LMC Licences - Our Neighbour Companies
Our lithium concessions are located in the so-called Lithium Triangle, near Antofagasta de la Sierra and around the village El Peñon in Catamarca / Argentina. Vast salt flats with lithium enriched brines are found in the area.
Right next to them, in direct proximity, are the concessions of public and well established companies like Lake Resources amongst others. These companies have been active in the area for a long period of time and therefore their projects are further developed. Some of them are successfully extracting lithium in the meantime, some of them are at advanced pilot stage.
LMC is closley monitoring those neighboring projects because if the properties were valued at Lake Resources’ multiples, LMC would be worth almost $1 billion! To achieve this price convergence, the size and extent of LMC’s lithium mineralization must be explored and defined – the key to increasing the project’s valuation and our top priority. An exploration program towards PFS has already been elaborated based on the initial scoping study and basic exploration.