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.
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