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Cauchari

The Flagship Asset

2017

2018

2019

Acquisition
  • March 2017 initial 50% interest in Cauchari project
  • December 2017: Advantage increased interest to 75% in Cauchari project.
Preparation
  • Identify target areas for resource expansion
  • Secure and deploy 3 drill rigs
Exploration
  • 5 Rotary holes Complete
  • 10 Diamond holes complete
  • Completed pump test on 5 holes
Fast-Tracking Development
  • Resource Update Q2 ‘18
  • PEA Q3 ‘18
  • Phase III drilling to expand and upgrade resource
DFS Completion Q2 2019

Accelerated Development Potential

Large, High-Quality Resource & Potential to Expand

World Class Team

75% JV Partner with Orocobre (25%) on Cauchari lithium project in Argentina

Strategically located < 20km south of JV partner Orocobre’s producing plant

Major Growth Potential

Drill Plan

 

The above information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Cauchari inferred resource, from the combined northern and southern resource areas, contains an estimated 230 million cubic metres of brine at ~380 mg/l Li and 3,700 mg/l K. This is equivalent to 470,000 tonnes of lithium carbonate (~88,000 tonnes lithium metal) and 1.62 million tonnes of potash (KCl - equivalent to ~840,000 tonnes of potassium). The Lithium Americas’ estimated measured and indicated resource of 3,804 million cubic meters of brine at 585 mg/l Lithium equates to 11.8mt of lithium carbonate. (source: http://lithiumamericas.com/filings/technical-reports/) All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed. The Cauchari exploration target is defined with a range of 0.25 to 5.6 mt of LCE and 0.9 mt to 16 mt of potash and target grade range of 260 mg/L Li and 2550 mg/L K and 537 mg/L for Li and 5350 mg/l K for the lower and upper ranges. Exploration targets are not mineral resources. The potential quantity and grade of the exploration target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume. The technical information in this news release has reviewed and approved on behalf of the company by Murray Brooker, MAIG, RPGEO, a "Qualified Person" as defined in NI 43-101.