Lithium Exploration in Chile
BMG Resources is an ASX-listed (BMG) minerals exploration company targeting lithium brine in Chile. Through its JV agreement with Chilean Lithium explorer Lithium Chile SpA, BMG is seeking to undertake exploration and development of three lithium brine projects covering 20,000 hectares, located in the world's best lithium district, the Salar de Atacama.
BMG’s portfolio of three projects, Salar West, Pajonales and Natalie are located within the “Lithium Triangle”, a region of the Andes encompassing parts of Northern Chile, southwest Bolivia and northwest Argentina, which is host to more than 50% of the world’s lithium resources and the largest and highest grade lithium brine deposits in the world. The Salar de Atacama is the world’s largest and purest active source of lithium.
BMG's JV agreement in Chile covers three main projects - Salar West, Pajonales and Natalie all located in the Salar de Atacama, the highest grade, lowest cost lithium salar in the world.