Nevada Lithium Brine Project
Reynolds Springs Lithium Project
Soil sample results of up to 405 ppm Li
Macarthur Minerals, through its wholly owned US subsidiary, Macarthur Lithium Nevada Limited, staked 210 new unpatented placer mining claims at its new Reynolds Springs Lithium Brine Project (“Reynolds Springs Project”) in the Railroad Valley, Nevada.
The claims are located near the town of Currant, in Nye County, Nevada. The Reynolds Springs Project is located approximately 180 miles (300 km) North of Las Vegas, Nevada, and 330 miles (531 km) South East of Tesla’s new Gigafactory, which has a planned production capacity of 35 gigawatt-hours per year by 2020.
A total of 206 soil samples were collected across the full extent of the Reynolds Springs Project. Lithium values in the soil samples ranged from a low of 39.3 ppm to a high of 405 ppm Li. Samples were consistently high averaging 168.3 ppm Li with 85% of samples recording over 100 ppm Li and 19% greater than 200 ppm Li.
These results are considered high in comparison to the majority of non-lithium producing playas and amongst the highest we have seen outside of the Clayton Valley.