Pure-play lithium explorer Lithium Power International has entered into a binding and exclusive agreement with Chile-based mineral exploration company Minera Salar Blanco (MSB) to undertake due diligence on the exploration and development of the high-grade Maricunga lithium brine project, in Chile. Maricunga has an initial measured resource of 574 064 t of lithium carbonate, and 1.5-million tonnes of potash, with a 20-year-plus expected mine life. It also has a high grade of lithium, at 1 250 mg/ℓ and potassium, at 8 970 mg/ℓ.
