Millennial Lithium Corp (CVE:ML) (OTCQB:MLNLF) said Friday it has filed a new technical report estimate for its Pastos Grandes brine project in Salta province of Argentina, which showed around a doubling of tonnage in the measured and indicated (M&I) category.
The report shows 4.12 million tonnes of lithium carbonate equivalent (LCE) and 15.342 million tonnes of potash (KCl) equivalent in the measured and indicated categories.
In the lower inferred category, there was a further 798,000 tonnes of LCE and 2.973 million tonnes KCl.
Compared to a 2017 estimate for the site, that represents an almost 100% increase in the measured and indicated LCE (lithium carbonate equivalent) tonnage (which was 2.131 million tonnes previously).
The firm added Montgomery & Associates Consultores Limitada, based in Santiago, Chile, a subsidiary of international hydrogeology firm E.L. Montgomery & Associates, prepared the independent resource report.
Shares of Millennial Lithium were up 1.9% at C$1.63 on Friday.
Contact Katie Lewis at [email protected]