The world is shifting to clean and renewable energy to power homes and transportation. Just like electronic devices, all green homes and cars will require Lithium-ion batteries to store energy and power them. LiTHIUM X locates and develops lithium assets with the goal of supplying the increasing demand from global battery giants like Panasonic, AESC, LG, BYD and – soon – utility companies.
LiTHIUM X is a lithium resource explorer and developer with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry. Its Sal de los Angeles project is situated in the prolific “Lithium Triangle” in Salta Province, Argentina. The project is comprised on 8,156 hectares covering the nucleus of Salar de Diablillos with approximately C$19 million having been invested in the property by previous operators, including $16.2 million in work completed at Sal de los Angeles between 2010 to 2015. It contains high grade brine with a historic NI 43-101 resource of 2.8 million tonnes LCE and historic positive project economics.
LiTHIUM X also has the largest land package in Clayton Valley, Nevada covering over 15,040 acres between its Clayton Valley North project and Clayton Valley South extension. Both land packages are contiguous to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle, the world’s largest lithium producers.
LiTHIUM X is listed on the TSX Venture Exchange under the symbol LIX.V.
Sal de los Angeles project is situated in the prolific “Lithium Triangle” in Salta Province, Argentina and covers more than 95% of the Salar de Diablillos.
Approximately C$19 million has been invested in the property by previous operators, including $16.2 million in work completed at Sal de los Angeles between 2010 to 2015. Work included extensive exploration and definition drilling, pump tests, seismic & gravity geophysical surveys, basin and solute transport models, evaporation and metallurgical testing, and running a continuous pilot ponding plant on-site.
A Preliminary Economic Assessment for the Project (the “PEA”) prepared by SRK Consulting (US) on Dec. 22, 2011 for Rodinia Lithium Inc. outlined an operation producing 15,000 tonnes of lithium carbonate (“LC”) per year and approximately 51,000 tonnes of potash (“KCl”). The PEA projected a 34% internal rate of return (“IRR”) pre‐tax and a US$561-million pre‐tax net present value (“NPV”) at an 8% discount rate. The PEA also outlined an option to increase production to 25,000 tonnes LC and 85,000 tonnes potash per year. This increased production scenario generates a much higher pre‐tax NPV estimate of US$964 million, along with a pre‐tax IRR of 36%. The PEA does not include an analysis of after-tax economics.
Lithium carbonate pricing of US$5,000 a tonne was used in the PEA.
The latest resource statement for the Sal de los Angeles lithium-potash brine deposit, dated Dec. 22, 2011, estimated an inferred brine resource of 2.8 million tonnes of lithium carbonate equivalent and an inferred brine resource of 11.2 million tonnes of potassium chloride equivalent. The average inferred resource grade was estimated at 556 mg/l Li and 6,206 mg/l K. Higher grades were found in the northern portion of the Project, where sufficient land for the construction of well fields and evaporation ponds is 100% owned by PLASA.
Sal De Los Angeles
Lithium X is the largest claims holder with over 15,020 acres (6,078 hectares) in Nevada’s Clayton Valley and land positions both north and south of Albemarle’s Silver Peak mine, North America’s only lithium producer.
Clayton Valley North covering approximately 5,480 acres (2,217 hectares) in northern Clayton Valley, Nevada. The claims are contiguous to private lands and placer claims belonging to the lithium production facility of Albemarle Corporation. Historic drill information and a geophysical survey show the Property covers basin-fill sediments which are similar to the sediments currently producing lithium brines. Two Albemarle production wells lie along the boundary. Two holes are proposed within the Clayton Valley North claims as offsets to the production wells to test the complete stratigraphic section. Drilling and exploration are active in the basin and the permitting process is well established.
LiTHIUM X has also acquired the Clayton Valley South Expansion, totalling approximately 9,540 acres (3,861 hectares). The property is strategically located between and contiguous with the Silver Peak lithium mine operated by Albemarle Corp. on the northern boundary, the Clayton Valley South project operated by Pure Energy Minerals Ltd to the east and the Neptune property owned by Nevada Sunrise Gold Corporation to the west.
|Main Phone:||+1 604 609-6138|
|Address:||595 Burrard Street|
|Address 2:||Suite 3123|
|City / Town:||Vancouver|
|Postal Code:||V7X 1J1|
|CEO:||Geir L. Liland|
|Issuer Type:||CS - Common Stock|
|NAICS:||All Other Metal|
|Last Price 1.88||Change $ 0.01||Change % 0.53||Tick N/A|
|Bid 1.87||Bid Size 700.00||Ask 1.88||Ask Size 1,400.00|
|Open 1.89||High 1.90||Low 1.85||Prev Close 1.87|
|Last Trade||Volume 142,066||52 Wk Hi 2.85||52 Wk Low 0.35|
|Market Cap 125.5 mi||Ex-Div Date N/A||Div Rate N/A||Yield N/A|
|Shares 66,765,805.00||EPS (TTM) -0.10||PE Ratio N/A||Exchange TSXV|
|Current||1 Month Ago||2 Months Ago||3 Months Ago|