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Canadian Wealth Minerals has entered into an agreement with Germany’s Thyssenkrupp Mining Technologies for the development of the Ollagüe Salar lithium project in the Antofagasta region of Chile.
The two companies have agreed to develop the project from exploration to commercial scale production, Wealth Minerals said in a statement.
Initially, Wealth Minerals and Thyssenkrupp will perform brine testing and set up a pilot plant, in addition to evaluating and selecting sustainable processing technology for lithium extraction and purification processing.
“Traditional evaporative production methods are not an option for us on this project. Our goal is to meet the highest sustainability standards while minimizing environmental impact,” said Marcelo Awad, Managing Director of Wealth Minerals in Chile.
Previous drilling campaigns conducted by Lithium Chile in 2018 returned grades of up to 480 mg/l of lithium.
Further exploration will be required to describe the mineral resources of the project, according to the press release.
The mining and marketing of lithium in Chile is subject to strict government control and requires the issuance of specific licenses by various authorities.
The Chilean government is working on the development of corresponding regulations for the creation of a national lithium company.
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