Project

Geology

The Chaco Basin in Northwestern Paraguay has the potential to be the world’s next great lithium producing region. Underpinned by high potential geological formations and backed by experienced mine finders, Chaco Minerals’ large scale land package is highly prospective. Chaco Minerals’ opportunity is unique not only in its scale, but in its risk profile, as Paraguay offers more attractive fiscal terms, incentives and security of title when compared to the Puna Region of Chile, Argentina and Bolivia.

The New Lithium Triangle

Chaco Minerals has ~2.0M ha under option in Paraguay's emerging Chaco Basin lithium district (Northwestern Paraguay near the Bolivian and Argentina borders). It is Chaco Minerals’ belief that the Chaco Basin contains numerous shallow and deep brine systems. The in-country district scale position could provide for significant government support as Paraguay aims to reshape itself as a regional leader in the green economy. Historical hydrological-focused programs have resulted in the discovery of salt brine deposits. The Chaco Basin is a modern foreland basin with extensive slat flats close to rivers and bodies of water that extend into Argentina and Bolivia where it borders the Andean thrust front.

The Chaco Basin is located downstream from South America’s premier lithium producing regions, though it is historically under-explored for critical metals. Boasting some of the highest evaporation rates on earth, as well as more natural annual wet than the Puna, the Chaco Basin may help relieve concerns surrounding Lithium production in neighbouring jurisdictions which consume ~65% of available regional water supplies.