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Showing posts with label Salares Lithium. Show all posts
Showing posts with label Salares Lithium. Show all posts

Tuesday, October 16, 2012

Pure battery grade Lithium produced at Rodinia Lithiums Argentine Salar

RODINIA LITHIUM PRODUCES BATTERY GRADE LITHIUM CARBONATE OF OVER 99.45% PURITY
FOR IMMEDIATE RELEASE
  • BATTERY GRADE LITHIUM CARBONATE PRODUCED WITH OVER 99.45% PURITY
  • FURTHER WASHING OF PRODUCT AT INCREASED PRODUCTION RATES EXPECTED TO INCREASE PURITY TO 99.75%
  • PROCESS AND COST STRUCTURE TO PRODUCE BATTERY GRADE LITHIUM CARBONATE REMAINS LARGELY THE SAME AS THAT REPORTED IN THE COMPANY’S PRELIMINARY ECONOMIC ASSESSMENT
  • RODINIA CONTINUES TO WORK ON A REVISED RESOURCE ESTIMATE, ON THE OPERATION OF THE PILOT CYCLE, AND ON COMPLETING THE FEASIBLITY STUDY.  ALL MAJOR DRILLING AND CONSTRUCTION WORK IS COMPLETE
Toronto, Canada, October 16, 2012: Rodinia Lithium Inc. (TSX-V: RM; OTCQX: RDNAF) successfully produced lithium carbonate from the concentrated brine derived from the pilot ponds installed at its Diablillos property, located in Salta, Argentina.  This first batch of lithium carbonate achieved a purity of 99.45% Li2CO3, and can be further washed employing the same methods to 99.75% Li2CO3.  The process employed during the production of lithium carbonate is approximately the same as described in the Company’s Preliminary Economic Assessment (“PEA”) filed on SEDAR at www.sedar.com. 

William Randall, Rodinia’s President  & CEO, commented, “The production of battery grade lithium carbonate from brine concentrated on site is a major milestone for Rodinia.  This reflects on both the quality of our brine and that of our team, who has advanced this project through the initial phases with remarkable success.  This last achievement serves as further encouragement that our process design, as described in the PEA, can achieve high purity lithium carbonate production at the estimated costs.”

The brine was concentrated and treated on site at the Salar and then shipped to SGS Laboratories in Lakefield, ON.  The brine was then processed to prioritize lithium carbonate production following the flow sheet described in the PEA.  Further batches of concentrated brine derived from the pilot ponds will be available for further processing prior to completing a full cycle at pilot scale in the first quarter of 2013.  Completion of the pilot plant cycle is expected during the first quarter of 2013 and is expected to be the final component of the upcoming Feasibility Study.

William Randall added, “The next deliverable is expected to be the completion of an upgraded resource estimate that, in conjunction with the information gathered during operation of the pilot plant in Q1 2013, will form the basis of the Feasibility Study.  All drilling and major construction work has been completed on site, which means we can focus our resources on the optimization of our Feasibility Study.”

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 15,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101 and has reviewed and approved the scientific and technical information contained in this press release.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com.
further information please contact
Investor Cubed Inc.  Aaron Wolfe Vice-President, Corporate Development
Investor Relations Tel: +1 (416) 309-2696
Tel: +1 (647) 258-3311   

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated effects of the results and the impact of such results upon the PEA, the timing with respect to future results, timing with respect to the completion of the PEA; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Saturday, October 15, 2011

Talison Lithium Sales up 53% as company experiences strong demand, tightening supply for Lithium

Talison Lithium Limited

TSX : TLH




October 11, 2011 06:00 ET

Talison Lithium Announces Preliminary First Quarter 2012 Sales Volume



PERTH, WESTERN AUSTRALIA--(Marketwire - Oct. 11, 2011) - Talison Lithium Limited (TSX:TLH) ("Talison" or the "Company") today announced its preliminary sales volume and production results for the three months ended September 30, 2011 ("Q1 FY2012"). The Company also provided an update on its three growth projects encompassing its Australian capacity expansion, lithium minerals conversion plant and Salares 7 brine project.

Preliminary Results
Sales volumes remain capacity constrained
Q1 FY2012 tonnes sold increased 53% compared to Q1 FY2011, to 80,315 tonnes lithium concentrate (or approximately 12,000 tonnes lithium carbonate equivalent ("LCE")). Demand remains strong for all of Talison's technical and chemical-grade lithium concentrates. Sales volume is currently limited by the capacity of the processing plants at the Greenbushes Lithium Operations, and is expected to remain constrained until completion of the expansion of production capacity in Q4 FY2012.

The Company noted that sales are made in large shipments to customers, in varying proportions of technical-grade and chemical-grade lithium concentrates, which may result in variations between production and sales volumes in individual quarters. Q1 FY2012 production was 90,708 tonnes lithium concentrate (approximately 13,500 tonnes LCE), a 12% increase compared to Q1 FY2011. The difference between tonnes produced and tonnes sold in the quarter is due to orders in the process of being fulfilled.

Volume* Three Months Ended
Sept 30, 2011
Three Months Ended
Sept 30, 2010
Percentage Change
Production 90,708 80,729 12%
Sales 80,315 52,525 53%
* Tonnes of lithium concentrate   

Peter Oliver, Chief Executive Officer, commented, "Talison continues to experience strong demand from customers across the world. This demand, together with a recent tightening in global lithium supply is expected to enhance Talison's pricing in the 2012 calendar year."

Growth Projects
Greenbushes Stage 2 Expansion On Schedule and On Budget
The Stage 2 Expansion at the Greenbushes Lithium Operations continues to proceed on schedule and on budget. The finished product stockpile is now complete, and foundations for the new chemical-grade plant are being constructed.
The Company continues to expect commissioning of the Stage 2 Expansion during Q4 FY2012 and is receiving strong interest from new and existing customers for output from the expansion. Upon completion, the Stage 2 Expansion will double current production capacity to approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum LCE).
To view the photo "Work on the new chemical-grade plant as part of the Stage 2 Expansion at the Greenbushes Lithium Operations" asscociated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011a.jpg
To view the photo "New finished product stockpile as part of the Stage 2 Expansion at the Greenbushes Lithium Operations" associated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011b.jpg

Proposed Minerals Conversion Plant
Responding to growing global demand for an additional secure supply of lithium carbonate, particularly from electric vehicle battery manufacturers, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate ("Minerals Conversion Plant"). Plant capacity is proposed to be 20,000 tonnes per annum LCE in the first stage, and an additional 20,000 tonnes per annum LCE in the second stage.
A location study for the Minerals Conversion Plant is in progress. Potential locations have been narrowed to the Greenbushes Lithium Operations or one other Western Australian location.
The external engineering consultant is preparing estimates of capital costs and operating costs, which should be completed by the end of this calendar year. Based on initial indications of operating costs, Talison believes that it will be a globally competitive lithium carbonate producer.

Salares 7 Project – Phase 2 Exploration Program
Following the receipt of outstanding results for both lithium and potassium from the initial drilling at the Salares 7 Project in Chile, Talison is accelerating its exploration program and expects to invest approximately US$5 million on the Phase 2 program in FY2012.

A new custom built sonic drill rig with specific capabilities to suit the ground conditions at the Salares 7 Project is being assembled and the camp at the Project has recently reopened following the Chilean winter.
The Phase 2 program includes approximately 5,000 metres of drilling at Salar de la Isla, Salar de Las Parinas, Salar de Aguilar and Salar Grande, with the objective to define a lithium mineral resource estimate at Salar de la Isla.
To view the photo "Camp reopened at the Salares 7 Project, Chile" associated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011c.jpg
New Offices in Shanghai and Santiago
Talison recently opened an office in Shanghai to support its growing business in China. Talison has been operating successfully in China for over 10 years, and the new office will assist the Company in strengthening relationships with new and existing customers.
Talison is also establishing an office in Santiago to facilitate the development of the Salares 7 Project. This office will support the exploration, environmental and process test work currently being conducted by the Company in Chile.
Financial Results Release November
Talison will release its financial results for Q1 FY2012 in mid-November, 2011.
Peter Oliver, Chief Executive Officer and Managing Director of Talison will host a conference call to discuss the results.
Teleconference and replay call details will be distributed prior to the release of financial results.
About Talison
Talison is a leading global producer of lithium. Talison has been producing lithium concentrate for a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars located in Region III, Chile.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the Audited Annual Report of Talison and the related notes thereto as at June 30, 2011 and for the year ended June 30, 2011and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

Contact Information


Investor Relations:
ICR, LLC
Gary T. Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
Gary.Dvorchak@icrinc.com
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Wednesday, October 6, 2010

TALISON LITHIUM REPORTS STRONG YEAR-END PRODUCTION RESULTS


(Notes: Talison Lithium (“TSX: TLH”) is up 37% in first week of public trading.)

Talison also Announces Greenbushes Phase I Plant Expansion and Reserve Expansion Drilling Underway

NEWS RELEASE
Vancouver, British Columbia, October 5, 2010

Talison Lithium Limited (“Talison” or the “Company”) (“TSX: TLH”)
is pleased to provide the following year-end unaudited production results for its Greenbushes lithium mine (the “Greenbushes Lithium Operations”) in Western Australia.
Greenbushes Lithium Operations - Year End Production Results
The following production highlights are for the Greenbushes Lithium Operations for the financial year ended June 30, 2010:

Lithium concentrate production of 276,906 tonnes (41,000 tonnes lithium carbonate equivalent (“LCE”)), representing a 33% increase over 2009; and Lithium concentrate sales of 256,767 tonnes (38,000 tonnes LCE), representing a 19% increase over 2009.

The Greenbushes Lithium Operations finished fiscal 2010 with record lithium concentrate production. In addition, the demand for both technical and chemical grade lithium concentrate increased during 2010 as markets showed significant signs of recovery after the global financial crisis in 2009.

Greenbushes Lithium Operations - Stage 1 Expansion
The Stage 1 expansion of chemical grade lithium concentrate production capacity at the Greenbushes Lithium Operations is currently underway with completion anticipated early in calendar 2011. This expansion is designed to add 50,000 tonnes per annum of lithium concentrate production capacity (8,000 tonnes LCE) to satisfy current customer demand.

2
Reserve & Resource Expansion Drilling Program
In September 2010 Talison initiated a drill program at the Greenbushes Lithium Operations with the aim of significantly increasing its lithium reserves and resources. An updated reserve and resources statement is currently planned to be completed during the second calendar quarter of 2011.
Talison’s current proven and probable mineral reserves total 9.6Mt at a grade of 3.9% Li2O. The measured and indicated mineral resource (inclusive of the mineral reserves) totals 22.0Mt at a grade of 3.7% Li2O. Talison’s current mineral resources and mineral reserves at the Greenbushes Lithium Operations are set out in its entirety in the tables below.

Greenbushes Lithium Mineral Resources at March 31, 2010 Category Tonnage (Mt) Li2O Grade (%)
Measured Mineral Resource
0.10
3.9
Indicated Mineral Resource
21.9
3.7
Total Measured and Indicated Mineral Resource
22.0
3.7
Inferred Mineral Resource
2.7
3.5

Notes: Mineral Resources include Technical Grade ore type at a 4% Li2O block cut-off (and Fe2O3<0.1%) and Chemical Grade ore type at a 3.2% Li2O block cut-off; Mineral Resources estimated by Ordinary Kriging into 20mNx20mEx5mRL parent blocks; stockpiles included as Measured Mineral Resources; some rounding errors in totals; Lithium domains are drawn at a 2.8% Li2O grade boundary.

Greenbushes Lithium Mineral Reserves at March 31, 2010 Category Tonnage (Mt) Li2O Grade (%)
Total Proven Mineral Reserve
0.10
3.9
Total Probable Mineral Reserve
9.5
3.9
Total Proven and Probable Mineral Reserve
9.6
3.9

Notes: Proven Mineral Reserves comprise exclusively ROM stockpiles; some rounding errors in totals; Mineral Reserves at June 30, 2009 depleted by production of 431,000t to March 31, 2010; further depletion of the Mineral Reserves of 212,190t has occurred during the production period from April 1, 2010 to June 30, 2010 but the Mineral Reserves have not been updated from March 31, 2010.

About Talison
Talison is an international mining company that is listed on the Toronto Stock Exchange. Talison is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia which has been in production for in excess of 25 years. During this time the operation has continually expanded as market demand warrants and based on current reserves and production plans boasts a mine life of in excess of 12 years. Talison is the primary supplier to the Chinese Lithium chemical producers, who in turn are the major suppliers to the Chinese battery market. In addition, Talison explores for lithium in Chile at the Salares 7 lithium project made up of seven salars (brine lakes that are prospective for sub-surface lithium and potassium) and the surrounding concessions in Region III, Chile. Talison also has an extensive, well established global customer network and a leading position in the growing Chinese market.

3
For further information please contact:
Talison Lithium Limited
Todd Hilditch
Investor Relations Director
Talison Lithium Limited
Tel: 604 443 3831
Email: Todd.Hilditch@talisonlithium.com
www.talisonlithium.com
Cautionary Notes

Forward-Looking Statements

Certain information contained or incorporated by reference in this press release, including any information as to Talison’s strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, constitutes “forward-looking statements” within the meaning of Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements can often, but not always, be identified by the use of words such as “plans”, “expects”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “predicts”, “potential”, “continue” or “believes”, or variations (including negative variations) of such words; or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might”, “potential to”, or “will” be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts.

The purpose of forward-looking statements is to provide the reader with information about management’s expectations and plans for 2011 and subsequent years. Actual results may vary.

Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to, lithium market and lithium concentrate prices; sales risks related to China; currency risks; dependence on limited mining properties; uncertainty in the estimation of mineral reserves and mineral resources; uncertainty relating to inferred mineral resources; production and operating risk; uncertainty relating to production estimates; total cash cost of lithium concentrate production; environmental risks and hazards; licenses and permits; uncertainty relating to remediation costs; proposed Australian mineral resource rent tax; government regulation; lithium exploration and exploitation in Chile; uncertainty relating to land over-staking; availability of water rights; human resources availability and retention; native title; aboriginal heritage; no assurance of titles or boundaries; exploration and mining tenements forfeiture; exploration risk; counterparty risk; concentrated customer base; risks to the Greenbushes Lithium Operations as a result of Talison’s recent reorganization; insurance and uninsured risks; impairment of asset carrying values; general economic condition, business environment and other risks; financing requirements; control risk; dividend policy; director and officer conflicts of interests; difficulty enforcing judgements and effective service of process; volatile market for ordinary shares; and future sales of ordinary shares by Talison’s founding shareholders. These risks and uncertainties are fully described in detail in Appendix “D”, Information Concerning Talison Lithium Limited, to the Management Information Circular of Salares Lithium Inc. (“Salares”) dated August 20, 2010, which can be found on Salares’ SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Readers are cautioned that forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries, including costs, production and returns, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These factors are fully discussed in Appendix “D”, Information Concerning Talison Lithium Limited, to the Management Information Circular of Salares dated August 20, 2010, which can be found on Salares’ SEDAR profile at www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.

Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking information contained herein are made as of the date of this document based on the opinions and estimates of management on the date statements containing such forward looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information.

Technical Information
Certain technical information in this press release has been summarized or extracted from the technical report in respect of the Greenbushes Lithium Operations titled “Greenbushes Lithium Operations in Western Australia – Australia” dated July 26, 2010 (the “Technical Report”) prepared by Peter D. Ingham, Adrian J. Brett, and Ian R. White of Behre Dolbear Australia Pty Limited, and Scott Jackson of Quantitative Group Pty Limited, each of whom is an independent “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Scientific and technical information contained in this press release has been prepared under the supervision of Andrew Purvis, BSc (Hons), MSc, MAusIMM, Group Geologist of Talison whom is a “Qualified Person” as defined in National Instrument 43-101. Readers are cautioned not to rely solely on the summary of information contained in this release, but should read the Technical Report which is posted on Talison’s website at www.talisonlithium.com and filed under Talison’s SEDAR profile at www.sedar.com and any future amendments to such report. Readers are also directed to the cautionary notices and disclaimers contained therein

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Wednesday, September 22, 2010

Court approves Talison-Salares Lithium Merger

Former logo of the TSX.Image via WikipediaPress Release from Salares Lithium.
VANCOUVER, BRITISH COLUMBIA--- Salares Lithium Inc. (TSX-V:LIT - News) ("Salares" or the "Company") is pleased to announce that the Company received today final approval from the Supreme Court of British Columbia regarding the previously announced plan of arrangement (the "Arrangement") to merge with Talison Lithium Limited ("Talison").

The Arrangement is subject to certain conditions, including the final approval of the TSX Venture Exchange ("TSXV"). Completion of the Arrangement and final approval from the TSXV is expected to occur on Wednesday, September 22, 2010.

The TSX has conditionally approved the listing of the Talison ordinary shares under the symbol "TLH", with trading expected to commence on the TSX at the market open on September 23, 2010.

Further details regarding the terms of the Arrangement are set out in the management information circular of Salares (the "Circular") issued in connection with its meeting held on September 16, 2010 at which securityholders approved the Arrangement. The Circular is available at www.sedar.com. A presentation of the transaction highlights can be accessed at the Salares and Talison websites.

About Salares Lithium Inc.
Salares Lithium Inc. is a lithium explorer in Chile that controls the 'Salares 7' lithium project made up of seven salars (brine lakes that are prospective for sub-surface lithium and potassium) and the surrounding concessions in Region III, Chile. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Salares and its Chilean partner.

About Talison Lithium Limited
Talison Lithium Limited is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.

Forward-Looking Statements
This release contains "forward-looking statements" which reflect the current expectations of the companies. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the companies believes to be reasonable assumptions, the companies can not assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the company does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Contacts:
Salares Lithium Inc. - Investors
Todd Hilditch
President and CEO
(604) 443-3831
www.salareslithium.com
Talison Lithium Limited - Investors
Peter Oliver
CEO
+61 8 9263 5555
www.talisonlithium.com
FD - Media
Kim O'Halloran
Vice President, Corporate Communications
(312) 553-6733
kim.ohalloran@fd.com
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