Well said insaf.
not only adding reserves. This part of the salar is primed for a plant with ponds.
AKE is going now for Stage 3 expansion, with their own drilling campaign exactly in the north/west of salar. LEL's tenements is the logical way of Stage 3. A decent flat area on Silvia Irene to accommodate ponds for 40,000tn LCE operation. Road, services right there within the tenements.
Alpha Lithium (someone asked me a few days ago) at Tolillar is ok sized resource, but in the middle of nowhere. MC $150m.
lake, well, you can only access by plane at the moment....
don't know if AKE move will stop Albemarle to target AKE/Livent now. But if not, Albemarle can set camp in LEL and suck up this resource and affect AKE Stage 3 expansion.
Livent might want to monopolise Argentina lithium market and/or reduce Chinese access to the metal. Then you have China pushing this as well.
LEL is rapidly becoming the pretty girl in the dance floor everyone will want to catch.
Ann: Extension of Massive Intersections of Brine at Solaroz, page-73
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