gravel and lime cemented with Upper Miocene calcite unfold in discordance over the former. Alluvial sediments, marginal deposits (silts and sands), evaporite facies interspersed with sediments and finally saline deposition facies are deposited on top of the previous ones. These last events developed during the Pleistocene and Holocene. Grade Metal Content RESOURCES Category Tonnage (Mm3) Y Li (mg/l) K (mg/l) LCE(t) KCl (t) RESERVES Measured and Indicated 1.752 690 5.730 6.436.800 5.761.944 Resources Basic profile Cauchari-Olaroz Lithium Jujuy province Cauchari-Olaroz – Basic Profile LOCATION OWNER Lithium Americas Corp. (23° 44’ 22’’ Lat. S; 66° 45’ 45’’ Long. O) OPERATOR Minera EXAR S.A. The salt flats of Cauchari and Olaroz are located in the department of Susques in the province of Jujuy, Lithium Americas Corp 45,75% | approximately 250 km NW of the capital San Salvador PARTNER Jiangxi Ganfeng Lithium Co., Ltd. de Jujuy. The salt flats extend in a north-south 45,75 | JEMSE 8,5% direction from 23°18' S to 24°05' S, and in an east- CAUCHARI- west direction from 66°34' W to 66°51' W. The OLAROZ average elevation of both salt flats is 3,950 meters http://www.mineraexar.com.ar/ above sea level. The middle point between the two CONTACT MAILING [email protected] salt flats is located directly on national route 52, 55 km west of Susques, where the company has its office. PROPERTY 84.000 ha REQUIRED INVESTMENT 425 M USD MINERALIZATION LIFE OF MINE 40 years Brine TYPE PRODUCTION 25.000 t/year LCE (two phases) Lithium ORE Potassium PRODUCT Lithium Carbonate (Li2CO3) STATUS CONSTRUCTION MINING METHOD Pumping-Evaporation Cauchari-Olaroz – Basic Profile Surface Brine Sampling, Seismic, Gravimetry, REGIONAL GEOLOGY PREVIOUS Electromagnetometry, Vertical Electrical Sounding, Pumping WORKS Tests, RC and DDH Drilling, Numerical Modeling, Estimation of The salt flats are the result of a long paleoenvironmental evolution, which Reserves. begins with the formation of freshwater lakes during the Pleistocene, which are salinized early until their desiccation in the Holocene. The congenital development with the volcanism led to a massive transfer of ions to the basins, whose result is expressed in important volumes of diverse salts, with a predominance of sodium chlorides. The volumetric share of salts in the total fill defines two major types of salt flats: 1) crystalline and 2) earthy. In general terms, the crystalline surfaces admit a concentric zonation of facies (Alonso, GEOLOGY 1992). The outermost one is represented by silty-clayey beaches where there is calcium carbonate finely disseminated or forming travertines. In many salt flats, this facies is accompanied by boron minerals, mainly ulexite and to a lesser extent tincal, which are the most economically important mineral species of these environments.
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