Lithium X Energy (TSXV:LIX) has reported the filing of a National Instrument 43-101 technical report done by FloSolutions dated August 30, 2016 called Resource Estimate for Lithium & Potassium, Sal de los Angeles project, Salta.

As quoted in the press release:

The NI 43-101 resource estimate, prepared by FloSolutions and summarized in Table 1 below, includes an Indicated component of 194,860 tonnes of lithium at an average grade of 501 milligrams per litre (“mg/l”) (1,037,000 tonnes of lithium carbonate equivalent) (“LCE”) and 2,143,491 tonnes of potassium at an average grade of 5,512 mg/l (4,088,000 tonnes of potash (“KCl”) equivalent).  The resource estimate also established an inferred resource of 189,130 tonnes of lithium at 410 mg/l (1,007,000 tonnes of LCE) and 2,068,161 tonnes of potassium at 4,489 mg/l (3,948,000 tonnes KCl equivalent).

The resource estimate establishes Sal de los Angeles as a large and high grade undeveloped lithium brine project, with a Feasibility Study underway.

Brian Paes-Braga, Founder and CEO of Lithium X, commented, “This resource estimate confirms the significance of the Sal de los Angeles deposit and will form the basis of a Feasibility Study. Our experienced operating team, led by Eduardo Morales, continues with ongoing processing and engineering work. These are major steps towards bringing Sal de los Angeles into commercial production.”

Click here to read the full press release.

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