Located in Salta province on the border with Chile.
Property consists of 9,843 hectares (98 square km) with SQM holding the ground immediately on the Chilean side of the border. The Salta provincial entity REMSA holds the remaining portion of the salar to the south of the South American Salars/Advantage Lithium ground.
Good strategic location that could benefit from proximity to Chile with the port of Antofagasta only 250km to the west.
Very preliminary surface sampling indicates a low lithium but high potash salar target with high free calcium values but offset by high Mg values.
Provides a potential source of high-calcium brine as a blend into other SAS salar production in order to provide an optimum mix.
A systematic sampling program is required to better understand the salar extent and depth.
Follow-up geophysics consisting of gravity and ATM technique would provide targets for a shallow drilling program at minimum budget outlay.
Preliminary discussions have been held with REMSA (the Salta province holding company) to assess possible future consolidation of the salar.
Advantage Lithium is a lithium explorer and developer with top tier management and an international portfolio of quality assets. The Company has a partnership with Orocobre - one of Argentina’s leading lithium producers - to develop its Cauchari asset, which hosts an inferred resource and includes a large exploration target. Orocobre is the largest single shareholder of Advantage Lithium.
Advantage Lithium has also drilled lithium brines on all six of its drill holes at Clayton NE, Nevada - situated right beside Albemarle and within 110m of lithium production pumps.
The Advantage Lithium team has a track record of making discoveries and building companies and, having launched in July 2016, the Company has hit a series of major milestones in a very short space of time. Advantage Lithium is listed on the TSX Venture Exchange under the symbol AAL.