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Drill Results Show 'Good Lithium Concentrations and Basin Continuity'
Research Report

Source:

A Cantor Fitzgerald note reviewed new findings from this joint venture asset in Argentina.

In a Sept. 18 research report, Cantor Fitzgerald analyst Matthew O'Keefe described Advantage Lithium Corp.'s (AAL:TSX.V; AVLIF:OTCQX) recently announced results from Cauchari as "positive" and "returning good lithium concentrations and basin continuity." The data are from the company's phase 3 infill drilling and resource conversion program at its 75%-owned project in Argentina.

Drilling could add 1.433 million tons of lithium carbonate equivalent (LCE) to Cauchari's current resource that, already "large," stands at 3 million tons of LCE, indicated O'Keefe.

Relaying the recent findings, Kaip noted lithium brine was continuous between holes CAU07, CAU16, CAU17 and CAU18, all in the northwest sector. Brine sampling in holes CAU20 and CAU21, in the north aspect of the northwest sector, averaged 629 milligrams per liter (629 mg/l) lithium and 4,537 mg/l potassium from a 113318 meter depth. It averaged 607 mg/l lithium and 4,691 mg/l potassium from a 125265 meter depth.

O'Keefe pointed out that "grades and chemistry are also better than the current resource, which bodes well for a resource update," anticipated in Q1/19. A definitive feasibility study,a "key derisking milestone paving the way for project financing," would follow in Q2/19. With the completion of that study, "we expect the stock to rerate higher," he wrote.

Drilling with four rigs continues, noted O'Keefe, and Advantage Lithium will continue to release results.

Also, it is developing infrastructure, including monitoring wells and pipelines, to effect 30-day pumping tests on test production wells CAU07 in the northwest sector and CAU11 in the southeast sector. The information yielded from the pumping tests, slated for Q4/18, should help estimate lithium reserves and create a project production schedule.

Cantor Fitzgerald has a Buy rating and a CA$1.50 per share 12-month target price on Advantage Lithium. The company's stock is currently trading at around CA$0.69 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Advantage Lithium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Advantage Lithium, a company mentioned in this article.

Disclosures from Cantor Fitzgerald, Advantage Lithium Corp., Corporate Update, Sept. 18, 2018

Potential conflicts of interest: The author of this report is compensated based in part on the overall revenues of Cantor, a portion of which are generated by investment banking activities. Cantor may have had, or seek to have, an investment banking relationship with companies mentioned in this report. Cantor and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although Cantor makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

Disclosures as of September 18, 2018
Cantor has not provided investment banking services or received investment banking related compensation from Advantage Lithium Corp. within the past 12 months.
The analysts responsible for this research report do not have, either directly or indirectly, a long or short position in the shares or options of Advantage Lithium Corp.
The analyst responsible for this report has visited the material operations of Advantage Lithium Corp. No payment or reimbursement was received for related travel costs.

Analyst Certification
The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.




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