Measured and Indicated Resource
The Cauchari mineral resource is located adjacent to the southern boundary of the Olaroz Lithium Facility and surrounds the Exar Cauchari project.
In April 2020, 100% of Advantage Lithium Corp. (Advantage) was acquired to provide new growth and development options beyond the projected expansion of the Olaroz Lithium Facility.
The chemistry of the resource is similar to the nearby Olaroz deposit allowing for compatible processing. There is also the opportunity for growth through the utilisation of strong regional infrastructure, local experience in permits and government and community relations.
Development drilling undertaken in 2018 and 2019 has enabled better management of the Olaraoz/Cauchari basin and in an increase in Mineral Resource.
Cauchari contains 4.8 million tonnes (Mt) of Measured and Indicated Lithium Carbonate Equivalent (LCE) resource, 1.5 Mt of Inferred LCE resource and 14.9 Mt of Measured and Indicated Potash (KCl) resource. The Resource remains open at depth and to the south.