MARQUEE RESOURCES LIMITED (MQR)

CENTENARIO, NORTHERN ARGENTINA

CENTENARIO LITHIUM PROJECT

The Centenario Salar is positioned in the centre of “The Lithium Triangle” in the mining friendly Salta province. The leases cover an area of 68km2 in the Centenario Lithium Brine Salar over seven adjoining leases. It is located approximately 165km west of the City of Salta which has an international airport, hotels and other facilities (population 535,000).

The Centenario Salar is approximately 60km in length, with a long axis trending north-south with the average surface elevation being 3,900m above sea level. The Project area which is a basin surrounded by mountains 500 to 800m in height and as such is a closed drainage system.

The extremely high evaporation rates have caused concentration of elements such as lithium, potassium, sodium and magnesium. The project areas climate favours the use of solar evaporation in the processing of ore due to arid conditions and intense solar radiation for around 9 months of the year.

Projects that are adjacent and in the district include:

  • Eramet (EPA:ERA – Mkt Cap ~$1.5Bn USD) Founded in 1880, ERA is a world leading diversified mining and metallurgical group listed on the Euronext Paris Exchange. ERA employs ~13,000 people globally with annual revenue greater than €3.8bn in 2018. ERA holds tenements in the Salar de Centenario adjacent to LPSA, ERA is expected to make a decision on plant construction during 2019.
  • LSC Lithium (TSXV: LSC) Mkt Cap ~$107m before being taken over by Pluspetrol Resources Corp BV on 20 March 2019.
  • Millennial Lithium (TSXV: ML) Mkt Cap ~$137m.
  • Orocobre (ASX: ORE) Mkt Cap ~ $825m.
  • Livent (NYSE: LTHM) Mkt Cap ~ $1.3Bn.
  • Geophysical surveys have recently been completed and indicate an extensive brine body throughout the Tenements.
  • Currently reviewing drill target points, with a likely drilling program expected early Q3 2019.
  • Drilling permits have been received from government agencies.
  • The Tenements are located on “Fiscal Lands” which means there is no registered surface owner.
  • JV with leading ASX lithium explorer and developer – Lithium Power International.

Figure 1 and 2: The Centenario Project Location

The Centenario Project Location

Figure 3: Centenario Tenement Map

Figure 4: Centenario Lithium Project Geology

Figure 5 and 6: Project Tenement Location and Neighbors

Project Tenement Location and Neighbors

Figure 7: Centenario Lithium Project Catchment Areas

Figure 7: Centenario Lithium Project Catchment Areas

Details of the tenements of Centenario Lithium Ltd

# File Property Hectares Registration Tenure Type
1 19,477 Centenario 3 800 Registered Exploitation

Concession

2 19,478 Centenario 4 800 Registered Exploitation

Concession

3 19,479 Centenario 5 800 Registered Exploitation

Concession

4 19,480 Centenario 6 800 Registered Exploitation

Concession

5 20,158 Centenario 200 1,504 Registered Exploitation

Concession

6 20,159 Centenario 201 1,453 Registered Exploitation

Concession

7 22,998 Bicentenario 303 694.29 Registered Exploitation

Concession

[contact-form-7 404 "Not Found"]

Contact Us

We'll get right back to you.

[contact-form-7 404 "Not Found"]