Lithium Prospecting in Bolivia

RNS Number : 3977B

Clontarf Energy PLC

20 September 2018

 

20^th September 2018

Clontarf Energy plc

("Clontarf" or "the Company")

Lithium Prospecting in Bolivia

Clontarf Energy, the oil and gas exploration company, is pleased to announce that it has submitted a proposal to explore one the world's largest Lithium-bearing salt-lakes in Bolivia.  Lithium from salt pans is in demand for high performance batteries.

David Horgan, Director, commented:

"We have re-established our presence in Bolivia, and have initiated discussions with the Bolivian National Lithium Company (YLB) on a possible joint venture to study and, if indicated, explore the second largest lithium brine deposit in the world.  Between 2008 and 2010 Clontarf examined salt pan lithium deposits in Bolivia but we were unable to proceed at that time.  Lithium from salt pans is in demand for high performance batteries."

There is no guarantee that this work will lead to a binding contract.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

For further information please visit http://www.clontarfenergy.com/ or contact:

 Enquiries:

Clontarf Energy
John Teeling, Chairman	[phone]
David Horgan, Director
Nominated Adviser and Broker
Northland Capital Partners Limited
Tom Price and Dugald Carlean  (Corporate Finance)	[phone]
Rob Rees / Isabella Pierre
Public Relations
Blytheweigh	[phone]
Simon Woods	[phone]
Camilla Horsfall	[phone]
Teneo PSG
Luke Hogg	[phone]
Alan Tyrrell	[phone]

 

END

 

 

UPDEAPNEASPPEEF