https://www.miningweekly.com

Global Geoscience proceeds with acquisition of Nevada lithium project

4th July 2016

By: Samantha Herbst

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Having completed a successful exclusive due diligence investigation on the Ryholite Ridge lithium-boron project, in Nevada, the US, ASX-listed mineral exploration company Global has decided to acquire the project.

The due diligence confirmed that the project had long-life potential, as well as a low-cost source of lithium and boron.

Further, an aggressive exploration programme currently under way and focusing on the project’s mineral resource estimation and metallurgical testwork led the company to decide to commence with a prefeasibility study (PFS) within three to six months.

“With over 100 existing drill holes at two known lithium-boron deposits, the project provides the company with direct exposure to an advanced exploration project and presents the opportunity to to commence with a PFS in the near term,” said Global MD Bernard Rowe.

He added that, in addition to the exploration work already completed, Global was particularly excited by the opportunity to test the large area of high-grade surface mineralisation that had not been previously drill tested.

“We will be providing regular updates as we commence with an aggressive exploration programme and continue to assess the results of prior exploration,” said Rowe.

Ryholite Ridge owner Boundary Peak minerals noted that it was “delighted” to work with Global Geoscience to progress the project. “We firmly believe the project has the potential to provide a long-life source of lithium and boron and we are excited by Global’s commitment to rapidly advance exploration and processing studies at the project.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 0.169s - 106pq - 2rq
Subscribe Now