Lithium Argentina AG
For the period ended Mar 20, 2026. Filed Mar 20, 2026.
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Mar 20, 2026 · Filed Mar 20, 2026
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EX-99.1 · Note: RC = reverse circulation
Note:* RC = reverse circulation.*
Major Drilling, a Canadian drilling company with operations in Argentina, was contracted to carry out the RC drilling using a Schramm T685W rig and support equipment. The holes were initially drilled using ODEX and open-hole RC drilling methods at 10”, 8”, and 6” diameters. No drilling additives were used. A change was later made from ODEX and open-hole RC drilling to tri-cone bits of 17½” 16”, 9½”, 7⅞”, 6”, and 5½” diameters. Bit diameters were selected based on ambient lithological conditions at each borehole, with the objective of maximizing the drilling depth.
During drilling, chip and brine samples are collected from the cyclone at one-meter intervals. Occasionally, lost circulation resulted in the inability to collect samples from some intervals. Brine sample collection is summarized in Table 7.6. A total of 1,487 brine samples were collected from 15 of the RC boreholes and submitted for laboratory chemical analyses. For each brine sample, field measurements were conducted on an irregular basis, for potassium (by portable XRF analyzer), and regularly for electrical conductivity, pH and temperature. Sample collection, preparation and analytical methods are described in Section 8.0.
| Lithium Argentina AG., 2026 Cauchari-Olaroz S-K 1300 Technical ReportCauchari-Olaroz Salars, Argentina | Page 172 of 418 |
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| Table 7.6 Summary of Brine Samples Collected and Submitted for Laboratory Analysis from the RC and DDH Borehole Programs | |
|---|---|
| Description | Brine Samples |
| Total Field Samples | 1,614 |
| Total RC Borehole Program Field Samples | 1,487 |
| Total DDH Borehole Program Field Samples | 127 |
| Total Samples (Including QC) | 2,390 |
| Total Field Duplicates | 260 |
| Total Blanks | 263 |
| Total Standards | 253 |
| Note: RC = reverse circulation, DDH = diamond drill hole. | |
Air-lift flow measurements were conducted at six-meter intervals in six RC boreholes, when circulation was adequate. Daily static water level measurements were carried out inside the drill string at the start of each drilling shift, using a water level tape. Boreholes were completed with steel surface casing, a surface sanitary cement seal, and a lockable cap.
Average concentrations and chemical ratios of brine samples are shown in Table 7.7, for sampled intervals in 14 of the 15 sampled RC boreholes. Results for PE-3 (a flowing artesian well) are not included in the table because it receives freshwater from the alluvial cone adjacent to its position on the eastern margin of the Olaroz Salar. The sampled brines have a relatively low Mg/Li ratio (lower than most sampling intervals), indicating that the brines would be amenable to a conventional lithium recovery process. RC borehole logs are provided by King (2010b), including available brine sampling results.
| Lithium Argentina AG., 2026 Cauchari-Olaroz S-K 1300 Technical ReportCauchari-Olaroz Salars, Argentina | Page 173 of 418 |
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| Table 7.7 Brine Concentrations (mg/L) and Ratios Averaged Across Selected Depth Intervals for RC Program Boreholes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Borehole ID | Depth (m) | Length (m) | B | K | Li | Mg | SO4 | Mg/Li | K/Li | SO4/Li |
| PE-04 | 11-32 | 21 | 795 | 5,987 | 692 | 2,458 | 20,498 | 4 | 8.652 | 29.621 |
| 59-79 | 20 | 1,033 | 7,225 | 759 | 1,993 | 24,114 | 3 | 9.519 | 31.770 | |
| 83-187 | 89 | 935 | 6,226 | 623 | 1,844 | 22,568 | 3 | 9.994 | 36.246 | |
| PE-06 | 18-21 | 3 | 729 | 7,060 | 834 | 2,737 | 18,234 | 3 | 8.465 | 21.872 |
| 54-165 | 111 | 1,261 | 6,982 | 870 | 2,031 | 16,731 | 2 | 8.025 | 19.240 | |
| PE-07 | 78-108 | 20 | 824 | 3,520 | 380 | 907 | 14,388 | 2 | 9.263 | 37.867 |
| 109-113 | 4 | 1,078 | 5,328 | 768 | 1,924 | 16,961 | 3 | 6.938 | 22.075 | |
| 117-136 | 19 | 1,019 | 3,887 | 448 | 1,151 | 13,238 | 3 | 8.676 | 29.530 | |
| 145-205 | 54 | 1,054 | 4,558 | 579 | 1,461 | 16,420 | 3 | 7.872 | 28.351 | |
| 207-248 | 38 | 1,030 | 4,205 | 490 | 1,080 | 15,326 | 2 | 8.582 | 31.247 | |
| PE-09 | 72-105 | 33 | 921 | 4,229 | 530 | 1,482 | 17,379 | 3 | 7.979 | 32.800 |
| 109-163 | 54 | 809 | 4,998 | 646 | 2,126 | 23,746 | 3 | 7.737 | 36.755 | |
| 164-197 | 33 | 827 | 5,998 | 741 | 1,734 | 16,445 | 2 | 8.094 | 22.196 | |
| PE-10 | 60-152 | 92 | 1,041 | 4,051 | 396 | 174 | 17,495 | 0 | 10.230 | 44.183 |
| 152-234 | 82 | 1,398 | 6,072 | 598 | 1,144 | 20,401 | 2 | 10.154 | 34.106 | |
| PE-13 | 102-105 | 3 | 655 | 3,963 | 505 | 1,383 | 16,225 | 3 | 7.848 | 32.129 |
| 108-120 | 12 | 751 | 4,433 | 533 | 1,379 | 20,465 | 3 | 8.317 | 38.431 | |
| PE-14 | 147-179 | 32 | 860 | 6,572 | 733 | 1,918 | 23,359 | 3 | 8.966 | 31.853 |
| 179-192 | 13 | 874 | 6,287 | 681 | 1,821 | 20,763 | 3 | 9.232 | 30.499 | |
| 192-228 | 36 | 861 | 6,152 | 712 | 1,842 | 21,222 | 3 | 8.640 | 29.813 | |
| PE-15 | 62-92 | 30 | 981 | 5,096 | 527 | 1,174 | 16,079 | 2 | 9.670 | 30.527 |
| 103-132 | 29 | 762 | 3,719 | 465 | 1,066 | 16,639 | 2 | 7.998 | 35.758 | |
| 144-156 | 12 | 883 | 4,794 | 582 | 1,238 | 13,966 | 2 | 8.237 | 24.017 | |
| 168-189 | 21 | 888 | 5,079 | 606 | 1,224 | 12,575 | 2 | 8.381 | 20.744 | |
| PE-17 | 78-84 | 6 | 968 | 3,910 | 537 | 1,623 | 17,021 | 3 | 7.281 | 31.716 |
| 87-91 | 4 | 901 | 3,572 | 481 | 1,442 | 16,137 | 3 | 7.426 | 33.531 | |
| 103-107 | 4 | 669 | 4,229 | 482 | 1,121 | 18,481 | 2 | 8.774 | 38.322 | |
| 110-111 | 1 | 863 | 5,446 | 648 | 1,702 | 23,544 | 3 | 8.404 | 36.333 | |
| 154-156 | 2 | 1,044 | 4,026 | 472 | 935 | 12,167 | 2 | 8.530 | 25.805 | |
| 171-174 | 3 | 968 | 4,269 | 507 | 1,109 | 12,965 | 2 | 8.420 | 25.573 | |
| Lithium Argentina AG., 2026 Cauchari-Olaroz S-K 1300 Technical ReportCauchari-Olaroz Salars, Argentina | Page 174 of 418 |
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| Table 7.7 Brine Concentrations (mg/L) and Ratios Averaged Across Selected Depth Intervals for RC Program Boreholes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Borehole ID | Depth (m) | Length (m) | B | K | Li | Mg | SO4 | Mg/Li | K/Li | SO4/Li |
| PE-18 | 140-260 | 120 | 1,396 | 7,216 | 717 | 1,489 | 27,284 | 2 | 10.064 | 38.064 |
| PE-19 | 26-30 | 4 | 1,154 | 5,152 | 404 | 761 | 17,275 | 2 | 12.752 | 42.733 |
| 42-62 | 20 | 1,182 | 7,601 | 911 | 3,050 | 20,347 | 3 | 8.344 | 22.343 | |
| 64-132 | 68 | 817 | 6,347 | 738 | 2,456 | 18,160 | 3 | 8.600 | 24.604 | |
| 145-267 | 122 | 757 | 5,957 | 655 | 1,906 | 21,467 | 3 | 9.095 | 32.755 | |
| PE-20 | 18-30 | 12 | 717 | 6,712 | 747 | 2,706 | 21,407 | 4 | 8.985 | 28.644 |
| 60-127 | 64 | 821 | 5,759 | 650 | 1,778 | 22,117 | 3 | 8.860 | 34.013 | |
| 129-150 | 19 | 794 | 6,389 | 698 | 2,183 | 21,572 | 3 | 9.153 | 30.887 | |
| 155-204 | 49 | 795 | 6,193 | 691 | 2,193 | 21,464 | 3 | 8.962 | 31.040 | |
| PE-21 | 92-112 | 20 | 1,255 | 5,619 | 661 | 1,298 | 22,085 | 2 | 8.501 | 33.389 |
| 113-134 | 21 | 1,235 | 5,587 | 735 | 1,412 | 22,605 | 2 | 7.601 | 30.761 | |
| 135-222 | 87 | 1,233 | 7,162 | 825 | 1,694 | 22,086 | 2 | 8.681 | 26.769 | |
| PE-22 | 72-89 | 17 | 1,095 | 6,414 | 656 | 1,456 | 26,397 | 2 | 9.777 | 40.248 |
| 90-197 | 107 | 1,136 | 7,216 | 696 | 1,482 | 26,604 | 2 | 10.368 | 38.232 | |
| 198-230 | 32 | 1,051 | 7,036 | 733 | 1,913 | 24,928 | 3 | 9.599 | 34.002 | |
Note:* RC = reverse circulation.*
| Lithium Argentina AG., 2026 Cauchari-Olaroz S-K 1300 Technical ReportCauchari-Olaroz Salars, Argentina | Page 175 of 418 |
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| 7.16.2 | Diamond Drilling (DDH) Borehole Program 2009-2010 |
The objectives of this program were to collect: 1) continuous cores for mapping and characterization, 2) geologic samples for geotechnical testing, including Relative Brine Release Capacity (RBRC), grain size and density, 3) brine samples using low-flow pumping methods, and 4) information for the construction of observation wells for future sampling and monitoring. The drilling reported herein was conducted between October 2009 and August 2010. DD Borehole Program drilling is summarized in Table 7.8. Twenty-nine boreholes (DDH-1 through DDH-18, plus twin holes) were completed, for a total of 5,714 m of drilling. Borehole depths range from 79 m (DDH-2) to 449.5 m (DDH-7).
| Table 7.8 Borehole Drilling Summary for the DDH Program Conducted in 2009 and 2010 | |||||||
|---|---|---|---|---|---|---|---|
| DDH Borehole · Drilling Interval · Drilling Length (m) · DDH Borehole · Drilling Interval · Drilling Length (m) | |||||||
| From (m) · To (m) · From (m) · To (m) | |||||||
| DDH-1 | - | 272.45 | 272.45 | DDH-10B | - | 36.80 | 36.80 |
| DDH-2 | - | 78.90 | 78.90 | DDH-11 | 165.00 | 260.80 | 95.80 |
| DDH-3 | - | 322.00 | 322.00 | DDH-12 | - | 309.00 | 309.00 |
| DDH-4 | - | 264.00 | 264.00 | DDH-12A | - | 294.00 | 294.00 |
| DDH-4A | - | 264.00 | 264.00 | DDH-13 | - | 193.50 | 193.50 |
| DDH-5 | - | 115.50 | 115.50 | DDH-13A | - | 20.50 | 20.50 |
| DDH-6A | - | 338.50 | 338.50 | DDH-13B | - | 20.50 | 20.50 |
| DDH-6 | - | 129.00 | 129.00 | DDH-13C | - | 20.50 | 20.50 |
| DDH-7 | 371.00 | 449.50 | 78.50 | DDH-13D | - | 20.50 | 20.50 |
| DDH-8 | - | 250.50 | 250.50 | DDH-14 | - | 254.50 | 254.50 |
| DDH-8A | - | 252.50 | 252.50 | DDH-15 | - | 206.50 | 206.50 |
| DDH-9 | - | 362.50 | 362.50 | DDH-16 | - | 270.00 | 270.00 |
| DDH9A | - | 352.00 | 352.00 | DDH-17 | - | 79.00 | 79.00 |
| DDH-10 | - | 350.50 | 350.50 | DDH-18 | - | 203.50 | 203.50 |
| DDH-10A | - | 258.00 | 258.00 | ||||
| Total Boreholes: 29 / Total Drilling: 5,714 m | |||||||
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