Tibetan Mining and Super Resources cooperate on Laguna Verde Salt Lake Lithium Project in Argentina

SMM, Feb. 9: after today's trading, Zangge Mining announced that the company signed an exclusive strategic cooperation agreement with Super Resources Co., Ltd. to carry out investment cooperation and establish an exclusive strategic partnership for the Laguna Verde Salt Lake Lithium Project in Argentina, which is 100% owned by Super Resources.

According to the announcement, Super Resources is a Canadian mining company mainly engaged in the exploration and development of lithium resources, which owns 100% of the Laguna Verde salt lake lithium mining rights in the Argentine province of Catamarca. Argentina is located in the salt lake area of the world-famous lithium triangle, which is rich in lithium resources. The company's Laguna Verde Salt Lake Mining area is located in the core area of the Lithium Triangle. The results of two rounds of surface sampling show that the grade of lithium ion is as high as 1270ppm.

It is reported that the exploration work for the Laguna Verde Salt Lake Lithium Project in Argentina has begun and is expected to be completed in May 2022 and an independent technical report on NI43-101will be submitted before the end of June.

In addition, the announcement of Zangge Mining also mentioned that the signing of this agreement will not have a significant impact on the company's operating results in that year, nor will it affect the company's operational independence, and there is no possibility of relying on each other for the performance of the agreement.