:: POSCO Lithium Extraction Demonstration Plant Working Well in Argentina

Lithium Americas Corp (LAC) has announced that POSCO’s innovative high efficiency lithium extraction demonstration plant operating at LAC’s Cauchari salar in Jujuy Province, Argentina, has produced in excess of 6 t of lithium compound since the formal inauguration of the Demo Plant on December 22, 2014. These initial 6 t of lithium compound will now be sent by POSCO to Korea for final processing and packaging, and then delivered for testing to end users and potential customers. POSCO has advised that initial test results indicate that the Demo Plant is achieving or exceeding all initial performance targets as it has operated on a continuous 24 hour production cycle.

The POSCO extraction process is also capable of producing potash. The potash demonstration plant, located in Jujuy city, is in the final stage of construction and is expected to be in operation in the next few weeks. Both the lithium and potash plants will operate for several weeks, following which LAC expects to commence commercial stage negotiations with POSCO in the spring of 2015.