Tama Atacama
Lithium Project
The Tama Atacama Lithium Project distinguishes itself as one of South America’s largest and most strategically positioned lithium brine projects. The project is set at an altitude of 800-1100m, and sits within the 12,500km2 Pampa del Tamarugal Basin, in the Atacama Desert in northern Chile, which is a hyper-arid environment with very high evaporation rates. The total project area is ~1,535km2, of which ~1,234km2 comprises granted exploration concessions and ~1,036km2 is subject to binding Option Agreements to purchase 100%.
Flagship Minerals has an option to purchase 100% of the Project.
Tama Atacama Lithium Project: Granted Licenses under Option Agreements and MOU
The project is well-supported with all necessary transport and energy infrastructure, and is situated 40-60km from the coast and only 75km from Iquique, a well-equipped coastal city with a population of 200,000, a deep water bulk and container port, and regular flights to Santiago. The project is only 75km from Port of Patillos, Chile’s largest salt export terminal, providing ASX:FLG a potential solution for waste salt, and several pipelines pump sea water through PAM’s project areas, providing a potential solution to achieving water balance. The project is north of Chile’s lithium chemical refining hub in Antofagasta, with access by rail and road.
Tama Atacama Lithium Project: Proximal Lithium Chemical Refining Plants
Reconnaissance work suggests similar geochemical signatures to Salar de Atacama. Analysis of historical geophysics (seismic) show a very large basin up to 600m deep. Extensive lithium surface anomalies with lithium results up to 2,200ppm Li, and averaging 700ppm Li (56/177 assays, 270ppm cutoff) extend over ~160km.
More Projects
The Rosario Copper Project is located in the commune of Diego de Almagro, Chanaral Province in the Atacama region of northern Chile. The Project is situated at ~2,500m altitude and about 10km north of the El Salvador mine (owned by CODELCO) and the town of El Salvador with a population of about 7,000. Access to the Project is via well-formed paved roads and then well formed dirt roads for the last 10km.
The RK Lithium Project (‘RKLP’) includes the RK Lithium Prospect (RK), the BT Lithium Prospect (RK), KT East Lithium Prospect (KT East) and the KT West Lithium Prospect under application.