BMG recently evaluated various lithium brine opportunities in Chile via an earn-in JV with a local Chilean company. BMG undertook a work program including geophysics, drilling and sampling at the key properties, but did not identify any significant indications of lithium brine. The company chose to end the JV in May 2020 in accordance with the JV terms following the first anniversary, but prior to earning an interest in the venture.

The JV lithium portfolio consisted of:

- Salar West

- Pajonales

- Natalie