Lithium Chile
Financials:
Primary tickers: TSXV:LITH, OTCBB:LTCMF
Stage of development: Exploration, Development
Primary mineral: Lithium
Projects to promote: Arizaro, Argentina
Project locations: Argentina & Chile
Website: lithiumchile.ca
Corporate Presentation: Click here
Corporate Video: Click here
Lithium Chile has ownership in the largest high-grade lithium reserves in the world comprising of over 110,000 hectares in Chile and 20,800 hectares in Argentina. The Phase Two Exploration & Development Program is currently underway in Arizaro, Argentina to expand the resource of 3.32 million tonnes (LCE) as reported in the 43-101. A pre-tax NPV of US $1.8 B was reported in the PEA with a 29% IRR. An Exploration Program in Chile on 2 key properties, with historical drill results showing high grade lithium, will begin in the second quarter of 2023. The Company has a significant cash position with an experienced team, enabling the Company to move forward one of the largest land portfolios in the junior mining sector.
Cash: CAD$35,000,000
Debt: NIL
Major shareholder:
Gator Capital – 19%
Ocean Wall – 10%
Management Ownership – 40%
Map of Projects
Management Profile
Michelle DeCecco, Vice President & COO
Miss DeCecco has over 20 years in the public mining industry with a focus on capital markets, investor relations and corporate development. She has a Masters in Business and holds several Boards positions in public mining companies.
What is your rationale for taking part in 121 Mining Investment?
Lithium Chile is looking for market support and long-term investors
What recent news would you like to highlight to investors attending?
September 2023 – Lithium Chile Provides Update on Corporate Actions
August 2023 – Lithium Chile Delivers Positive Preliminary Economic Assessment for the Arizaro Project in Argentina
July 2023 – Lithium Chile Begins Drilling the First Exploration Well on Its Salar De Llamara Chile Project and Reports Increased Grades After Resampling Wells on Arizaro, Argentina
June 2023 – Lithium Chile Increases Lithium Resource by 28% With Grades Up to 584 Mgl
What are your key goals for the next 3, 6 and 12 months?
3 months:
~ Filing our Environmental Impact Study for our production permit anticipated in early 2024
~ Expanded drilling program on Arizaro: two additional water wells, two additional production wells and three additional diamond drill holes
~ Filing three CEOL for exploitation permits on Llamara, Aguilar and Los Morros with the Chilean Ministry of Mining
~ Begin three well exploration drill program on Sala de Aguilar, Chile
~ Potential JV LOI for four Chilean prospects with major European mining group
~ 43-101 Resource update on Arizaro
6 months:
~ Potential JV on additional property on Arizaro
~ PFS Report Filed
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
~ Unstable market conditions
~ Low lithium carbonate price, despite demands increasing
What do you think makes your company such a compelling investment?
Our Company’s stock price is trading far below what independent analysts have valued us at, while lithium demand continues to grow. We are one of the few junior mining companies that has vast land holdings in both Chile and Argentina. The Company has a reported resource of 3.32m tonnes and a PEA value, pre-tax NPV 1.8B. Lithium Chile is fully funded with over 35 million dollars in the bank, and zero debt. The Company is actively working to expand its lithium resource through an aggressive drilling program and several joint ventures.
What are the top 3 key investor takeaways?
* Largest lithium property holder in the junior mining sector
* 3.32 million tonne lithium resource reported in the 43-101
* PEA Results: Pre-Tax NPV $1.8B, IRR 29%, Payback 3.5years