Advanced Lidium reported a six-fold increase in resources in Cauchari.

The Vancouver(miningwekly.com)-tsX-lested exploration's lithium equity advantage rose by more than seven tenths, after the company reported a six-fold increase in resources Wednesday after the cauchari joint venture(JV) in Argentina.

The Vancouver company reports that the Northwest and Southeast regions of cauchari contain 3 million tons of extrapolated resources. The resource includes about 1.2 billion cubic metres of brine with an average grade of 450 mg/L of lithium and 4028 mg/L of potassium.

The level is 18 inches higher than the previous estimate of 470000 tons of 380 mg/l lithium.

The Olaroz-Cauchari joint venture owned by LithiumAmerica also has the taste of Gaochu.

The technical report prepared by Flo Solutions pointed out that the updated resource coverage is larger, the depth of the Northwest and Southeast regions is greater, and it is indeed at a depth that the company believes may have additional resource expansion and higher levels, especially in the SE industry.

"In just over a year, we have provided more than 600 tons of growth in lithium resources in the Cauchari project. This achievement reflects both the world-class nature of our project and our expertise and focus. The Argentine project development team is confident that our ongoing third phase plan will continue to provide strong results and further expand resources, "David Sidoo, founder and chief executive officer of Advanced, said in a statement.

In parallel with the third phase plan, Advantage will complete a preliminary economic assessment in the second quarter and then immediately conduct a final feasibility study to study the potential 20,000 tonnes/year lithium carbonate business.

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