OZ Lithium has optioned the Santa Maria Sodium Carbonate Project, strategically located in Salta Province, Argentina. This location is in the heart of the lithium triangle and within trucking distance of some of the worlds largest lithium developments.
Sodium Carbonate (Soda Ash) is a necessary reagent in the production of lithium carbonate with two tonnes required for each tone of lithium carbonate produced.
The Laguna Santa Maria Sodium Carbonate Project has excellent access and is a licensed mining concession. With a past history of Na3C02 production, the project can be evaluated quickly and cost effectively. The company has access to skilled staff and a laboratory in Salta, Argentina and moving to production is a straightforward materials handling business.
Oz Lithium is well financed with a strong cash position of over $3 million in the treasury. This will allow rapid development of the prospective project to happen promptly.