ASSET SUMMARY

Operator Ion Energy Ltd.
Location Mongolia
Stage Early Exploration
Commodity Li (Brine)
Terms 1.5% Gross Revenue Royalty

 

ASSET DESCRIPTION

  • The Baavhai Uul project represents one of Mongolia’s largest exploration licenses (over 80,000 hectares) and one of the most prospective targets for lithium brine (average grade results of 426 ppm Li with maximum grade results of 811 ppm Li)
  • The project is located 30 km by paved road to the Chinese border, where five Gigafactories are either planned or under construction
  • Favourable geochemistry (low potassium and magnesium ratios for large crystal formation) and production characteristics (high evaporation and low precipitation endorheic basin)