Southern Hemisphere Mining Limited (ASX: SUH | FWB: NK4) has filed application for the Lago Lithium Exploration Project, located in the renowned lithium-rich Atacama region of Chile.
The Salar de Atacama is widely recognized for its exceptional lithium deposits operated by the world’s largest lithium brine producers, SQM and Albemarle.
SQM holds leases in the Salar de Atacama with a total area of approximately 1,400km2 and possesses permission to extract brines from an area of approximately 820km2. SQM produces highly concentrated lithium chloride at its facility in the Salar de Atacama which are then transported to its PQC lithium carbonate processing facilities near Antofagasta, Chile.
The annual production of the lithium carbonate plant at PQC is 180,000mtpa and is in the process of increasing the production capacity to 250,000mtpa by 2026.
The company’s concessions were applied for following a comprehensive evaluation process, targeting exploration for lithium brines that are potentially suitable for direct lithium extraction technology (DLE).
Southern Hemisphere Mining is unaware of any competing application on the public register. Lithium, a vital component in the production of high-performance batteries for electric vehicles and renewable energy storage systems, has emerged as a crucial resource in the transition to a greener and more sustainable future. Chile, renowned for its world-class lithium and copper resources, and established mining infrastructure, serves as an ideal location for our expansion efforts.
The application for these concessions in the Atacama region, known for its high lithium concentrations and low impurities, gives the company exposure to a highly prospective lithium investment and reinforces its commitment to sustainability and responsible resource management.
To find out more, please visit www.shmining.com.au
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