Clontarf Energy, the oil and gas exploration company, is pleased to announce that it has submitted a proposal to explore one the world's largest Lithium-bearing salt-lakes in Bolivia. Lithium from salt pans is in demand for high performance batteries.
David Horgan, Director, commented:
“We have re-established our presence in Bolivia, and have initiated discussions with the Bolivian National Lithium Company (YLB) on a possible joint venture to study and, if indicated, explore the second largest lithium brine deposit in the world. Between 2008 and 2010 Clontarf examined salt pan lithium deposits in Bolivia but we were unable to proceed at that time. Lithium from salt pans is in demand for high performance batteries.”
There is no guarantee that this work will lead to a binding contract.