Millennial Lithium Corp. Announces Positive Feasibility Study Results for its Pastos Grandes Project, Argentina

V.ML, Millenial Lithium, lithium, Argentina
Cannot view this image? Visit: https://i0.wp.com/orders.newsfilecorp.com/files/4858/46569_61162b4884dbca04_001.jpg?w=570&ssl=1
  • US$ 1,030 million after-tax NPV at 8% discount rate and IRR of 24.2% for approx. 24,000 TPY production of Battery Grade lithium carbonate (> 99.5% LCE)
  • Total Initial CAPEX estimate of US$ 448.2 million
  • OPEX of US $ 3,388/T battery grade lithium carbonate over the mine life
  • Operation based on proven solar evaporation technology and conventional lithium brine processing
  • Projected production mine life of 40 years

Vancouver, British Columbia–(Newsfile Corp. – July 29, 2019) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce the results of its Feasibility Study (the “FS”) for the production of Battery Grade lithium carbonate (>99.5% Li2CO3) from its Pastos Grandes Project in the province of Salta, Argentina. read more

Millennial Lithium Announces Approximately 100 Percent Increase to 4,200,000 Tonnes in Measured and Indicated Lithium Resources at Pastos Grandes

V.ML, Millenial Lithium, lithium, Argentina

Millennial Lithium Corp. (TSXV: ML) (the “Company”), is pleased to report an updated lithium (“Li”) and potassium (“K”) resource statement for its Pastos Grandes brine project in Salta province of Argentina. The NI 43-101 resource statement, detailed in Table 1 below, includes 4,120,000tonnes of lithium carbonate (“Li2CO3“) equivalent (LCE) and 15,342,000 tonnes of potash (“KCl”) equivalent in the Measured and Indicated Resource categories, with an additional798,000 tonnes of LCE and 2,973,000 tonnes KCl in the Inferred Resource category. Compared to resource estimates completed by Montgomery & Associates in its previous report titled Measured, Indicated and Inferred Lithium and Potassium Resource Estimate Pastos Grandes Project Salta Province, Argentina and dated December 22, 2017, the updated resources represent an almost 100% increase in the Measured and Indicated LCE tonnage (2017 value of 2,131,000 tonnes LCE). read more

Millennial Reports Positive Pumping Test Results from Third Production Scale Well at Pastos Grandes Project, Argentina; Investor Relations and Communications / Branding Agreements

V.ML, Millenial Lithium, lithium, Argentina

Millennial Lithium Corp. (TSXV: ML) (“Millennial” or the “Company”) is pleased to report encouraging results from a short-term pumping test of a third production-scale well at its Pastos Grandes Project in Salta, Argentina. Pumping well PGPW18-17 was installed as a future production well, and meanwhile to undertake short-term pumping of lithium brine to determine aquifer parameters and chemical variation during a 72-hour period in March, 2019. At a pumping rate of 19.4 litres/second (L/s), the drawdown was approximately 30 metres (m), with rapid water level recovery. Estimated transmissivity was calculated from the water level recovery data to be about 100 square metres per day (m2/day). The pumping test was completed under the direction and supervision of Montgomery & Associates. read more

Advantage Lithium more than doubles the Cauchari Project resource in Argentina to 4.8 Mt LCE Measured+Indicated and 1.5 Mt Inferred

V.AAL, Advantage Lithium, lithium, Argentina, David Sidoo
Advantage Lithium, V.AAL

Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to announce that the updated resource estimate for the Company’s flagship Cauchari Project in Jujuy, Argentina has more than doubled from the previous resource announced in May 2018, making the project the second largest development project in Argentina (based on NI 43-101 compliant M&I resources only).
Figure 1: Location of Cauchari properties, drill holes and the resource area – dashed line shows the cross section in Figure 2 (CNW Group/Advantage Lithium Corp) read more

Millennial Commissions Renewable Energy-Powered On-Site Development Park at Their Flagship Pastos Grandes Lithium Project; Caution Regarding Recent Online Article Concerning the Company

V.ML, Millenial Lithium, lithium, Argentina
info

Millennial Lithium Corp. (TSXV: ML) (“Millennial” or the “Company”) is pleased to announce the inauguration of its on-site permanent Project Center, including a 60-100 person camp, an on site laboratory, and a process pilot plant under construction which is to be commissioned in the second quarter. In line with the Company’s commitment to sustainability, the Project Center is to be powered by a state-of-the-art hybrid solar power system that will reduce CO2 output and costs for fuel. read more

Millennial Reports Positive Pumping Test Results from Second Pumping Well at Pastos Grandes Project, Argentina

V.ML, Millenial Lithium, lithium, Argentina

Millennial Lithium Corp. (TSXV: ML) (“Millennial” or the “Company”) is pleased to report encouraging results from an extended pumping test of a second production-scale well at its Pastos Grandes Project in Salta, Argentina. Pumping well PGPW17-04 was installed to complete extended pumping of lithium brine to determine the robustness and chemical variation of the aquifer over 23 days in September, 2018. At a pumping rate of 15 litres/second (L/s), the lithium content remained consistent over the trial period and the drawdown was approximately 57 metres (m), with rapid recovery. Estimated transmissivity was calculated from the drawdown data at 40m2/day. The pumping test was completed under the direction and supervision of Montgomery and Associates. read more

Advantage Lithium Corp.: Cauchari JV Update – CAU07 averaged 650 mg/l lithium over the 30 day pumping test

Updated resource estimate and wellfield design underway
V.AAL, Advantage Lithium, lithium, Argentina, David Sidoo
Figure 1: Location of CAU07 in the NW Sector (CNW Group/Advantage Lithium Corp)

Advantage Lithium Corp. (the “Company” ) (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to provide this update on activities at the Cauchari JV property located in Jujuy Province, Argentina. read more

Millennial Produces Battery Grade Lithium Carbonate from Pastos Grandes Brine

V.ML, Millenial Lithium, lithium, Argentina

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to report that bench scale process test work completed by SGS Canada Inc. (SGS) in their facilities in Lakefield, ON on brine from the Company’s Pastos Grandes project in Salta, Argentina, has yielded battery grade (> 99.5% Li2CO3) lithium carbonate. Final purification testwork results yielded a lithium carbonate product that is 99.92% Li2CO3 with low levels of magnesium (Mg), calcium (Ca), boron (B), sulphate (SO4) and iron (Fe), with no other detectable metals. read more