A.I.S. Declines to Exercise an Option on the Yareta XIII Salar in Argentina
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A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Declines to Exercise an Option on the Yareta
XIII Salar in Argentina
August 1, 2023
Vancouver, British Columbia – A.I.S. Resources Limited (TSX-V: AIS, OTCPINK: AISSF, FRA:
5YHA) (the “Company” or “AIS”) confirms the Company will not proceed with the option
to acquire a 100% interest in the 1,525 hectare Yareta XIII lithium concessions in Salta,
Argentina.
Andrew Neale, President & CEO of AIS commented, “AIS acquired this option in June 2021
as part of a larger package of lithium properties arranged by the company’s previous CEO.
While the concession area is quite large, less than half lies over the southern extent of the
Cauchari Salar in Jujuy Province, the remaining concession area is over the exposed faces
of the surrounding hills. A review of historical drilling data on the concession indicated the
presence of fresh water only, with no significant lithium levels. The cost to exercise this
option was slightly over US$1.5 million, and AIS sees no economic incentive to continue
with this property. Despite providing a comprehensive technical information package to
numerous companies with expertise in lithium exploration, AIS has not received any third
party offers to exercise this option.”
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture
Exchange focused on natural resource opportunities. AIS’s value add strategy is to acquire
early-stage projects and provide technical and financial support to enhance their value. The
Company is managed by a team of experienced engineers, geologists, and investment
bankers, with a track-record of successful capital market achievements.
On Behalf of the Board of Directors, AIS Resources Ltd.
Andrew Neale
President & CEO
Email: [email protected]
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A.I.S. Resources Limited
Website: www.aisresources.com
ADVISORY: This press release contains forward-looking statements. Although the Company
believes that the expectations reflected in these forward-looking statements are reasonable,
undue reliance should not be placed on them because the Company can give no assurance that
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