Junior project developer Advantage Lithium plans to “aggressively” chase its exploration target of finding between 250 000 t to 5.6-million tonnes of lithium carbonate equivalent (LCE) as soon as its acquisition of 75% of ASX- and TSX-listed Orocobre’s Cauchari project and a 100% interest in five other lithium brine projects spread across the northern Jujuy, Salta and Catamarca states, in Argentina, closes before the end of March.
“The asset monetisation and shareholder value is going to come from the development of the Argentina assets,” president and CEO David Sidoo tells Mining Weekly Online in an interview, stressing that Advantage is one of only a hand full of juniors in the lithium space that has a clear path to production within three years, having in place the management team, the assets and partnership necessary to get the company there.
