February 5, 2015
Mr. John Reynolds
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Re: Li3 Energy, Inc.
Form 10-K for the Fiscal Year Ended June 30, 2014
Filed September 26, 2014
Response Dated January 27, 2015
File No. 000-54303
Dear Mr. Reynolds:
Li3 Energy, Inc. (the “Company,” “we,” “us” or “our”) hereby transmits its response to the letter received from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”), dated February 3, 2015, regarding the Form 10-K for the year ended June 30, 2014 filed by the Company on September 26, 2014 (the “Form 10-K”). For your convenience, we have repeated below the Staff’s comments in bold and have followed each comment with the Company’s response.
1. | We note your response to comment 2 from our letter dated January 21, 2015. Please revise future filings to remove the term 43-101 and the term compliant measured resource. We suggest referring to your report as a technical report. |
Response: We acknowledge the Staff´s comment and will revise our future filings in accordance with the Staff’s comment.
2. | We note your response to comment 3 from our letter dated January 21, 2015. In future filings please disclose a description of any infrastructure located on your property, including power and water. |
Response: We acknowledge the Staff´s comment and will revise our future filings in accordance with the Staff’s comment.
Should you have any questions regarding the above, please contact the undersigned atluis.saenz@li3energy.com, or on +56 2 2896 9100.
Yours sincerely,
/s/ Luis Saenz
Luis Saenz
CEO