Lithium Exploration in Chile
BMG Resources is an ASX-listed (BMG) minerals exploration company targeting lithium brine in Chile. Through a recently signed JV agreement with Chilean Lithium explorer Lithium Chile SpA, BMG is seeking to undertake exploration and development of three lithium brine projects located in the world's best lithium district, Atacama.
This move into lithium is part of BMG's wider strategy to focus on battery minerals, in particular lithium and cobalt which are proving crucial in the EV revolution.
In addition, BMG has a strategic free-carried interest in the Treasure copper-gold project in Crypus.
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.