Alset Acquires Just Under One Million Acres of Prospective Lithium Salars in Coahuila State, Mexico
President and Chief Executive Officer Allan Barry Laboucan said: With the staking of these new areas we have built up an enviable portfolio of 100 per cent owned prospective lithium salars. Our land holdings now cover over 1 million acres, in two excellent infrastructure rich areas. Historical work and brine extraction by Sulfatos de Viesca from the Viesca salar was confined to the upper 100 metres, the possibility therefore exists that lithium-rich brines exist deeper in the salar. We are looking forward in the near future to an exploration program to identify and confirm lithium bearing brines in these new areas. We are also moving ahead with work to understand the chemistry and leaching characteristics of our Zacatecas salars, we hope in the near term to reach the pilot-plant testing stage as quickly as possible. Our long-term goal is to try to become one of the lowest cost producers of lithium, aided by our fertilizer chemicals as potential credits. Our exploration costs are low and we expect the same when we look toward the development of our lithium salars.
