AIS Resources Initiates Exploration Program with Tech One Lithium Resources Corp. at Incahuasi Lithium Salar, Argentina
A.I.S. Resources Limited
Suite 3500 – 1055 Dunsmuir Street
Vancouver BC Canada V7X 1H7
T: +1-604-687-6820
www.aisresources.com
AIS Resources Initiates Exploration Program with
Tech One Lithium Resources Corp. at Incahuasi Lithium Salar, Argentina
Vancouver, British Columbia, April 1, 2021 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company"
or "AIS) and Tech One Lithium Resources Corporation (“Tech One”) are delighted to report that the Company
has commenced exploration at the Candela II property at Incahuasi Salar (Salt Lake).
In summary, AIS earned a 20% interest in Mining Licence File Number 23262 covering 3 sq kilometres on the
Incahuasi Salar in the lithium triangle in Argentina by negotiating the property and developing an exploration
and processing plan for Tech One. Initially a US$450,000 budget will be spent by Tech One on TEM geophysics,
drilling and brine analysis. A 200 litre sample is being collected for Ekosolve the selected processor to process
the brines at the University of Melbourne pilot facility, chemical engineering department in Australia.
Gangfeng Lithium (SHE:002460), China’s largest producer of the battery metal, Orocobre (ASX:ORE), a lithium
producer in Argentina and PepinNini an ASX explorer all have mining licences on the Incahuasi Salar. Tech One
Lithium Resources Corporation (“Tech One”), has optioned the Exploration license for 12 months to complete
due diligence and further exploration work, and has the right to acquire 100% of the property for USD one
million dollars (CAD1.3 million). The option fee paid by Tech One was US$100,000 and a further fee of
US$100,000 payable by Tech One in six months time. AIS has received the first payment for exploration.
Fig 1. Concession Map of main land holders and Incahuasi Salar
Previous explorers have sampled brines between 270-300ppm, from the top 50 metres of the Salar.
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Fig 2. 20 point, 3 line TEM resistivity survey, with a point station every 175m, Lines 100m apart
Fast Track Ekosolve Lithium Processing Facility
Tech One advises they have signed a facility fee agreement to utilize the Ekosolve™ lithium Solvent Exchange
Extraction process that can efficiently manage the processing of the brines to produce lithium carbonate with
a grade higher than 99.2% and a recovery of 97% far exceeding any ion exchange or adsorption process
available to date. Ekosolve™ is licensed to University of Melbourne, Australia.
The key advantage of the Ekosolve system is the high rate of lithium yield at 97% and 95% of the solvent is
reclaimed. Other systems such as adsorption achieve 72-80%, fractional crystallization 50-70%, and ion
exchange up to 90%. In adsorption and ion exchange extra processes may be required to manage the
magnesium and boron in the brines whereas this is not an issue with the Ekosolve process. Hence the capital
and operation expenditure is usually much lower. There are no ponds required which is a more eco-friendly
solution.
Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol MAIG
who is a Qualified Person under the definitions established by the National Instrument 43-101.
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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
precious and base metals exploration. AIS’s value add strategy is to acquire prospective exploration projects
and enhance their value by better defining the mineral resource with a view to attracting joint venture
partners and enhancing the value of its portfolio. The Company is managed by a team of experienced
geologists and investment bankers, with a track-record of successful capital markets achievements. AIS
acquired a 60% interest in the 58sqkm New South Wales Yalgogrin Gold Project JV (with the right to acquire
100%) that is currently being drilled, the right to acquire the 28 sqkm Fosterville-Toolleen Gold Project located
10 km from Kirkland Lakes Fosterville gold mine which is undergoing a geophysics survey and 100% interest
in 167 sqkm Kingston Gold Project in Victoria Australia near Stawell which settled in January 2021. It has also
acquired an option over 596 sq km of exploration licence in western Victoria near Casterton where gold and
other minerals have been discovered. AIS holds a 20% equity interest in the Incahuasi concession 23262 in the
lithium triangle in Argentina and its team are experienced explorers and producers of lithium carbonate.
A.I.S. Resources Limited
For further information, please contact:
Phillip Thomas, Chief Executive Officer
Tel: +1-747-200-9412
Email: [email protected]
Or
Martyn Element, Executive Chairman
Tel: +1-604-220-6266
Email: [email protected]
Website: www.aisresources.com
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of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ADVISORY: This press release contains forward-looking statements. More particularly, this press release
contains statements concerning the anticipated use of the proceeds of the Private Placement. Although
the Corporation believes that the expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them because the Corporation can give no assurance
that they will prove to be correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the
proceeds of the Private Placement by the Corporation might change if the board of directors of the
Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds
for some other purpose. The forward-looking statements contained in this press release are made as of
the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-
looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.