Li3 Energy, Inc. (LIEG) Signs LOI to Acquire Important Chilean Land Package
Li3 Energy, a South American based lithium-focused exploration and development company, announced that it has signed an LOI (letter-of-intent) to acquire 100% mining interests in one of the largest possible land packages available near the Maricunga Salar in northern Chile, South America. The LOI covers four projects: SLM Bongo, SLM Clarita, SLM Lithium, and SLM Corral, collectively comprising 74 mining concessions and covering a total of 9,257 hectares, or just under 36 square miles. The SLM Clarita, SLM Bongo and SLM Lithium projects, totaling 1,507 hectares and 43 concessions, are classified as exploration concessions. The SLM Corral, totaling 7,750 hectares…