LAGRANGE MINERALS INC.
THE SALAR DE SOL BRILLANTE PROJECT
The Salar De Sol Brillante Project consists of eight salars (salt lakes) and playas located in the Atacama Region of Northern Chile. All of the eight salars are 100% owned by Lagrange Minerals and its Chilean partners, and they are clustered within a radius of approximately 100 kilometres. The salars are largely underlain and surrounded by volcanic rocks of andesitic to basaltic affinity that make up some of the 800 volcanoes located in the Andes Mountains of northern Chile. 70% of the world’s lithium deposits are located in the Lithium Triangle Region of Chile, Argentina and Bolivia.
The salars are salt filled closed basins, confined by a sequence of volcanic rocks. The brines in the salars were formed by leaching of the host volcanic rocks by snowmelt and rainwater run-off that accumulated in the closed basins. Evaporation concentrated the waters and precipited the salts which are commonly gypsum and halite.
Lagrange Minerals, through a joint venture with Sociedad Quimica y Minera de Chile (NYSE:SQM), is now producing and refining lithium brine from Salars 1 & 2. SQM are processing the brine through their existing facilities in the region and are channeling distribution through their long established networks. The joint venture partners SQM are one of the top 3 largest global producers of lithium.
Lagrange’s projects at Salar de Sol Brillante Salars 3-8 has included initial drilling, transient electromagnetic geophysical surveys and regional surface water geochemical sampling programs. All 8 salars are on course to be on production by 2020 which will then make the Salar de Sol Brillante project one of the largest single lithium producing projects in the world.