BMG has recently completed a transformational deal to secure three projects located in the Atacama district of Chile, host to the world's highest grade, lowest cost lithium operations. The Salar de Atacama is the world's largest and purest active source of lithium, containing approximately 27% of the world's lithium reserves.
Through the JV with Chilean Lithium explorer Lithium Chile SpA, BMG has access to over 20,000 hectares across the three projects. The Company has the opportunity to further strengthen its Chilean exposure through its strong relationships with JV partner Lithium Chile, providing the potential opportunity toadd to its portfolio.
Chile is a stable jurisdiction with a well established mining regime. The outlook for lithium remains extremely attractive, with both ASX and TSX listed lithium players delivering strong value over the past few years, a trend which BMG hopes to replicate.
BMG's lithium portfolio consists of: