Outline of the Strategic Plan for the development of the Belenus Project
Litarsa’s Strategic Approach
In order to maximize the value creation opportunities of the Belenus Project, Litarsa has conceived and is currently pursuing a comprehensive business strategy based on four key elements:
1) most valuable mining properties,
2) vertical integration
3) strategic alliances with blue chip energy corporations, provincial and national authorities to profit from the country’s interest in developing a value added lithium industry and manufacturing.
4) an effective promotion and communication and
5) adequate and cost effective funding to carry on its development plan
Litarsa’s objective is to become the flagship lithium company of Argentina and thus enjoy a number of advantages that will enhance its commercial operation.
As of today, Litarsa has carried on a number of procedures aimed at evaluating Belenus’s potential and in 2017 hired “Grupo Rojas Mining Advisors” to produce the TECHNICAL REPORT ON THE LITARSA PROPERTIES ANGELITA 02 and PAPADOPULUS LVII SALTA PROVINCE. The field activities carried out between May 6th and May 8th 2017 leading to this report and the report itself were executed by a team of professionals conducted by Nivaldo Rojas and Mario Alfaro Cortes, both “qualified persons” for the purpose of NI43-101.
This document was prepared in format and content following the requirements of the Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects) including Form 43-101 F1 (Technical Report and Companion Policy 43-101CP).
In this study “the authors consider that the Litarsa Angelita 02 and Papadopulos are properties of merit as to contain lithium brines amenable to be extracted commercially. It is recommended to continue the exploration effort matter of this Technical report to complete target definition by means of two main phases of exploration”.
In view of these results, the company is now moving on to the next stage in its development basically comprising:
a) securing the financial resources to pursue the following exploration campaign
b) establishment of a permanent camp and initial operation of the mine
c) execution of next phase exploration program
d) development of lithium batteries for households and farming