Dr. Waldo Perez, CEO of Lithium Americas Corp (TSX:LAC) is interviewed on Midas Letter Money
(Thomson Reuters ONE) -
Dr. Waldo Perez, CEO of Lithium Americas Corp (TSX:LAC) is interviewed by James
West, host of Midas Letter Money on the Reuters Insider network. In the
interview, Dr. Perez describes the pilot production status of the company and
its ramp-up to full commercial production, and discusses in depth the partners
they have in place to see the company transform into one of Latin America's
major new sources of lithium for lithium-ion batteries.
"A 3D brine numerical model is the ultimate tool to fine tune the mine plan in a
brine development resource. The Model has also supported many of the critical
assumptions in our Preliminary Economic Assessment ("PEA") including the size,
quality and estimated productive life of the Cauchari-Olaroz resource estimate -
one of the largest lithium brine resource in the world. We are very pleased that
the Model also indicates that due to the exceptional geological characteristics
of our salar, we are expected to require approximately 50% of the production
wells originally estimated in the PEA to put phase 1 of the project into
production", said Dr. Waldo A. Perez, President and CEO of Lithium Americas. "We
continue to add value to our project and to demonstrate the technical capability
of our team. We expect to deliver the definitive Feasibility Study with reserves
and a mine plan in Q2 2012″.
Click on the image below to watch the video in HD format:
The interview covers aspects of Lithium America's pending transformation from a
pilot plant mode to full commercial production.
About Lithium Americas
Lithium Americas is developing one of the world's largest and lowest cost
lithium operations.
The Company currently has rights over approximately 164,700 hectares (ha) in
five salt lakes in the Jujuy and Salta Provinces of Argentina.
The Company's main property (approximately 82,500 ha) comprises a significant
portion of two adjacent salt lakes, Cauchari and Olaroz, located in Jujuy,
Argentina. Based on a 43-101 Technical Report filed on December 6, 2010, the
Company's main property hosts the third largest known lithium brine resource in
the world. As the resource estimate was based on exploration results obtained
from only approximately one-third of the main property, with all drill holes
still open at depth, there is the potential to significantly increase the size
of the resource estimate in the future.
About Midas Letter Money
Midas Letter Money is the show about commodities, economics, investing and
natural resources hosted by James West, publisher of Midas Letter at
http://www.midasletter.com . As a Reuters Insider Channel Partner, Midas Letter
Money is distributed to 450,000 subscribers on the Thomson Retuers platform.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
[HUG#1598948]
Unternehmensinformation / Kurzprofil:
Datum: 30.03.2012 - 17:22 Uhr
Sprache: Deutsch
News-ID 130538
Anzahl Zeichen: 3612
contact information:
Town:
Bowen Island, B.C.
Kategorie:
Business News
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