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Lithium Power International submitted Environmental Impact Assessment

Mining News - Published on Wed, 19 Sep 2018

Image Source: ABN Newswire
Lithium Power International Limited through its JV Company, Minera Salar Blanco, advised that it has submitted the Environmental Impact Assessment Report for the Maricunga Lithium Brine Project to the Chilean Environmental Authority, Servicio de Evaluación Ambiental.

- Major milestone achieved with the submission of the Maricunga Project's Environmental Impact Assessment ("EIA") to the Chilean Environmental Authority, Servicio de Evaluación Ambiental ("SEA"), after more than 2 years of preparation.

- During the EIA evaluation process, priorities will shift to secure finance for the Project and off-take agreements for the high-purity lithium carbonate output.

- The Project will provide significant economic and social benefits for Chile and the Atacama Region. The Company expects to continue working closely with the Chilean authorities and contribute to strengthen the country's position on the global lithium industry.

- The EIA submission follows completion of a Resource Report and Preliminary Economic Assessment ("PEA") in 2017 and granting of a Nuclear Commission ("CCHEN") permit in 2018.

- The Definitive Feasibility Study ("DFS") is expected to be finalised and released by the end of 2018 which will continue to demonstrate the outstanding value of the Maricunga Project.

The EIA is the culmination of more than two years of exhaustive work. The process involved in-depth data gathering, a variety of environmental and engineering studies and monitoring campaigns carried out by experienced company management and consulting experts, including MWH-Stantec, WorleyParsons and Flo Solutions.

The result is a comprehensive 11,400-page document, which includes complete environmental baseline studies, hydrological and hydrogeological modelling, human, archaeological and fauna and flora characterisation, and impact evaluation.

The EIA also included a lengthy process of social engagement with the Colla indigenous communities in the area. In addition, significant consultation took place with regional authorities and local organisations, which are all interested parties in the EIA process.

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Posted By : Rabi Wangkhem on Wed, 19 Sep 2018
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