LI3 ENERGY INC. DL-01

Strategic Partnership to explore broad range of potential interactions including construction of a plant for lithium extraction and an off-take agreement

http://www.prnewswire.com/news-releases/...-to-lithium-121483584.html

Li3 forms strategic partnership with South Korea's POSCO for Maricunga development

http://www.proactiveinvestors.com.au/companies/...elopment-16122.html

siderúrgicas do mundo para ampliar seu acesso ao lítio

http://www.prnewswire.com.br/news/110500000167.htm

Li3 Energy firma un Memorando de Entendimiento con uno de los mayores fabricantes de acero

http://sdpnoticias.com/nota/66303/...los_mayores_fabricantes_de_acero

http://evworld.com/news.cfm?newsid=25747

http://www.finanznachrichten.de/...dates-on-maricunga-closing-008.htm

Li3 Energy, Inc. atualiza sobre o fechamento da compra do Maricunga

http://www.prnewswire.com.br/news/110500000268.htm

http://www.proactiveinvestors.com.au/companies/...ar-close-16277.html

http://www.yourindustrynews.com/...es+on+maricunga+closing_63382.html

http://www.hotstocked.com/article/8411/...lieg-keeps-moving-down.html

Li3 Energy Closes Strategic Maricunga Acquisition and Financing Transaction

http://www.finanznachrichten.de/...-and-financing-transaction-008.htm

la adquisición y financiación de Maricunga

http://www.prnewswire.com/news-releases/...e-maricunga-122454943.html

http://www.proactiveinvestors.com.au/companies/...uisition-16552.html

http://www.li3energy.com/

Results

LIMA, Peru, May 31, 2011 /PRNewswire/ -- Li3 Energy, Inc., (OTC Bulletin Board: LIEG) ("Li3", "Li3 Energy" or the "Company"), a US-listed and Peruvian-based global exploration company in the lithium and minerals sector is pleased to announce the independent findings of technical report NI 43-101 conducted by Hains Technology Associates. Â Mr. Don Hains is the principal of Hains Technology Associates of Toronto, Ontario, a graduate of Queen''s University, Kingston, Ontario in 1974, and a registered professional geoscientist in the Province of Ontario. Â Mr. Hains has worked as a geoscientist for 25 years and has performed various economic and geological studies related to the production of lithium and potassium from brines. In addition, he has performed evaluation studies of various brine salar deposits in Chile and Argentina (Pozuelos, Cauchari, Pocitos, Centenario, Hombre de Muerto, Diaballos, Atacama, and Rincon). Â Mr. Hains is a "qualified person" as defined by the Canadian National Instrument 43-101. Â With a controlling interest in the Maricunga property, (ranked by SignumBOX as one of the top ten lithium projects in the world) and its other prospective strategic lithium and other mineral holdings, Li3 is now firmly focused on commercializing this asset as well as on the acquisition and development of additionally highly prospective lithium brine properties throughout the Americas. The key highlights of the NI 43-101 compliant report and other relevant preliminary SLM Litio (2007) and CORFO (1982) data on Maricunga include the following:

■Maricunga  can be considered as a "Property of Merit" holding sufficient exploration potential to warrant expenditures to advance the project to the prefeasibility stage;
■The property holds significant potential for development as a source of lithium, potassium and boron;
■Exploration work indicates that the brines in the property are enriched in lithium and potassium and that the brine has a Mg/Li ratio permitting lithium recovery;
■Due diligence exploration work conducted by Li3 in 2011 confirms the exploration results obtained by SLM Litio and CORFO;
■Classified as a mixed type of salar of the Na-Cl-Ca-/SO4 system;
■Historical hydrology and hydro-geological work indicated that the aquifers feeding the salar are highly productive;
■Possible to develop a NI 43-101 compliant resource approximately equivalent to the historical estimate;
■Electrical and road infrastructure is in place to support preliminary development;
■Relatively high boron concentration in the brine should permit high extraction rates for recovery as boric acid, a valuable co-product;
■Sulphate in the brine is unusually low for a Chilean salar, reducing the need for additional reagents for sulphate removal;

The following data has been compiled from earlier sources and will be further validated upon the completion of the Preliminary NI 43 -101 Economic Assessment Report which Li3 is anticipating by the end of the 4th quarter of 2011:

■Lowest cost of production versus other Chilean salars;
■After Atacama, Maricunga has the second highest quality deposit of lithium in Chile;
■Maricunga is located in a world class Chilean mining region and is the 7th largest lithium brine resource in the world;
■Initial drilling estimated assay values of 1.1g/L lithium, 7.93 g/L potassium, 1.81 q/L boron and 6.6 g/L magnesium;

Li3 plans to leverage synergies in other potential mineral projects where potassium chloride production is planned to be used in the production of potassium nitrate. The by-product sodium sulphate from these potential projects will be returned to Maricunga to adjust the sulphate balance for calcium removal. Â Li3 plans to post the NI 43 -101 report in its entirety on its website www.li3energy.com by the end of the day.

Tom Currin, COO/CTO of Li3 Energy, stated: "The findings of the NI 43 -101 and other preliminary data support our opinion of the strength of this strategic asset." Â Luis Saenz, CEO of Li3 Energy, stated: "With the closing of our funding and acquisition of the Maricunga property now complete, we can focus all of our energy on the initial work programs necessary to complete feasibility studies and the NI 43-101 Preliminary Economic Assessment report. Â Armed with this data, Li3 looks forward to the future and unlocking the full potential of Maricunga, commercializing the asset and creating value for all of our stakeholders and strategic partners."

With the acquisition and initial exploration funding complete and the Memorandum of Understanding with POSCO (NYSE: PKX) to explore a strategic relationship, Li3 has entered the feasibility phase on Maricunga and has begun the initial $3.8 million development work program on the project. Â Li3 will continue to explore synergistic opportunities to further augment and strengthen this property and its land portfolio throughout the region. Â

http://www.finanznachrichten.de/...l-institute-43-101-results-008.htm

compliant findings from technical report on Marincunga

http://www.proactiveinvestors.com.au/companies/...rincunga-16746.html

Can Lithium Ride the Electric Vehicle Craze?

http://www.businessinsider.com/...e-the-electric-vehicle-craze-2011-6

http://www.finanznachrichten.de/...-latest-signumbox-rankings-008.htm

http://www.proactiveinvestors.com.au/companies/...x-report-17052.html

http://www.finanznachrichten.de/...le-on-xetra-13-06-2011-001-029.htm

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Li3 Signs MOU to Explore Intensified Evaporative Technology for Use in Maricunga Project

http://www.finanznachrichten.de/...r-use-in-maricunga-project-008.htm

brine processing at Maricunga

Peru-based Li3 Energy (OTCBB:LIEG) announced Wednesday an agreement with New York-based environmental technology business R3 Fusion to work on improving the methods used for lithium brine processing at the company's Maricunga project in Chile, independently ranked as one of the top ten lithium projects in the world.

The memorandum of understanding document sets out terms for R3's SPaCeR technology to shorten the current natural evaporation cycle at Maricunga from its estimated duration of roughly 18 months.

Under the agreement, R3 will attempt to show the efficacy of its technology for the concentration of lithium chloride solutions, while the two companies will also seek a commercial deal to deploy the technology exclusively for lithium brine processing within six months of a successful demonstration program.

If successful, R3 will design and construct systems appropriate for the volumes and economics associated with Li3's requirements.

"We are very excited to explore the use of the R3 Fusion SPaCeR Technology and its applications in lithium brine processing," said CEO of Li3, Luis Saenz.

"This technology possibly presents Li3 with a unique, energy efficient, green technology that not only could shorten our exploration timelines but also helps us capture and purify the water, allowing us to either use it in other areas of the salar or sell it to other commercial entities.

"We look forward to working through this evaluation stage together with R3 which could further align our companies in a mutually beneficial manner."

R3 is focused on applying its new technology to address global challenges in environmental and water issues including desalination, industrial and municipal wastewater treatment, water recovery and reuse, bio-fuel processes and fine chemical synthesis.

Li3, which looks for lithium properties in Peru, Argentina and Chile, has begun the initial $3.8 million development work program on the project, placing Maricunga into feasibility stage. A preliminary economic assessment report is anticipated by the end of the fourth quarter.

Maricunga covers an area of approximately 1,438 hectares, comprising six concessions, and is located in the northeast section of the Salar de Maricunga in Region III of Atacama.

http://www.proactiveinvestors.com.au/companies/...aricunga-17516.html

http://www.finanznachrichten.de/...ergy-provides-posco-update-008.htm

Lithium explorer Li3 Energy (OTCBB:LIEG) said Tuesday that it has agreed to extend the expiration date for negotiating a formal agreement with South Korea-based industrial company POSCO (NYSE: PKX).

The memorandum of understanding document for the strategic partnership was set to expire June 30, but has now been extended until August 31st. POSCO, with operations in energy, chemicals and materials, is one of the largest steel manufacturers in the world, with $56 billion in annual revenues.

The South Korean company invests in several resource development projects globally, especially with regards to lithium projects.

Indeed, the agreement between Li3 and POSCO was to jointly explore and evaluate the development of Li3's Maricunga lithium project in Chile, including the establishment of a commercial plant.

This is because one of the primary uses for lithium is in the production of batteries for hybrid and electic vehicles. As demand for these cars increase, so will the world's requirements for lithium, resulting in many battery and automakers in Korea and Japan partnering with lithium exploration companies to ensure a steady supply.

"After concluding a week in Korea with POSCO's senior management team, advisors and legal counsel, I am extremely pleased that both companies have expressed a desire to continue working towards a mutually beneficial transaction," said Li3 CEO, Luis Saenz.

"Our objective is to align the companies in a manner that provides Li3 with capital, while minimizing dilution and still providing POSCO with a range of possible involvements including both financial and technological exchanges.

"Li3 is very proud to be considered as a potential strategic partner in lithium and other minerals and we look forward to exploring financial, technical and commercial opportunities with a global strategic partner of this magnitude".

Li3 has a controlling interest in the Maricunga property, which has been independently ranked as one of the top eleven lithium projects in the world, with the potential to become the largest lithium-based salar in brine-bearing deposits.

A report by SignumBOX concluded securing a multi-national strategic off-take partner was one of the missing elements that could elevate the project even further, said the company.

Li3, which looks for lithium properties in Peru, Argentina and Chile, has begun the initial $3.8 million development work program on the project, placing Maricunga into feasibility stage. A preliminary economic assessment report is anticipated by the end of the fourth quarter.

Maricunga covers an area of approximately 1,438 hectares, comprising six concessions, and is located in the northeast section of the Salar de Maricunga in Region III of Atacama.

http://www.proactiveinvestors.com.au/companies/...as-posco-17654.html

http://steelguru.com/metals_news/...provides_POSCO_update/213291.html