Mining Intelligence and News
Chile

Maricunga (Blanco) Project

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Categories

Overview

Mine TypeIn-Situ
StagePermitting
Commodities
  • Lithium
  • Potassium
Mining Method
  • Solution mining
Mine Life... Lock
SnapshotMaricunga (Blanco) project has completed all major studies, regulatory approvals are secured, and indigenous consultations are underway.

Codelco will commence the process of seeking a strategic partner to develop the integrated project in Maricunga, aiming to establish the joint venture during the first semester of 2025.

Owners

SourceSource
CompanyInterestOwnership
Codelco Corp. 100 % Indirect
Lithium Power International Limited (LPI) advised that the scheme of arrangement pursuant to which a wholly-owned subsidiary of Corporación Nacional del Cobre de Chile, Salar de Maricunga SpA, will acquire 100% of the share capital of LPI has been implemented on 14 March 2024.

Deposit type

  • Brine

Summary:

Salar de Maricunga is a mixed style salar. An upper halite unit occurs (up to 34 m in thickness) in the central northern part of the Salar and hosts the upper brine aquifer. The halite unit is underlain by low permeability lacustrine sediments. The Salar is surrounded by relative coarse grained alluvial and fluvial sediments. These fans demark the perimeter of the actual salar and at depth grade towards the centre of the Salar where they form the distal facies with an increase in sand and silt. At depth two unconsolidated volcanoclastic units have been identified that appear quite similar. These two volcanoclastic units are separated by a relatively thin and continuous sand unit which may be reworked material of the lower volcanoclastic unit. A volcanic breccia was identified on the northern and western parts of the OCC that locally interfingers with the lower volcanoclastic unit. A lower brine aquifer is hosted in the lower alluvial, volcanoclastic, and volcanic breccia units (below the lacustrine sediments).

Mineralization
The brines from Maricunga are solutions nearly saturated in sodium chloride with an average concentration of total dissolved solids (TDS) of 311 g/L. The average density is 1.20 g/cm3. Other components present in the Maricunga brine are: K, Li, Mg, Ca, SO4, HCO3 and B. Elevated values of strontium (mean of 359 mg/L) also have been detected.

Brine quality is evaluated through the relationship of the elements of commercial interest, such as lithium and potassium, with those components that in some respect constitute impurities, such as Mg, Ca and SO4.

The brines from Maricunga have an Mg/Li ratio (6.5) very similar to the Atacama brine (6.4). However, Maricunga has a low sulphate content, which is illustrated by the very low molar ratio (SO4+2B)/(Mg+Ca) that is also influenced by a relatively high calcium content.

This is an advantage as it will reduce lithium losses as lithium sulphate salts in the ponds for the conventional solar evaporation process.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnitsAvg. AnnualLOM
Lithium t 15,200304,000
All production numbers are expressed as carbonate.

Operational metrics

Metrics
Annual production capacity  ....  Subscribe
Daily brine extraction  ....  Subscribe
Brine extraction, LOM  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnitsAverage
Cash costs Li2CO3 USD  ....  Subscribe
Assumed price Li2CO3 USD  ....  Subscribe
* According to 2022 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
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Income Taxes $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Operating margin (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
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After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

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Aerial view:

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