Since 2009 Rincon Ltd has defined its Resource to NI43-101 standards and since 2013 developed a unique patented low cost extraction process which allows lithium to be extracted from raw brine in under 24 hours.
Rincon Ltd has built and commissioned a demonstration plant at the Salar del Rincon which has successfully demonstrated the economic validity and scalability of the extraction process; producing lithium carbonate daily.
Rincon Ltd plans to commence construction of its commercial extraction plant in 2019 and expect to commence production of battery grade lithium carbonate in Q1 2021.