Southern Hemisphere Mining (ASX:SUH) has applied for mining concessions regarding the Lago Lithium Exploration Project, located in the ‘lithium-rich’ Atacama region of Chile.
The project covers an area of about 27km-square and is located near 2 of the ‘largest’ lithium operators, Sociedad Química y Minera de Chile (NYSE:SQM) and Albemarle (NYSE:ALB).
Southern Hemisphere’s concessions were applied for following a comprehensive evaluation process, targeting exploration for lithium brines that are potentially suitable for Direct Lithium Extraction (DLE) technology.
The company is targeting prospects that are amenable to DLE. This technology uses innovative methods to extract lithium from brine sources without the need for extensive evaporation ponds or traditional mining processes.
The concessions are located in an adjacent sedimentary basin to the Salar de Atacama with ‘excellent’ road access.
Southern Hemisphere Mining is a copper-gold-lithium explorer in Chile, with a substantial copper resource. The company’s portfolio of assets include the Llahuin Copper-Gold-Molu, Lago Lithium Exploration, and Los Pumas Battery Metal Manganese projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Southern Hemisphere Mining Ltd
