Quarterly HIGHLIGHTS
BOLIVIA
• Cosmos completed a $1.25 million placement to support the EAU Lithium transaction and working capital, with directors committing $250,000, subject to shareholder approval.
• EAU Lithium commenced synthetic brine testing at Vulcan Energy’s facility in Germany, while bulk brine samples remain in transit from Bolivia. The synthetic brine testing will provide early indications of the compatibility of Vulcan’s VULSORB® sorbent ahead of any future brine test work.
• 5m³ of bulk brine samples were shipped from Salar de Coipasa, Salar de Empexa and Salar de Pastos Grandes and shipped to Germany for analysis under the technology agreement with YLB.
• EAU Lithium is actively advancing workstreams under its technology agreement with YLB, supporting the pathway toward industrialisation agreements aligned with Bolivia’s national lithium strategy….
BOLIVIA
BACKGROUND
In December 2024, Cosmos Exploration entered into an exclusive option agreement to acquire 100% of EAU Lithium Pty Ltd, a private Australian company selected by Bolivia’s state-owned lithium company, Yacimientos de Litio Bolivianos, through a competitive public tender to undertake technology testing on brines from Salar de Coipasa, Salar de Empexa, and Salar de Pastos Grandes.
These salars are located within or proximal to the Lithium Triangle, a globally significant region spanning Bolivia, Chile, and Argentina that hosts over 50% of the world’s identified lithium resources. Bolivia alone is estimated to contain 23 million tonnes of elemental lithium (~122Mt LCE), the largest known resource globally.
