PepinNini Lithium granted new drilling permit
PepinNini Lithium Ltd’s (ASX:PNN) PepinNini SA has been granted a drilling permit in respect of Mina Sisifo, Incahuasi Salar by the Mining Court of Salta Province.
This entitles the company to explore the salar using geophysics, drilling, trenching and sampling.
PNN plans exploration drilling, targeting a Lithium Carbonate (LCE) resource on the salar which is located midway between the company’s Rincon and Pular Projects as indicated below.
Mina Sisifo was granted to PepinNini following a tenement swap earlier this year with Lithea Inc, wholly owned by Canadian entity Lithium S (TSX.V:LSC) which involved the direct swap of Lithea’s tenements on Salinas de Incahuasi for tenure at Salinas Grandes held by PNN.
Overall this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.
Previous data provides surface lithium grades
Data obtained from the previous holding entity indicates surface lithium grades up to 296mg/l and chemistry showing elevated calcium as indicated below.
Average grades from surface samples identified by Lithea Inc in 2011:
This factor would reduce the lime (calcium carbonate) requirement for processing to LCE, potentially making this an excellent brine for blending.
Lime is used in processing to remove impurities such as magnesium.
The unique chemistry of Incahuasi Brine makes this project very attractive to play an integrating role in the development of the company’s three lithium brine projects in Salta.
It is also worth noting that this is the last salar in Salta Province without a defined LCE resource and there are only three entities holding tenure in the Salar, PepinNini, Advantage Lithium (TSX-V:AAL) and the Provincial Authority REMSA, with the latter expected to release areas for public competitive tender towards the end of year.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.