With one of the largest exploration licences in Mongolia, ION Energy is poised to become a significant player in Asia’s booming Lithium market.
ABOUT THIS PROJECT
80,000+hectares, highly prospective for Lithium brine.
Average grade 426ppm Lithium. Max grade 811ppm Lithium.
Low Potassium and Magnesium ratios.
High evaporation and low precipitation endorheic basin, no outflow to external bodies of water.
All holes drilled contain significant levels of Lithium
Large Land Package
Favourable For Production
Low potassium and magnesium ratios: favourable for large crystal formation at licence altitude and temperature.
Aquifers about 20m below surface: Cretaceous volcanic and sedimentary rocks are the most suitable aquifer for the enrichment of lithium (light green areas).
Brine vs hard rock sources = lower production costs.
Gobi Desert: arid environment with high evaporation rates
EXPANDED EXPLORATION UPDATE: ANNOUNCED MAY 2021
Initial geophysics successfully completed with early encouraging results.
Expanded exploration program to commence: the first drilling for lithium salars ever in Mongolia.
Will include the drilling of 21 drill holes through the highlighted prospective basins.
Sampling of sediments and aquifers will be completed during the drilling phase.
Ion Energy Ltd.
ION Energy Ltd. (ION: TSX-V, OTCQB: IONGF, FF: 5YB) is an emerging leader in the exploration and development of Mongolia’s lithium salars. ION is well poised to play a strong role as the world embarks upon the third wave of the clean energy revolution. The Company has one of the largest exploration, and first lithium brine, licences ever granted in Mongolia. The company is led by a management team with a proven track record in mining exploration and development, with strong in-country expertise.