Australian technology to be used for Argentinian brine assessment
Australia-based Fleet Space Technologies has scored a contract with Rio Tinto to use its satellite exploration methods to map Argentina's salt flats in a bid to unlock the upside at the undeveloped Rincon lithium brine project.Rio, which paid around A$825 million for Rincon in late 2021, and more recently lobbed a circa $10 billion cash bid for ASX-listed Arcadium Lithium, views Rincon as a large, low-cost centrepiece to its emerging battery metals portfolio.
The project lies near the southern margin of the Thomson Orogen nearby the interpreted contact with the Lachlan Fold Belt and the Delamerian Orogen. It's in an area obscured by up to 280m of Eromanga Basin cover.Using ExoSphere could allow Legacy to understand the belt-scale architecture and refine existing "bullseye" magnetic and gravity anomalies.
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