Here’s why today’s “600 mg/L” lithium concentration result is...

Here’s why today’s “600 mg/L” lithium concentration result is interesting when compared to other Argentine brine projects:

• In June 2024, the Solaroz Lithium Project in the Olaroz Salar approx. 200km north of PUR was acquired for US$63M ($98M). Solaroz holds a JORC resource of 3.3mt LCE at 305mg/L.

• In December 2023, Argentine company Tecpetrol, a company led by Argentine billionaire Paolo Rocca acquired TSX listed Alpha Lithium whose main asset was the Tolilar Project approx. 50km north of PUR for $230M USD / $350M AUD. Tolilar holds an Ni 43-101 (foreign) resource of 2.1mt LCE at 242mg/L.

• Earlier this month it was reported in the AFR that Cleantec Lithium Plc was looking to list on the ASX via a $20M raise on a $100M valuation. Cleantec’s main project Laguna Verde holds a resource of 1.8mt LCE @ 208mg/L with grades up to 409mg/L.

PUR is capped at $11M - just a small fraction of the valuations mentioned above.
Whilst its early days for PUR with only one deep hole drilled, it is already yielding higher grades than all 3 projects supporting 100 million+ market caps / valuations.

A Snippet supplied by Next investors.....LUVIT>