Property covers 10,653 hectares (107 square km) on the northern tip of the Antofalla salar straddling the Salta/Catamarca provincial limit.
The property immediately to the south was explored in 2009-2011 by the Brazilian company Vale de Rio Doce with several drill holes to depths of 300m+ encountering reported grades in the order of 1,000-4,000ppm K and 100-400ppm Li (source: Bolland SA public document). Vale returned the property to the underlying owner Bolland SA in 2015. In 2016, the current owner Albermarle Ltd. acquired the property rights from Bolland.
Geological interpretation suggests a deep, fault-bounded basin with Li-K bearing brine aquifer.
Strategically located within 80km of a railhead at Tolar Grande and 130km from the Chile-Argentina border.
Since no work has yet been completed by South American Salars (Advantage Lithium’s entity in Argentina), the property will require a first-stage prospecting level exploration program of pit sampling followed by geophysics and drilling pending target generation.
Advantage Lithium is a lithium explorer and developer with top tier management and an international portfolio of quality assets. The Company has a partnership with Orocobre - one of Argentina’s leading lithium producers - to develop its Cauchari asset, which hosts an inferred resource and includes a large exploration target. Orocobre is the largest single shareholder of Advantage Lithium.
Advantage Lithium has also drilled lithium brines on all six of its drill holes at Clayton NE, Nevada - situated right beside Albemarle and within 110m of lithium production pumps.
The Advantage Lithium team has a track record of making discoveries and building companies and, having launched in July 2016, the Company has hit a series of major milestones in a very short space of time. Advantage Lithium is listed on the TSX Venture Exchange under the symbol AAL.