SANTIAGO, April 7 (Reuters) - Chile's total lithium
resources are 28% greater than previously estimated, according
to new studies of salt flats in the northern Antofagasta region
that show a higher amount of the battery metal, state mining
body ENAMI said on Monday.
A new analysis shows that the La Isla salt flat holds 2.13
million metric tons of lithium, up 150% from a prior estimate,
while the Aguilar salt flat holds just under 1 million tons of
lithium, an increase of 40%, according to ENAMI.
Together, ENAMI said, they add 3.05 million tons of lithium
to Chile's total resources, which the U.S. Geological Survey had
previously estimated at 11 million tons.
Resources refer to the size of a mineral deposit, while
reserves refer to the amount that can be realistically and
economically mined.
According to USGS, Chile is the world's third-largest holder
of lithium resources, after Bolivia and Argentina, but is the
No. 1 holder of lithium reserves, with 9.3 million tons.
Chile is also the second-largest lithium producer globally,
with its Atacama salt flat providing output for state-run miner
SQM and U.S.-based Albemarle.
In May, ENAMI is set to choose a partner to jointly mine the
two salt flats studied as part of the Salares Altoandinos
project, which marks one of the state's first ventures into
lithium production.
ENAMI has received proposals from Chinese carmaker BYD
as well as miners Eramet, Posco
and Rio Tinto. CNGR Advanced Material Co
and LG Energy are vying to provide
financing.
The fresh data on resources is based on analysis from
external consultants that use ENAMI's exploration numbers.
"This confirms that Salares Altoandinos is a world-class
project," said ENAMI head Ivan Mlynarz.