PepinNini Lithium: Initial JORC Resource announced for Pular Project

PepinNini Lithium Ltd reported an initial lithium and potassium resource statement for its Pular Lithium Brine project in Salta province.  The maiden JORC 2012 resource statement, for the Pular project follows the announcement last month of the initial JORC resource for PepinNini’s Rincon lithium brine project – also in Salta Province.

The Pular resource announced includes 366,000 tonnes of lithium carbonate (“Li2CO3”) equivalent (LCE) and 6,904,000 tonnes of potash (“KCl”) equivalent in the Measured Resource category, with an additional 113,000 tonnes of LCE and 2,246,000 tonnes of KCl in the Inferred Resource category.

Ms Rebecca Holland-Kennedy, Managing Director of PepinNini Lithium, commented on the initial resource for the Pular Project,   “We are very excited to see such a significant initial JORC resource estimate from our hydrogeological consultants.”

PepinNini now has a strong defined resource estimate in place for its Pular Project with the majority in the Measured category and because of the rocktypes that dominate the drainable brine resource it is anticipated that future wells completed in these units would be favourable for extracting brine.”

“This will allow us to continue to advance to the next level of assessment for development of lithium production with potash credits.”