Emerging lithium explorer PepinNini Minerals (ASX:PNN) announced today that it had raised some A$600,000 (pre-costs) via a share placement of 50m shares at A$1.2cps. The proceeds will take PNN’s cash position to over A$1m (A$675,000 cash balance as at the end of December 2016). We believe that this level of funding should be enough to allow PNN to establish a maiden lithium Resource at its Salta Lithium Project in the “Lithium Triangle” NW Argentina, within 12 months.