Projects
NI 43-101
Sal de la Puna
Pastos Grandes
Lithium Brine
- 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
Astra Exploration
- 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.