By Pitt Street Research<\/p>\n
A Lithium Triangle play <\/strong><\/p>\n Centaur Resources ((CR3)) is developing the Lobo Blanco Lithium Project in Argentina. This 100%-owned project, which covers around 11,000 ha of ground, is in an established lithium mining district in Salta Province of northwestern Argentina.<\/p>\n In the near term, Centaur is seeking a JORC resource of lithium metal at Lobo Blanco sufficient for mine development. Centaur is currently raising A$15m at 20 cents per share. The stock is expected to commence trading on ASX around 6 November 2018.<\/p>\n An interesting commodity and neighbourhood<\/strong><\/p>\n The current boom in electric vehicles has significantly boosted demand for all the components of lithium-ion batteries, coming as it does alongside ongoing robust demand for such batteries in smartphones, power tools and wearables.<\/p>\n There are two basic sources of lithium – hard rock and brine. The latter represents the low-cost option, since all that is required here, for a mine with sufficiently high grades to be economic, is to drill wells into the brine zones, pump the brine, and let evaporation take its course.<\/p>\n The so-called ‘Lithium Triangle’ encompassing northwestern Argentina (Jujuy, Salta and Catamarca provinces), northeastern Chile and southwestern Bolivia holds a lot of the world’s lithium brines due to its favourable climate for evaporation. This part of the world has been a ‘company maker’ for Australia’s Orocobre (ASX: ORE), and various juniors hope to follow in its footsteps.<\/p>\n The lithium in the Triangle sits under dried lakebeds called ‘salars’. Centaur’s neighbours for Lobo Blanco on the Salar Pastos Grandes are two Canadian companies – Millennial Lithium (TSX-V: ML) and LSC Lithium (TSX-V: LSC). Recent drilling by Millennial has encountered thick lithium-bearing brine zones at depth. All the relevant pieces of infrastructure to develop a world-class lithium mine are available in the district.<\/p>\n Download the full report<\/strong><\/p>\n Yesterday the report above was released by Pitt Street Research for which FNArena is a partner in distribution. The full report can be accessed here:<\/p>\n https:\/\/www.fnarena.com\/index.php\/pitt-street-research\/CR3\/<\/a><\/p>\n Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n