Not so simple. Decree 64 stipulates that the Codelco subsidiary has to have a controlling interest in a public private partnership. A separate JV involving the Litio tenements is the better option.
On another issue, I would like to thank Martin Holland for putting LPI shareholders in a great position to prosper over the longer term. Firstly he secured a 50% share of the best undeveloped lithium brine resource there is. He facilitated completion of an outstanding first stage JORC, a standout PEA and 99.9% BG LCE and has overseen significant progress of the project EIA and DFS. For that he should be applauded.
Having to wrestle with a very tricky former Chilean Government and a global mining heavy would not have been easy. He did what he thought was best for LPI and made significant progress on the Maricunga project. I sincerely wish Martin and his family all the best.
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