Advantage in pursuit of another ‘Salar de Atacama’ in Argentina

Junior project developer Advantage Lithium plans to “aggressively” chase its exploration target of finding between 250 000 t and 5.6-million tonnes of lithium carbonate equivalent (LCE) as soon as its acquisition of 75% of ASX- and TSX-listed Orocobre’s Cauchari project and a 100% interest in five other lithium brine projects spread across the northern Jujuy, Salta and Catamarca states, in Argentina, closes before the end of March. “The asset monetisation and shareholder value is going to come from the development of the Argentina assets,” president and CEO David Sidoo tells Mining Weekly Online in an interview, stressing that Advantage is one of only a handful of juniors in the lithium space that has a clear path to production within three years, as it has the management team, the assets and partnerships required to get there, in place.