International Lithium Receives Encouraging Pump Test Results On Mariana Lithium Brine Project, Argentina.
“The ongoing confirmation that the aquifers at Salar de Llullaillaco can sustain extending pumping are complementary to our goals of achieving a positive production decision through upcoming Preliminary Economic Assessment and Feasibility Studies,” commented Kirill Klip, Executive Chairman of ILC, “These tests pave the way for us to determine the best technology and economic scenario to advance our Mariana Lithium joint venture project.”
International Lithium Receives Proof Of Concept Study For Lithium Recovery Using Membrane Separation.
"We consider this report very encouraging news for the advancement of our Mariana Lithium JV Project," commented Kirill Klip, Executive Chairman of ILC.
LEGAL DISCLAIMER
Lithium Hydroxide Production From Brine: Effective Separation Of Lithium From Contaminants By Membrane Technology.
Lithium Hydroxide Production From Brine: Effective Separation Of Lithium From Contaminants By Membrane Technology.
Kirill Klip, Executive Chairman International Lithium Corp.
We are talking here a lot about the new groundbreaking technologies for electric cars and lithium batteries. Now it is time to consider the most advanced technologies for the production of lithium as a raw material. The increasing usage of lithium batteries is driving the demand for lithium as a raw material and new extraction technologies will provide the technological advantage to the most progressive companies investing in the future.
My lower estimate for future demand is that 36 million tonnes of LCE (Lithium Carbonate Equivalent) must be produced by 2040 in order to meet the IEA's target for the 600 million electric cars necessary to keep global temperature increase below 2%. However, over 100 million tonnes of LCE will be needed if all new cars are to be electric by 2040, this being one of IMF's scenarios for the future. Now let's just start adding here the Energy Storage for Solar and Wind Power Generation.
Our starting point for electric cars is just over 1% of total auto sales in the world and only 200,000 tonnes of LCE produced in 2016. The dramatic increase in demand for lithium will require accelerated production from all known reserves of lithium and new resources will need to be found and put into production, this being crucial to the Energy rEVolution.
At International Lithium, we are very interested in processes developed for the recovery of Lithium Hydroxide directly from brine. Lithium Hydroxide is the highly sought strategic commodity which is used in lithium batteries as Tesla and Panasonic are doing for example at Tesla Gigafactory. Read more."
Lithium Hydroxide Production From Brine: Effective Separation Of Lithium From Contaminants By Membrane Technology.
Kirill Klip, Executive Chairman International Lithium Corp.
We are talking here a lot about the new groundbreaking technologies for electric cars and lithium batteries. Now it is time to consider the most advanced technologies for the production of lithium as a raw material. The increasing usage of lithium batteries is driving the demand for lithium as a raw material and new extraction technologies will provide the technological advantage to the most progressive companies investing in the future.
My lower estimate for future demand is that 36 million tonnes of LCE (Lithium Carbonate Equivalent) must be produced by 2040 in order to meet the IEA's target for the 600 million electric cars necessary to keep global temperature increase below 2%. However, over 100 million tonnes of LCE will be needed if all new cars are to be electric by 2040, this being one of IMF's scenarios for the future. Now let's just start adding here the Energy Storage for Solar and Wind Power Generation.
Our starting point for electric cars is just over 1% of total auto sales in the world and only 200,000 tonnes of LCE produced in 2016. The dramatic increase in demand for lithium will require accelerated production from all known reserves of lithium and new resources will need to be found and put into production, this being crucial to the Energy rEVolution.
At International Lithium, we are very interested in processes developed for the recovery of Lithium Hydroxide directly from brine. Lithium Hydroxide is the highly sought strategic commodity which is used in lithium batteries as Tesla and Panasonic are doing for example at Tesla Gigafactory. Read more."
My lower estimate for future demand is that 36 million tonnes of LCE (Lithium Carbonate Equivalent) must be produced by 2040 in order to meet the IEA's target for the 600 million electric cars necessary to keep global temperature increase below 2%. However, over 100 million tonnes of LCE will be needed if all new cars are to be electric by 2040, this being one of IMF's scenarios for the future. Now let's just start adding here the Energy Storage for Solar and Wind Power Generation.
Our starting point for electric cars is just over 1% of total auto sales in the world and only 200,000 tonnes of LCE produced in 2016. The dramatic increase in demand for lithium will require accelerated production from all known reserves of lithium and new resources will need to be found and put into production, this being crucial to the Energy rEVolution.
At International Lithium, we are very interested in processes developed for the recovery of Lithium Hydroxide directly from brine. Lithium Hydroxide is the highly sought strategic commodity which is used in lithium batteries as Tesla and Panasonic are doing for example at Tesla Gigafactory. Read more."
Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this article; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.
InvestorIntel:
International Lithium Close To Update On Hotly Awaited Ganfeng Argentina Entry.
International Lithium Corp. (TSXV: ILC) is close to going ahead with a pre-feasibility study on the Mariana project in Argentina in 2018, a step that will provide key details on the pace of overseas expansion of Jiangxi Ganfeng Lithium Co., China’s biggest lithium processor.
The two companies are readying a “very important” budget to carry out an economic assessment and pre-feasibility study for Mariana, a lithium-rich salt-lake in Argentina’s northwest Salta province, International Lithium CEO Kirill Klip told InvestorIntel. The two companies plan to bring production online in three years from now, he said.
Ganfeng’s timetable in developing Mariana may effectively serve as a bellwether for the state of global lithium supply. The company is the largest integrated supplier of refined lithium in the world and provides a host of products including lithium carbonate to Panasonic, which in turn provides battery cells for Tesla’s Gigafactory in Nevada.
The Xinyu, China-based company possesses the technical expertise needed to understand the chemistry of Mariana’s brine and how that fits into Ganfeng’s logistics chain. “We are already plugged into Ganfeng’s supply chain,” Klip said. “This is what sets us apart from other junior exploration companies.”
The Chinese company has made multiple investments in lithium projects. Ganfeng owns 43% of Mt Marion, an Australian lithium spodumene project, a 17% stake in Lithium Americas, also based in Argentina, and a 5% stake in Pilbara Minerals that plans to start output in the next six months and sell the output to Ganfeng. Automakers and electrical appliance makers’ search for long-term supply contracts has become an industry standard, according to Albemarle Corp., the world’s largest lithium producer.
International Lithium publicized the results of trial pump tests on December 6th carried out by Australian Geos Mining Minerals, confirming the suitability of the Llullaillaico salt-lake for brine extraction. The aquifer system has high transmissivity and high hydraulic conductivity, must haves for a brine operation, Klip said. Another test back in September showed that the operator could directly extract lithium hydroxide from raw brine, without the need for a traditional evaluation process.
“These tests pave the way for us to determine the best technology and economic scenario to advance our Mariana lithium joint venture project,” Klip said.
Brine operations have traditionally been the lowest cost in the lithium industry, requiring much less heavy machinery to extract raw material as they rely on evaporation to dry out minerals normally rich in lithium and potassium.
SQM and Albemarle have dominated world supply lithium supply since the 1980s from the Atacama Desert in northern Chile, along with Philadelphia-based FMC Corp. in neighboring Argentina. SQM, Albemarle and FMC’s stronghold on global supply was weakened in 2012 when Albemarle and China’s Tianqi Lithium carried out a major expansion of the Greenbushes mine in Western Australia, and supply that the automotive and electronic components industries say is much needed because of an expected surge in global demand.
Since the 2015 election pro-business reformist Mauricio Macri, Argentina has become a hotbed of mining exploration activity, especially in the northwest of the country that forms part of South America’s so-called Lithium Triangle along with Chile and Bolivia.
Australia’s Orocobre started Olaroz, the country’s second lithium operation, in 2015, partnering with Toyota Tsusho Corp. Private equity firm Sentient Group is developing its Salar de Rincon project in Argentina.
International Lithium holds a strategic stake in Mariana and together with its 10% back-in right can boost this to over 20%. The two companies are also working to explore the Avalonia project in Ireland, while International Lithium holds exploration concessions in Ontario, Canada.
Publishers Note: This piece was written by Guest Editor Matt Craze. We will have his bio listed in next 24 hrs."
No comments:
Post a Comment