Lithium Chile Inc.
Brighter M&A Prospects: Resource Expansion and Anticipated PFS
Published: 4/18/2024
Author: FRC Analysts

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
LTMCF - NASDAQ 🔹
LITH.V - NEO 🔹
- LITH has completed an updated resource estimate for its flagship Arizaro de Salar project in Argentina. Resources increased by 24% to 4.12 Mt Lithium Carbonate Equivalent (LCE). The average grade increased to 323 mg/L (previously 317 mg/L). M&I resources account for 61% of total resources (previously 52%), implying increased confidence.
- Management is targeting a Pre-Feasibility Study (PFS) by June 2024. A Preliminary Economic Assessment (PEA) had returned an AT-NPV8% of US$1.1B using US$21.4/t LCE, and US$415M using US$15k/t LCE vs the current spot price of US$15.4k/t.
- LITH is spinning out all of its other projects into two new publicly listed entities. Shareholders will get free shares of the new entities. We support this plan as it allows LITH to