11,000 hectares in and around the Pastos Grandes basin, located in the puna region of Salta, Argentina - salar shared with Millennial Lithium and Litica (subsidiary of Pluspetrol S.A.)
Approximately $22M invested in acquiring and developing SDLP by previous operators
Historical drilling in 2018 and 2019 established significant resource potential, establishing same brine units as neighbouring FS level projects
The project is fully permitted for additional drilling and the construction of a pilot plant
Samples from a 2019 pumping test averaged 532 mg/l lithium, with a Mg/Li of 4.8
Clastic sediments thickening towards the southern portion of the basin, resource open at depth and only covering small portion of claim block
Arena 5.82 million of shares of Astra Exploration Ltd (“Astra”) as a result of the sale of its 80% interest in the Pampa Paciencia epithermal gold property, located in the Atacama region of northern Chile, to Astra.
Astra is a newly formed private mineral exploration company led by a proven management team with previous exploration success in discovering epithermal gold deposits.
Astra intends to initiate a drill program on the Property and complete a going public transaction in 2021.
At the time of closing (please refer to press release dated May 14, 2021) the share position represented 40% of the issued and outstanding shares of Astra with a deemed value of $1.6 million.
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