The Company has majority control over the Cauchari prospect, which hosts an inferred resource and includes a large exploration target in Argentina. Advantage Lithium has also drilled lithium brines on all six of its drill holes in Nevada near the Albemarle Silver Peak Mine and five of the six holes encountered significant grades of lithium.
Advantage Lithium owns 75% of a prospect called Cauchari. It is Advantage Lithium's most valuable asset. Cauchari is 28,500 ha in size and located 10 km south of Orocobre's Olaroz LCE production plant in Jujuy Province. A multi hole drill exploration program is underway with the objective of significantly increasing the current inferred resource estimate of 230 million cubic meters of brine at 380 mg/l lithium and 3,700 mg/l potassium representing in situ contained content of 470,000 tonnes of lithium carbonate equivalent (LCE) and 1.62 million tonnes of potash (KCl).
Antofalla (Salta and Catamarca Provinces) consists of 13,654 ha of properties located in the Antofalla Salar. Advantage Lithium's staked out a claim by recent staking at the Antofallita XX property, near to lithium major Albemarle and located on a postulated geological fracture system featuring hot springs.
Guayatayoc in Jujuy Province is a 21,276 ha property with initial surface sampling returning results of up to 200 ppm lithium, 7000 ppm potassium and exhibiting low magnesium/lithium ratios.