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First Lithium Minerals reports high lithium concentrations up to 1,299.5 mg/L in Chile's Ascotan brine samples

Market News
09 Jun 2026
Newsfile Corp
View Source
Bullish
pluang ai news

First Lithium Minerals completed a sedimentary brine exploration program at its Ascotan project in Chile, finding lithium concentrations ranging from 93.5 mg/L to 1,299.5 mg/L, with several samples exceeding 1,000 mg/L. These results confirm a lithium-enriched brine system with promising economic potential, supported by geophysical surveys and hydrogeological models. The company plans a 1,500-meter drilling program in the second half of 2026, pending permits and funding, aiming to advance the project toward resource development. This positions Ascotan as a potentially significant lithium resource in a region prioritized by the Chilean government for lithium exploration.

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