- PepinNini’s (PNN) subsidiary pens a deal with Litio Minera SA for a pipeline to carry lithium brine from Ganfeng’s Mariana Project in Salta Province
- The pipeline will run from Ganfeng’s Mariana Project to the north east, being a more environmentally-friendly option than road for brine transport
- The agreement will see both PepinNini and Ganfeng jointly carry out an induced polarisation (IP) geophysical survey across 11 kilometres of the pipeline trace proposed within the Santa Ines Project, funded jointly by both companies
- PepinNini last traded at 40.5 cents on September 23
PepinNini’s (PNN) subsidiary has penned a deal in Argentina for a pipeline to carry lithium brine from Ganfeng’s Mariana Project in Salta Province.
PepinNini SA signed the agreement with Litio Minera SA, a subsidiary of Ganfeng Lithium, with the pipeline proposed to run from Ganfeng’s Mariana Project to the northeast, passing through the Santa Ines Project en route.
The pipeline is said to be a more environmentally-friendly option than road for brine transport.
The agreement will see both PepinNini and Ganfeng jointly carry out an induced polarisation (IP) geophysical survey across 11 kilometres of the pipeline trace proposed within the Santa Ines Project.
Both companies will fund the survey cost, which will take place across twelve days, starting in October.
PepinNini said the survey will be used as an exploration tool for copper-gold mineralisation targets for drill testing. However, Ganfeng said the survey will offer reassurance that the pipeline trace will not require relocation in the event of a mineral discovery.
PepinNini said its next steps will involve a two-borehole drilling program at two priority copper-gold targets on the Santa Ines Project.
PepinNini last traded at 40.5 cents on September 23.