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Li3 Energy Company Profile

 

 

Li3 Energy, Inc. is a South American-based exploration company in the lithium and potassium mining sector. Our common stock is currently quoted on the OTCQB under the ticker LIEG. We aim to acquire and develop lithium and potassium brine deposits in South America and beyond.

 

Currently, we are focused on further exploring, developing and commercializing our flagship "Maricunga Project", which consists of two adjacent properties: i) 60% controlling interest in SLM Litio 1-6 (1,438 hectares), and ii) the Cocina Mining Concessions (450 hectares) acquired in April 2013. The project is fully funded until all construction permits are obtained due to our partnership with BBL. We currently hold 49% of the project, which is located in the northeast section of the Salar de Maricunga in Region III of Atacama in Northern Chile and is the second largest lithium-bearing salt brine deposit in Chile. We are one of the only companies with an advanced exploration stage lithium and potassium project within this region.

 

Company Goals:

  • Advance the Maricunga Project to the Feasibility Study stage
  • Support global implementation of clean and green energy initiatives
  • Meet growing lithium market demand
  • Become a mid-tier, low cost secondary supplier of lithium, potassium and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries

 

Li3 Energy is led by a management team with extensive expertise in exploration, mining, minerals, finance and commercialization. Our Board of Directors have advised, led and operated numerous mining entities. We also have a highly experienced technical team.

 

Through our strategic partner POSCAN, we have been evaluating the use of advanced process technologies that may further improve upon the economics and shorten the commercial production timeline of the Maricunga Project. These technologies have been recently evaluated by POSCO in a pilot test facility, proving effective when measured against the conventional lithium and potassium commercialization process.

 

According to the signumBOX Performance Index published in March 2014, the SLM Litio 1-6 mining concessions are ranked as the fourth best undeveloped lithium project in the world out of 37 other brine salars, subject to obtaining lithium exploitation permits. Maricunga is the highest ranked undeveloped lithium brine project in Chile and after Atacama, the Salar de Maricunga has the second highest quality deposit of lithium in Chile. We are an exploration stage company and as such, we have never generated revenues from operations and currently do not expect to generate any such revenues in the near term.