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Argentina Lithium announces first MRE for Rincon West project
Yahoo Finance· 2025-10-23 09:29
Core Insights - Argentina Lithium & Energy has announced the inaugural mineral resource estimate (MRE) for the Rincon West lithium brine project, indicating significant lithium resources in Salta Province, Argentina [1][2] Resource Estimate - The MRE reveals measured and indicated resources of 0.15 km³ brine volume with an average lithium grade of 296 mg, equating to 238,000 tonnes of lithium carbonate equivalent (LCE) [1] - An inferred resource of 0.08 km³ brine with a lithium concentration of 216 mg amounts to 64,000 tonnes of LCE [1] Strategic Positioning - The CEO emphasized that this initial resource is crucial for unlocking the potential of Rincon West and positions Argentina Lithium at the center of a strategic lithium district [2] - The proximity to Rio Tinto's Rincon Project and a partnership with Stellantis enhances the company's ability to advance Rincon West efficiently [3] Development Plans - The company is focused on conducting Preliminary Economic Study (PEA) studies and exploring advanced extraction technologies to establish a scalable, high-value lithium operation [4] - The MRE covers the West Block properties, including mining concessions Villanoveño II and Rinconcita II, totaling 2,931 hectares [4] Future Exploration - The estimate does not include the Paso de Sico concessions, which add an additional 3,742.9 hectares at Rincon Salar, indicating potential for resource expansion [5] - The exploration team plans to evaluate drilling below the current mineral resource, where expansion potential has been identified [5] Growth Pipeline - The company possesses other promising properties at Pocitos, Antofalla, and Incahuasi, which contribute to a strong growth pipeline and strategic partnerships [6] - The resource was delineated through 14 exploration boreholes totaling 4,823.2 meters of diamond drilling and one production well measuring 470 meters [6][7]