The project consists of around 3,672ha covering 64 claims
American Salars signed a mineral claims purchase agreement to acquire the Lac Simard South project in Quebec , Canada.The project consists of around 3,672ha covering 64 claim blocks and is close to several of Sayona Mining's lithium projects, which together have an indicated resource of 111Mt grading 1.14% lithium, the largest resource in the Canadian province. American Salars said it plans for a comprehensive work program to identify and test areas of immediate interest.
"This lithium hub is more readily accessible, providing relatively lower cost exploration, than James Bay, and the area is home to a fully operating lithium concentrator and planned lithium carbonate/hydroxide conversion plant thereby reducing the need for redundant processing downstream solutions and capital expenditure in the event of an economic discovery," the company said.
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