Xizang Zhufeng's Argentina lithium project gets environmental approval
2024-07-02 11:58:41 [Print]
Xizang Zhufeng Resources Co., Ltd. announced that Potasio y Litio de Argentina S.A. has received a Declaracion de Impacto Ambiental (DIA) for a lithium extraction project from the Environmental and Mining Authority in Salta Province, Argentina.
Potasio y Litio de Argentina S.A. is a wholly-owned subsidiary of Tibet Summit Resources HongKong Limited, which is 85.5% owned by Xizang Zhufeng Resources. The subsidiary is advancing the Angeles lithium salt lake project with an annual production capacity of 30,000 tonnes of lithium carbonate.
According to the latest feasibility study report, Angeles project has brine resources containing 385,000 tonnes of lithium, for an equivalent of 2.05 million tonnes of lithium carbonate at at an average grade of 502 mg/L lithium, including 307,500 tonnes of lithium or 1.64 million tonnes of LCE in the measured and indicated categories, at an average grade of higher than 500mg/L.
Potasio y Litio de Argentina S.A. is a wholly-owned subsidiary of Tibet Summit Resources HongKong Limited, which is 85.5% owned by Xizang Zhufeng Resources. The subsidiary is advancing the Angeles lithium salt lake project with an annual production capacity of 30,000 tonnes of lithium carbonate.
According to the latest feasibility study report, Angeles project has brine resources containing 385,000 tonnes of lithium, for an equivalent of 2.05 million tonnes of lithium carbonate at at an average grade of 502 mg/L lithium, including 307,500 tonnes of lithium or 1.64 million tonnes of LCE in the measured and indicated categories, at an average grade of higher than 500mg/L.
Lithium Carbonate 99.2%min Delivered China
Unit:RMB/mt
China lithium carbonate 99.5%mi producers' operating rate statistics by province by month
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