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European Momentum Accelerates for San Jose Lithium Project with Key Appointment and German Exchange Listings

ID: 1543538
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(PresseBox) - HIGHLIGHTS

Infinity?s European developments continue with the appointment of lithium industry expert to lead European corporate strategy.

Vincent Ledoux-Pedailles strengthens Infinity?s capabilities and reinforces focus in aligning European interests.

Infinity Lithium participates in LME?s Electric Vehicle (?EV?) Metals Advisory Group discussions and other European based battery chemicals and raw materials conferences.

Listing of the Company successfully completed on the Frankfurt Stock Exchange and Stuttgart Stock Exchange under the symbol ?3PM? to broaden Infinity?s investor appeal and increasing exposure to European investors.

Dual listing enables European shareholders to trade Infinity shares in their own time zone, and facilitates further investor interest coming out of Europe.

Listing in Europe provides access to larger pools of capital and raises the profile of the strategically significant San Jose Lithium Project located west of Madrid.

Infinity Lithium Appoints Vice President of European Corporate Strategy and Business Development

Infinity Lithium Corporation Limited (?Infinity?, or ?the Company? - is pleased to announce Vincent Ledoux-Pedailles? appointment as

Vincent previously led the lithium and battery materials research team at London based global data and information service group IHS Markit (?IHS?).

Infinity Managing Director, Ryan Parkin, said: ?We are delighted to welcome Vincent to Infinity to spearhead our European investment focus, and engagement with strategic partners. With his unique lithium focused background and European base we are certain he will help to drive Infinity and the strategically significant San Jose Lithium Project forward.

We continue to add value through the appointment of industry experts in key geographical segments. The appointment of Vincent strengthens the capabilities of Infinity in new European markets and the underlying project.?

Vice President of European Corporate Strategy and Business Development

Vincent holds a Business Masters in Risk Management and International Purchasing from ESDES Business School in France. Vincent wrote his master''s thesis on the development and deployment of electric vehicles powered by lithium-ion batteries and has studied at Copenhagen Business School, Denmark and Marshall University, US.

Vincent lithium industry experience began with Talison Lithium in Perth, Australia. Whilst at Talison he was tracking the lithium industry in China and Europe.

Vincent then joined IHS Markit (?IHS?) in 2014 where he first focused on basic chemical commodities and led the EMEA Chlor-alkali team. Vincent?s responsibilities with the battery material research team at IHS covered the entire industry?s supply chain from the extraction of the raw materials, their conversion to chemicals and battery materials used in cathodes, and the progression to end uses such as in electric vehicles, energy storage systems and portable electronics.

Vincent is well regarded in the battery chemicals industry. For example, he was invited to join a panel this month at the Argus Metals Forum and Battery Breakfast as part of the London Metals Exchange (?LME?). Speaking as an expert panel member, Vincent discussed the lithium industry. This complements his regular speaking appearances at various industry events across the world presenting at chemical, mining, and energy related conferences (Figure 1).

In mid-November Vincent Ledoux will be speaking in Chicago at the Advisory Board meeting of the CWIEME/EV Momentum attended by a number of Senior Executives from the Auto and Tech industry.

LME Week, October 2018

LME Week is the annual London Metals Exchange (?LME?) conference held in October each year, in the city of London. Traditionally a base and precious metals conference it has now expanded to cover energy minerals and chemicals such as lithium. The LME is considered a benchmark for industry supply/demand and pricing discussion.

Infinity Lithium took part in the LME?s Electric Vehicle (?EV?) Metals Advisory Group meeting to discuss the development of a hedging tool for lithium contracts. ificant shortages, and price volatility. This remained a key focus of discussions as the LME seeks to develop their hedging tool and the dynamic of attracting project finance to address projected supply deficiencies in the mid to long term.

Infinity will be participating in the Darmstadt hosted Sustainable Materials for Future Mobility Conference as organised by European Institute of Innovation and Technology (?EIT?) Raw Materials.

Successful Listing on the Frankfurt and Stuttgart Stock Exchange

Infinity (ISIN Number: AU0000007627) is active on both the Frankfurt Stock Exchange (FRA:3PM) and Stuttgart Stock Exchange (STU:3PM) after successfully completing the German dual listings over the European summer period.

European demand for battery grade lithium chemicals is predicted to accelerate based on the rapid expansion of cathode manufacturing and battery assembly investments in Europe, driven by the rapid adoption of EVs required to align with government EV proposals and emissions targets (Figure 2).the lithium industry and in particular the evolution of the electric vehicle market.

The successful listing on the Frankfurt Stock Exchange (?FWB?) and Stuttgart Stock Exchange (?SWB?) will provide relevant platforms for European investors with a particular focus on German and Swiss interest.

The FWB is one of the world?s largest trading centres for securities and the largest stock exchange in Germany, facilitating advanced electronic trading, settlement and information systems.leading exchange for retail investors in Germany.

The sophisticated nature of the German and Swiss investment in conjunction with progressive European emission policies provides a suitable backdrop for Infinity?s Spanish based San Jose fully integrated lithium project.ntly addressing.

The burgeoning European demand and subsequent CATL investment in the German Thuringen region was described by the Minister of Economic Affairs, Wolfgang Tieensee, as ?the most important industrial investment in Th

Competent Persons Statement

The information in this report that relates to Exploration Targets is based on the information compiled by Mr Jeremy Peters, FAusIMM CP (Mining, Geology). Mr Peters has sufficient relevant professional experience with open pit and underground mining, exploration and development of mineral deposits similar to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of JORC Code. He has visited the project area and observed drilling, logging and sampling techniques used by Infinity in collection of data used in the preparation of this report. Mr Peters is an employee of Snowden Mining industry Consultants and consents to be named in this release and the report as it is presented.

The information in this report that relates to the December 2017 and updates in May 2018, updated Mineral Resources is based on the information compiled by Mr Patrick Adams, FAusIMM CP (Geology). Mr Adams has sufficient relevant professional experience with open pit and underground mining, exploration and development of mineral deposits similar to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of JORC Code.nsents to be named in this release and the report as it is presented.

The information in this report that relates to Exploration Results is based on the information compiled or reviewed by Mr Adrian Byass, B.Sc Hons (Geol), B.Econ, FSEG, MAIG and an employee of Infinity Lithium Corporation Limited.e matters based on this information in the form and context in which it appears.


Forward-looking statements are statements that are not historical facts. Words such as ?expect(s)?, ?feel(s)?, ?believe(s)?, ?will?, ?may?, ?anticipate(s)? and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company?s prospects, properties and business strategy.occurrence of or non-occurrence of any events.

About Infinity?s? Lithium Project

Infinity has partnered with the large Spanish company Sacyr and its wholly owned subsidiary Valoriza Mineria in an earn-in JV over a large, lithium-tin project (San Jose) in central Spain. Infinity can earn up to 75% of San Jose by completing a Feasibility Study within 4 years (approximately A$6 million in spend in staged increments of 50% and 75%).

San Jose is a highly advanced lithium project which is hosted in lithium-mica that hosts a JORC resource of lithium carbonate equivalent (LCE). A feasibility study completed in 1991 defined an open pit mining operation and a process flow sheet which produced lithium carbonate through acid-leach or sulphate calcine processing. This drilling, mining and processing study work highlights the advanced status and inherent advantages enjoyed by San Jose in relation to many other hardrock deposits. The Resource estimate for San Jose is shown below in Table 1;

Snowden Mining (2017) and Cube Consulting estimated the total Mineral Resource for the San Jose lithium deposit using Ordinary Kriging interpolation methods and reported above a 0.1%

Lithium (Li) mineralisation is commonly expressed as either lithium oxide (Li2O) or lithium carbonate (Li2CO3) or Lithium Carbonate Equivalent (LCE). Lithium Conversion:

1.0% Li = 2.153% Li2O,

1.0%Li = 5.32% Li2CO3

The Resource was announced to the ASX on 5th December 2017 and updated 23 May 2018.ply and have not materially changed.

Scoping Study ? Cautionary Statement

Refer to ASX announcement 18th October 2017. The Scoping Study referred to in this announcement is a preliminary technical and economic investigation of the potential viability of the San Jose Lithium-Tin Project. It is based on low accuracy technical and economic assessments, (+/- 35% accuracy) and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage; or to provide certainty that the conclusions of the Study will be realised. Infinity confirms that all the material assumptions underpinning the production target, or the forecast financial information derived from the production target, in the initial ASX announcement continue to apply and have not materially changed. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Measured or Indicated Mineral Resources or that the Production Target or preliminary economic assessment will be realised.

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published by: PresseBox
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Date: 11/05/2018 - 12:12
Language: English
News-ID 1543538
Character count: 16819
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Herisau


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