Quarterly Activities Report
Sydney, April 22, 2020 AEST (ABN Newswire) - Lithium Power International Limited (
ASX:LPI) (24L:FRA) (LTHHF:OTCMKTS) is pleased to submit its quarterly Activity Report for the period ended 31 March 2020.
HIGHLIGHTS
- On 4 February 2020, the Maricunga Project's Environmental Impact Assessment (EIA) was approved by Chilean authorities following a 15-month review process.
- The Engineering, Procurement and Construction (EPC) bidding process, and the project financing process are both well underway.
- The Chilean State-owned mining company, CODELCO, continues to make progress on its due diligence involving the work undertaken by the project's joint venture, Minera Salar Blanco S.A. (MSB). The legal component has been completed and the technical component is advancing.
- Exploration on the Greenbushes tenements in Western Australia (WA) produced interesting results from the laterite and soil sampling completed in forested areas. Sampling contained lithium values as high as 71ppm.
- All WA exploration activities have been suspended due to COVID-19 and will be reassessed once conditions are normalised.
- Reviews have been undertaken of all operational divisions in light of COVID-19. The Company remains focused on maximising shareholder value during this challenging period.
To view the full report, please visit:
https://abnnewswire.net/lnk/RR7PG40E
About Lithium Power International Ltd
Lithium Power International Limited (ASX:LPI) is a pure play lithium company with three distinct project regions to provide diversification. One is located in South America's brine region and three are in Australia's spodumene hard rock areas of Western Australia.
The primary focus is to develop of Chile's next high-grade lithium mine on the Maricunga Salar in an area known as the Lithium Triangle. The Company has also expanded its tenement holdings of lithium exploration prospects in Western Australia.
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