Accurate China Insight: Leading China based multi-product lithium manufacturer Jiangxi Ganfeng Lithium invests US$2 million in Ireland exploration project

In October GFL International Co. Ltd, an investment company wholly owned by Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”), a leading China based multi-product lithium manufacturer, supplying a wide range of lithium products for primary and secondary lithiumbattery market, pharmaceutical and new material industries, entered into formal option agreement to earn a 100% interest in International Lithium Corporation (ILC)’s Blackstairs project in Ireland, a step up from a July 2012 Letter of Intent (“LOI”) option to earn only 75% interest, under which Ganfeng would “advance ILC US$1 million as soon as possible with the second $1 million advanced within the following two months”.

If anything the project reaffirms China’s core investment interest in Ireland: Natural resources.

So what is the Blackstairs Project?

“… The Blackstairs Project, comprised of eight mineral exploration licences totalling 292 square kilometres, is located 80 kilometres south of Dublin straddling the Counties of Carlow and Wicklow in Leinster, south-east Ireland (See Map below). The Blackstairs Project encompasses an extensive NE-SW oriented 50 kilometre long rare metals pegmatite belt situated within the East Carlow Deformation Zone along the eastern side of the Leinster Granite.

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Approximately 19 significant lithium pegmatite occurrences have been discovered within the Blackstairs Project to date primarily as boulder trails with five buried pegmatites known through past trenching and drilling…”

About International Lithium Corp.

International Lithium Corp. is an exploration company with a focused portfolio of projects. A strong management team with personal ownership in the company compliments robust financial support from key stakeholders. A leading China based lithium productmanufacturer, Jiangxi Ganfeng Lithium Co. Ltd., is a strategic partner and keystone investor in ILC. The Company currently has several active rare metals projects, including lithium-potash brines in Argentina, and hard-rock pegmatites in Canada and Ireland….”

Sources / read more:

http://www.stumbleupon.com/su/5SXm5h/sufiy.blogspot.co.uk/2012/11/international-lithium-corp-blackstairs.html#

http://internationallithium.com/s/newsroom.asp?ReportID=539586

http://www.accuratelimited.com/blog.view.php?id=arZKNbudqUQ=

Niall O’Reilly

Managing Director, Accurate Group – Ireland China Product & Business Development (Market Intelligence, Market Research)Consultancy

Tel: +353 1271 1830 / +86 152 5719 4468

http://www.accuratelimited.com

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Filed under Accurate China Business Services, Business, China, Ireland

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