Monumental Minerals Corp. ("Monumental Minerals" or the "Company") MNRL BE MNMRF is pleased to announce the signing of an agreement with the Ayquina-Turi Indigenous Community for land and exploration access at the Salar de Turi lithium project (the "Turi Project"). Turi is located about 60 km northeast from the city of Calama, Chile, within the lithium triangle.
Dr. Jamil Sader, CEO comments:
"Monumental Minerals is committed to a respectful, transparent and a mutually beneficial relationship with the Ayquina - Turi Indigenous Community and we thank them for permitting us to explore and drill on their ancestral lands. It has been a pleasure working with the community, and we look forward to continuing to strengthen our relationship. Social governance and community engagement is a key Monumental Minerals' policy, and we pledge to work with all stakeholders."
The Ayquina-Turi Community comments
"The Ayquina-Turi Community has reached an agreement with Monumental Minerals to continue the drilling of two wells in the Salar de Turi. This agreement is made in the context of mutual respect of the parties, and the commitment to local indigenous communities, which are the basis for developing a lasting relationship".
The Turi Project is situated within the prolific lithium triangle, a zone within the central Andes high desert that includes Chile, Argentina, and Bolivia. This zone is estimated to contain more than half of the world's lithium supply beneath the many salt flats, also known as salars, that are common to the region. The Turi Project is comprised of 40 exploration concessions totaling 8,500 hectares, 100% owned by Lithium Chile Inc. LITH through its wholly owned Chilean subsidiary Minera Kairos Chile Limitada. Monumental Minerals has the option to acquire a 50.01% interest and title in and to the Turi Project. The Turi Project is accessible from the city of Calama (60 km to the southwest) via the paved roads 21CH, and B-165 and is close to infrastructure. Travel time from Calama to the Turi Project is approximately 1 hour (see news releases dated October 6, 2022 and August 23, 2022 for additional details and map).
Source: https://monumentalminerals.com/