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: www.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: AUD$15.2M
Debt: NIL
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 Phillips – Executive Director/CFO/Company Secretary
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 in 121 Mining Investment?
Maricunga Resource Update, WA assets spin-out.
What recent news would you like to highlight to investors attending?
17 Nov 2022 Lithium Carbonate with 99.92% purity produced from Maricunga
16 Dec 2022 Consolidation of Maricunga Project to complete imminently
23 Dec 2022 LPI completes Maricunga ownership consolidation
13 Jan 2023 LPI commences drilling at Greenbushes Lithium Project
25 Jan 2023 Drilling at Greenbushes lithium project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
WA assets spin-out
6 Months:
In Construction