Titan Lithium
PROJECT OVERVIEW
The Titan 1 project is centered over a sparsely vegetated, expansive flat lying ‘playa’ covering over sixty square miles (155 square kilometers). Geologic reports indicated that the playa basin is filled with a sequence of sediments and volcanics covered by a thin alluvium layer.
Titan 1 is morphologically and depositionally comparable to the mudstone/claystone projects of the southwest U.S., being very similar to the company’s WEL project claim area, the TLC project and the Thacker Pass projects of Nevada.
To date, we have conducted sampling from north to south a distance of 13 miles and from east to west just over 4 miles. Sample results show high grade Lithium values over extensive distances and the boundaries of the massive Lithium anomaly have not yet been defined.
Titan 2 is a huge dry flat, Endorheic Basin, meaning it has no outflow. Over time this basin has likely been the repository for a vast area of volcanic ash collection stemming from the volcanic activity to the north.
The Titan 2 target area measures approximately 12 square miles (over 30 sq kms) in size and initial sampling on the prospect has returned high value Lithium within the surface sampling of up to 9,000 ppm (1.93% Li2O).
A second round of sampling of the Titan 2 prospect was performed by collecting samples over a large grid measuring approximately 2.5 by 2 miles and we are awaiting the results.
PL-12338
PROJECT HIGHLIGHTS
Base Case
- At Titan 1 the Lithium-in-soil values range from 100 ppm to over 22,000 ppm
- The size of the Lithium anomaly now measures over 25 square miles (>65 sq Kms)
- The average grade of the total anomalous region is 4,376 ppm Li
- Within the central line, the first line run on the project, the positive Li values averaged 0.55% Li2O (2,569ppm Li) over 7.4 miles (12 km)
- A parallel line, 1.8 miles east of the central line was run and returned positive values of 1.14% Li2O (5,300ppm Li) over 3.7 miles (6 km)
- Values for sodium, potassium, magnesium broadly mirror and confirm the distribution of the anomalous lithium values. Potassium oxide (K2O) values ranged as high as 3.6% in the results
- An east-west fault with low Li values bisects the project into a North and South block
- Additional samples are pending that may extended the massive Titan 1 Lithium anomaly even further
- For the Titan 2 prospect, just one 0.8 miles (1.3km) long line of soil samples was originally collected
- At Titan 2 the Lithium-in-soil values range from 200 ppm to over 10,000 ppm
- Results from the anomalous section of the Titan 2 grid survey averaged 4,486ppm Li and covered an area of 2,090 acres, nearly twice the acreage of the Thacker Pass open pit which contains reserves at 3,160 ppm Li
ADVANTAGES
Location Advantages
Free of Water Concerns
The resource is entirely located above the water table, eliminating concerns about groundwater, run-off, or impacts on watersheds. Water rights are also secured.
Protection of Key Species
The strategic location ensures that no endangered species will be impacted by the operation.
Minimal Deleterious Elements
Levels of harmful substances such as mercury, arsenic, and uranium are low.
Minimal Waste
Contaminants in waste materials are kept to a minimum.
Proximity to Railway
Efficient transport via railway
Processing Advantages
Effective Lithium Extraction
Leaves water as a waste product.
Desirable Claystone Characteristics
Lithium mineralization is hosted in shallow claystones.
LOCATION
Titan 1 is particularly exceptional as it is within an area that has had no previous exploration and both sample lines ended at their northern limit within some of the highest grades of up 2.79% Li2O.
