The Company’s Lithium and Brines project is focused on our State Leases (7,050acres) and Federal Placer Claims (2,500 acres).
The Paradox Basin brines are multi-commodity containing potentially economic concentrations of Lithium (Li), Bromine (Br), Potassium (K) and Boron (B). Comprehensive brine analyses from seven nearby historic oil and gas wells contained from 66ppm to 500ppm Li, from 18,800 to 41,958 ppm K, and from 1,150 to 6,100ppm Br.
Ni-43-101 Technical Report by Agapito Associates Inc. October 2012. Readers are cautioned that Exploration Targets are conceptual in nature and there has been insufficient exploration to define them as Mineral Resources, and, while reasonable potential may exist, it is uncertain whether further exploration will result in the determination of a Mineral Resource as defined by NI 43-101. The Exploration Targets were not reported as part of any Mineral Resource or Mineral Reserve