environmental impact statement approved

ASX Company Announcement
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Admiralty Resources NL
ACN 010 195 972
Rincon Lithium Limited
ACN 088 854 639
Level 14, 200 Queen Street
Melbourne VIC 3000
[t] +61-3-96701838
[f] +61-3-9670 1898
[w] www.ady.com.au
10 December 2007
Company Announcements Office
Australian Securities Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
ENVIRONMENTAL IMPACT STATEMENT APPROVED
LITHIUM PILOT PLANT COMMISSIONED
The Directors are pleased to report that RESOLUTION Nº 471, from the Mining Secretary Of Salta,
Argentina, Judicial Proceeding Nº 18119, states that the Environmental Impact Statement Report filed
by RINCON LITHIUM LIMITED in the Judicial Proceeding N° 18119, "Rincón" Mining Group, is in
compliance with the current mining and environmental regulations. They state that “ the Concessionary
Company, RINCON LITHIUM LIMITED, has filed an Environmental Impact Statement for the activities
of Brine's Exploitation and Pilot Plant operations, corresponding to the Judicial Proceeding N° 18119.
The assessment of the Environmental Impact Report carried out by the Mining Policing Area of the
Secretary shows the Environmental Impact Report meets the requirements of current regulations. At the
same time, this approval defines the environmental baseline for the life of the Project being the
conditions and parameters against which all future impacts will be assessed.
LITHIUM PILOT PLANT COMMISSIONED
Our Director of Technical Services, Dr Carlos Sorentino reports that the Pilot Plant has been
commissioned and has commenced operating, with first production of unrefined lithium carbonate
estimated to occur on 16-26 Apr 2008. Purification of this material will take a further week and
production of refined commercial lithium carbonate is expected by the end of April 2008.
TENDER FOR SALE OF 10% OF PRODUCTION FOR 10 YEARS AND AGENCY ARRANGEMENTS
Invitations were sent to a large number of prospective clients and traders inviting them to tender for 10%
of our annual production (1,700 tonnes per annum), and to sell 50% of our production via an agency
arrangement. After all confidentiality agreements are received, tender documents will be issued. The
completion date for the tenders is late February 2008.
RIO GRANDE ENVIRONMENTAL IMPACT STATEMENT
The Environmental Impact Statement was filed on Monday 5 November 2007. This impact statement
will allow us to mine sodium sulphate from the deposit and convert it into Sodium Carbonate. Unlike
most of our competitors this will allow us to control the production and cost of sodium carbonate and
further reduce our operating costs compared to acquiring the sodium carbonate from the market.
PERSONNEL
In Argentina, the company currently employs 22 professional personnel in four locations Buenos Aires,
Salta, Jujuy and Rincon Salar. Mr Alberto Ovejero Toledo has been engaged as Geologist to establish
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the Company's Geological department. Mr Toledo was an Assistant Geologist during the exploration of
the Salar where he gained considerable knowledge and experience about Rincon. He completed an
Honours Thesis with High Distinction on the mineralogy of the Salar lithology. He joined the company on
6 November 2007. A Commercial Manager, Mr Sebastian Sabater Capllonch, has been appointed to
the position of Procurement and Contract Manager and will supervise the tendering and construction of
the final processing plant.
Phillip Thomas
Executive Director – Admiralty Resources
Managing Director – Rincon Lithium Limited
[t] +61-3-96701838
[f] +61-3-9670 1898
[e] [email protected]