Li3 Energy, Inc. (Li3) is a South America-based, exploration-stage company in the lithium and mining sector. As of June 30, 2012, the Company was focused on exploring, developing and commercializing its 60% controlling interest in its flagship Maricunga Project, located in the northeast section of the Salar de Maricunga in Region III of Atacama, in northern Chile. In Chile, the Company�s assets consist of 1,438 hectares located within the Salar de Maricunga, as well as 4,900 hectares of other land holdings that are located within close proximity to the Salar de Maricunga that could serve as processing sites for the project. Together, its total Chilean land holdings consist of 6,338 hectares. As of June 30, 2012, the Company had not generated revenues from operations.