Panorama Minero








•• Monthly Mining Bulletin Nº37
April - 2017 - PANORAMA MINERO
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Mining in Argentina – March, an encouraging month

March began with the PDAC (Prospectors and Developers Association of Canada) Annual Convention, held in Toronto. As last year, Argentina played a key role among investors; with a strong support at national and provincial level (The Mining Secretary Daniel Meilán and The Governors of San Juan –Dr Sergio Uñac- and Catamarca –Dra Lucía Corpacci- provinces attended the PDAC)

By the end of March, Golden Arrow and Silver Standard announced the formation of a partnership that will include Pirquitas mine and Chinchillas project. This will allow extending Pirquitas mine life with ore coming from Chinchillas.

Canadian producer Fortuna Silver announced several results related to process mining in Lindero Gold project. Results are encouraging, and by the third quarter of 2017 the company will make a construction decision.

Argentina is becoming a more decisive player in the lithium sector, and recent news show that this trend will consolidate in the near term. Lithium Americas announced results from a Definitive Feasibility Study, showing operating and economic strength of Cauchari Olaroz project, looking to begin construction in the second half of the current year.

Also in lithium, but on the exploration front, Neo Lithium, Millennial Lithium and Advantage Lithium are becoming more relevant actors, with successful results coming from their projects.

Golden Arrow Announces Positive Pre-Feasibility Study for the Chinchillas Project Joint Venture with Silver Standard
Golden Arrow Resources Corporation announced the results of a pre-feasibility study of the Chinchillas project located in the Jujuy Province

Fortuna provides update on the Lindero gold Project
Fortuna Silver Mines Inc. presented an update of preliminary results of the optimization work being conducted on the feasibility study prepared in 2016 on the company's 100% owned Lindero gold Project located in the Province of Salta.


Blue Sky reports drilling results at Amarillo Grande Uranium Project
Blue Sky Uranium Corp. provided initial results from the ongoing Phase 1 reverse circulation (RC) drilling program at the Ivana target on the Amarillo Grande uranium project, in Rio Negro Province.


Lithium mining


Lithium Americas Announces Positive Feasibility Study for Stage 1 of the Cauchari-Olaroz Lithium Project
Lithium Americas Corp. provided results of a Definitive Feasibility Study ("Stage 1 DFS") on the Cauchari-Olaroz lithium project ("Cauchari-Olaroz" or the "Project") in Jujuy province.



Neo Lithium Continues Drilling High Grade Lithium at Significant Depths with Positive Porosity Results at 3Q Project
Neo Lithium Corp. reported drill geochemical, and porosity results from its ongoing drilling program at the Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province.



Millennial Lithium Begins NI 43-101 Resource Definition at Pastos Grandes and Geophysics at Cauchari East
Millennial Lithium Corp. announced the engagement of Montgomery and Associates Inc., a United States-based hydrogeological consultancy to provide drill program and pumping test guidance and complete a NI 43-101 compliant resource estimate at the Pastos Grandes Project.



Advantage Closes Acquisition of Orocobre's Argentine Lithium Brine Properties
Advantage Lithium Corp. announced that the Company has completed its acquisition of an initial 50% interest, with a right increase its interest to a total of 75%, in the Cauchari Project and a 100% interest in five other lithium brine properties located in the northern provinces of Jujuy, Salta and Catamarca from Orocobre Limited - one of Argentina's leading lithium producers.


VI International Seminar “Lithium in South America”


In Catamarca province, on June 6 & 7 of this year, PANORAMA MINERO will host the VI International Seminar “Lithium in South America”. There are several reasons to attend this renowned seminar:
- Argentina, Chile and Bolivia host over 75% of the world lithium resources
- Salt mines in the Andean region emerged as the main source for lithium carbonate production
- Lithium demand has grown rapidly over the past years thanks to the application of this metal to various technology solutions (batteries, computers, smart phones, iPads and other electronic devices)
- A large portion of the force in the demand lies in the so-called EVs (Electric Vehicles), where big actors such as Tesla, Foxconn, LG Chem, BYD, Boston Power are creating a phenomenon that is headed to break all industry standards: battery mega-factories. A Goldman Sachs Group report points out that lithium demand could triple by 2025 to 570,000 tons, as a result of its technological applications and electric cars.
- One of the reasons pushing the surge in lithium carbonate price is the likelihood that future supply of this metal may be restricted on account of particular interests, including political, capital-related, technical and environmental, as well as the possibility that projects might be halted or decelerated until their final start up.
- According to the USGS –United States Geological Survey- Argentina was the country that recorded the largest interannual growth, adding 17% to the modest increases of other actors, including Australia and Chile. Global lithium production reached 32,500 tons in 2015, as compared with 31,000 tons in 2014, representing 5% growth.
- Access to lithium supply has turned into a priority for technology industries in USA and Asia. Accordingly, the creation of strategic alliances and joint ventures by technology and exploration companies is an already consolidated trend that ensures diversified and actual lithium supply to battery providers and vehicle manufacturers.
For more information, please click on the following link: http://litioensudamerica.com.ar/

Compendio 2017



CONTACT: Lic. Alicia Miranda - Email: eventospm@panorama-minero.com

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