Lithium Power International {ASX: LPI}
Confirmed that the Chilean Environmental Service has extended the EIA evaluation process for 60 days.
The Chilean regulations sets a timeframe of 120 business days for the final environmental evaluation of any project submitted in the country. It also grants a one-time extension, at its own discretion during the process, if needed to complete the evaluation.
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LPI ENVIRONMENTAL IMPACT ASSESSMENT (EIA) UPDATE
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Minera Salar Blanco S.A. (MSB), Lithium Power International Limited’s (ASX: LPI) joint venture company, were informed today that the Chilean Environmental Service has extended the EIA evaluation process for 60 days.
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The Chilean regulations sets a timeframe of 120 business days for the final environmental evaluation of any project submitted in the country. It also grants the Environmental Service a one-time extension, at its own discretion during the process, if needed to complete the evaluation.
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The use of this extension by the Environmental Service is customary among large and/or complex projects in Chile and was expected by MSB, as the initial evaluation timeframe of 120 days was due yesterday, 15 October (Chile time).
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