Mining & Metals - Perth, Western Australia, Australia
BMG Resources Limited is an ASX-listed minerals exploration company (ASX: BMG). BMG has entered into a binding and exclusive agreement with Chilean lithium explorer Lithium Chile Spa to develop world-class lithium brine projects. Three initial project areas in Northern Chile within the "Lithium Triangle" located in the world's highest grade lithium district - including Salar de Atacama, the world's largest and purest active source of lithium. High lithium concentrations recharge and high evaporation rates give Chilean salars a world leading production advantage and low cost advantage. Lithium outlook remains very positive with strong demand growth forecasts driven by battery requirements for electric vehicles and smartphone and tablet industries.BMG's recent focus on strategic investment opportunities with battery minerals - Lithium, Cobalt - prioritised as preferred investment pathway.
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