Millennial Lithium de-risks Pastos Grandes

摘要

Farhad Abasov has high hopes for Millennial Lithiums (TSXV:ML; US-OTC: MLNLF) Pastos Grandes lithium brine project in Argentina's Salta province. The CEO expects a definitive feasibility study (DFS) in the second quarter, and the project can start production as early as 2021, generating 25,000 tonnes of lithium carbonate equivalent (LCE) a year. In January, the company reported that bench-scale process test work on brine from the project by SGS Canada at its facilities in Lakefield, Ont, yielded battery-grade lithium carbonate (Li,CO3). Final purification test work yielded a project that was 99.92% Li2CO3, with low levels of magnesium, calcium, boron, sulphate and iron, and no other detectable metals. Typical lithium carbonate battery-grade for electric vehicles is 99.5% Li2CO3 the company says.