A.I.S. Resources Announces Processing of Lithium Carbonate Samples at Pilot Plant
Vancouver, British Columbia – June 28, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has delivered brines from Guayatayoc Salar that have been concentrated by solar evaporation, and is processing these brines at the pilot plant in Salta, Argentina. Lithium carbonate samples will be delivered to downstream lithium manufacturers in China, Japan, Korea and Taiwan. One of these manufacturers completed a tour of the salar and pilot plant on 9 June 2017.
Completion of the mass balance chemistry will enable the first phase of production modelling to be completed. The second phase will be completed when production tests are finalized.
The Company is also pleased to announce that it has signed a land access agreement with the Quebraleña community. This is a key part of the process to obtain our drilling permits. We have had two meetings with the Director of Mines in Jujuy to get an update on the approval of our environmental impact statement and drilling and seismic application.
Phil Thomas COO stated, “We are very pleased with progress to date. The brines evaporated satisfactorily at the average rate of 4.5 kilograms of brine per square metre, per 24 hours. The production of samples will assist us greatly with the feasibility studies to determine how much of the raw materials we need. When the drilling permit is issued the seismic and drilling will be the last part of our exploration investigations before we start modelling the processes in the plant. The samples will assist us in our negotiations for off-take contracts of lithium carbonate.”
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s most recent activities have been the exploration of lithium properties in Northern Argentina.
On Behalf of the Board of Directors,
AIS Resources Ltd.
Marc Enright-Morin, President and CEO
A.I.S. Resources Limited
President and CEO
ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.