Li3 Energy Inc.’s (OTCBB: LIEG) Maricunga project has been selected independently by signumBOX as the fourth-best undeveloped lithium project in the world out of the 37 other brine projects.

Additional key conclusions of the February 2014 report are:

  • Global lithium demand is expected to grow at a base rate of 6% in 2014 from 2013 rates.
  • The increase in the growth rate is due primarily to an increase in demand from the battery industry, which is projected to grow a base rate of 11.2% in 2014 from 2013 and increase year after year.
  • After the Atacama salar, the Maricunga salar has the second highest quality deposit of lithium in Chile.
  • Li3′s Maricunga project is the highest ranked undeveloped lithium brine project in Chile.

Patrick Cussen, Li3′s chairman of the board, stated:

These continue to be very exciting times for Li3. Not only are we now fully funded through the permitting process, the positive statements from the Chilean government regarding the lifting of restrictions on additional lithium projects, coupled with the current signumBOX ranking, confirms that our Maricunga project is a world-class asset.

Luis Saenz, CEO of Li3, stated:

The independent confirmation and continued number 4 ranking provides further evidence to support our belief that Li3 has the only advanced lithium project in Chile that can exploit lithium at the moment. As we continue to execute our strategic plan with our local partner BBL and POSCO´s technology, we believe the results of the ranking can add to shareholder value and solidifies our place as a top-level lithium project.

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