Francisco Basin features a salar and lagoon with shallow surface brine, and a gradually rising plain to the south.
This southern plain is the focus area of the project, with an exploration target of 0.3 – 1.2 million tons of lithium.
The Francisco Basin Project is a potentially larger and higher grade project.
Two surface brine sampling programs: average lithium grades of 375 & 694 mg/L Li recorded.
This is in the mid to high range of grades for exploration stage projects in the Lithium Triangle, and 2-3X higher than the reported lithium grade from any geothermal brine project in Europe or North America.
Geophysics: identified priority lithium target zone (10-25 km2).
Reconnaissance drilling: completed rotary hole to 220m, confirmed geophysics model (aquifer thickness).
Brine samples analysed by Ad-Infinitum: estimate lithium grade of 300-600 mg/L expected from target aquifer.
Next stage is specialist water well drill rig for resource drilling via casing, pump testing and sampling deep aquifer.