Antofalla North

About the Project

The Antofalla North controls 14,987 hectares of mining leases in the north end of the Salar de Antofalla, distributed between the adjacent provinces of Salta and Catamarca, with 100% interest in 9,080 hectares and the remaining leases held under option. [For details of the option agreements please refer to the most recent Company Management Discussion and Analysis.]

The Project is located approximately 25 km west of Argentina's largest lithium producing operation at Salar de Hombre Muerto.

The southern boundary of the Antofalla North project is situated approximately 500 metres north of properties controlled by global lithium producer Albemarle Inc. Albemarle has stated that it believes the lithium resource on its property has potential to rank amongst the largest in Argentina.1 [Investors are cautioned that this information is taken from the publicly available sources, has not been independently verified by the Company and it is not known if this resource conforms to the standards of NI 43-101. Furthermore, proximity to a discovery, mine, or mineral resource, does not indicate that mineralization will occur at the Company’s Project, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario.]

Location & Infrastructure

The Salar de Antofalla is approximately 150 kilometres long and 5-7 kilometres wide, and is situated at 3,900 metres elevation. The salar is accessed by Provincial highway 43 and unpaved roads, with the small town of Antofalla approximately 50 kilometres to the south and the city of Salta approximately 500 kilometres away.

Exploration Program

The Company has completed a geophysical survey and identified high-conductivity targets for drilling at the Project. For details and results, please refer to our News Releases and the most recent MDA.

1 https://www.albemarle.com/news/albemarle-signs-agreement-for-exclusive-exploration-and-acquisition-rights-to-lithium-resource-in-argentina Accessed 04/22