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Dr. Waldo Perez, CEO of Lithium Americas Corp (TSX:LAC) is interviewed on Midas Letter Money
Dr. Waldo Perez, CEO of Lithium Americas Corp (TSX:LAC) is interviewed by James West, host of Midas Letter Money on the Reuters Insider network. In the interview, Dr. Perez describes the pilot production status of the company and its ramp-up to full commercial production, and discusses in depth the partners they have in place to see the company transform into one of Latin America's major new sources of lithium for lithium-ion batteries.
"A 3D brine numerical model is the ultimate tool to fine tune the mine plan in a brine development resource. The Model has also supported many of the critical assumptions in our Preliminary Economic Assessment ("PEA") including the size, quality and estimated productive life of the Cauchari-Olaroz resource estimate - one of the largest lithium brine resource in the world. We are very pleased that the Model also indicates that due to the exceptional geological characteristics of our salar, we are expected to require approximately 50% of the production wells originally estimated in the PEA to put phase 1 of the project into production", said Dr. Waldo A. Perez, President and CEO of Lithium Americas. "We continue to add value to our project and to demonstrate the technical capability of our team. We expect to deliver the definitive Feasibility Study with reserves and a mine plan in Q2 2012″.
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About Lithium Americas
Lithium Americas is developing one of the world's largest and lowest cost lithium operations.
The Company currently has rights over approximately 164,700 hectares (ha) in five salt lakes in the Jujuy and Salta Provinces of Argentina.
The Company's main property (approximately 82,500 ha) comprises a significant portion of two adjacent salt lakes, Cauchari and Olaroz, located in Jujuy, Argentina. Based on a 43-101 Technical Report filed on December 6, 2010, the Company's main property hosts the third largest known lithium brine resource in the world. As the resource estimate was based on exploration results obtained from only approximately one-third of the main property, with all drill holes still open at depth, there is the potential to significantly increase the size of the resource estimate in the future.
About Midas Letter Money
Midas Letter Money is the show about commodities, economics, investing and natural resources hosted by James West, publisher of Midas Letter at http://www.midasletter.com . As a Reuters Insider Channel Partner, Midas Letter Money is distributed to 450,000 subscribers on the Thomson Retuers platform.
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