Lithium Power International Ltd

Lithium Power International Ltd (ASX:LPI) (OTCMKTS:LTHHF) is pleased to provide an update of the developments of the Maricunga Lithium Brine Joint Venture Project in Chile. The Company also announces a successful institutional placement of approximately 31.58 million fully paid ordinary shares at an issue price of $0.38 to raise approximately $12 million.

Lithium Power International Limited (ASX:LPI) is pleased to advise completion of the pumping test at well P4 at the Maricunga lithium brine project in northern Chile. LPI is very encouraged by the high average brine flow rate, and lithium and potassium grades, which compare very favourably to other lithium brine projects currently in production and in development within South America.

Lithium Power International Ltd (ASX:LPI) are pleased to announce latest deep drilling confirms new high grade lithium brine discovery to 354m at the Maricunga Lithium Brine Project.

Lithium Power International (ASX:LPI) is an ASX listed company who is currently developing the Maricunga lithium brine project in Chile. Maricunga is one of the highest grade lithium brine projects globally (1,250mg/l), and is surrounded by significant existing infrastructure (roads, power & work force).