Lithium Power International

Financials:

Primary ticker: ASX:LPI
Stage of development: Exploration, Development
Primary minerals: Lithium
Project to promote: The Maricunga Project
Project location: Chile
Website: https://lithiumpowerinternational.com

Lithium Power International Limited (ASX.LPI) (‘LPI’ or the ‘Company’) is a pure play lithium company with three distinct regions, one is South America’s brine region and two in Western Australia’s spodumene hard rock, providing diversification in both geography and geology.

The company’s primary focus is on the development of Chile’s next high-grade lithium mine – Maricunga Salar in an area know as the Lithium Triangle. The Company has continued the exploration on its lithium tenements in Western Australia.

Cash: A$15.2 Million
Debt: N/A

Major shareholders:
HSBC Custody Nominees (Australia) Limited – 11.33%
Citicorp Nominees Pty Limited – 6.91%
Chifley Portfolios Pty Limited – 6.16%
ArmaTrust Pty Ltd – 5.18%
Treasury Services Group Pty Ltd – 4.94%
Management Ownership – 16.8%

Management Profile

Andrew Philips – Executive Director

Mr Phillips has over 25 years’ international commercial experience previously working in senior financial and commercial management positions with a number of public and multinational companies in Australia and New Zealand with extensive networks throughout Asia.

He has served in the past as a director and/or company secretary for a number of ASX listed Companies.

What is your rationale for taking part 121 Mining Investment?

Maricunga Resource Update

What recent news would you like to highlight to investors attending?

20 Jan 2022 – Outstanding Results Delivered by the Maricunga Lithium Brine Project in its updated DFS

 

• Maricunga Stage One DFS delivers US$1.4B NPV (after tax) at an 8% discount rate

• An IRR of 39.6% and a 2-year payback period

• OPEX of US$3,718 per tonne of LCE produced

• Annual EBITDA of US$324M

• Direct development cost US$419M, Indirect cost US$145M and Contingency US$62M for a total project CAPEX of US$626M

• 15,200 tonnes of LCE per annum over 20 years

 

12 Jan 2022 – LPI To Demerge Its WA Hard Rock Lithium Assets 

 

• LPI is to spin-out its Western Australian Greenbushes and Pilgangoora lithium assets in the next six months

• Greenbushes tenements are immediately along strike from the Talison mine, the world’s largest lithium producer, while Pilgangoora is adjacent to assets owned by Pilbara Minerals

• LPI’s WA interests are held by a wholly-owned subsidiary of LPI (DemergeCo), which will seek to list on the ASX

• LPI shareholders to receive DemergeCo shares on a pro rata basis via a capital reduction and in-specie distribution, subject to shareholder and regulatory approvals 

• LPI’s Board believes the Demerger process will unlock the strategic value of the WA assets for the benefit of all shareholders and allow LPI to focus on developing its flagship Maricunga Lithium Brine Project in Chile.

 

6 Jan 2022 – Extensive Lithium Exploration Programs continue in WA

 

• LPI is advancing on multiple lithium projects and prospects in Western Australia

• Completion of a high-definition drone magnetic survey at the Blackwood Prospect over a significant structural anomaly on the Donnybrook-Bridgetown Shear Zone, along strike from the world-class Greenbushes lithium pegmatite deposit in SW Western Australia

• Soil sampling commenced over a new target area at Blackwood Prospect

• Phase 1 of detailed baseline flora assessment completed, while fauna component also completed in November.

• Soil sampling completed at the Pilgangoora tenement, adjacent to Pilbara Minerals’ Pilgangoora lithium mine.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

DFS Update

6 Months:

Finalise Funding and JV off-take

12 Months:

In Construction