https://www.miningweekly.com

MoU between Cobre and Pilbara Minerals extended to year-end

19th June 2015

By: Ilan Solomons

Creamer Media Staff Writer

  

Font size: - +

JOHANNESBURG (miningweekly.com) –  The memorandum of understanding (MoU) between Perth-based lithium developer Cobre Montana (soon to be Lithium Australia) and strategic minerals company Pilbara Minerals to evaluate the potential for developing a lithium mica processing operation in the Pilbara region has been extended until the end of this year.

Cobre currently had the exclusive Western Australian rights to the only practical metallurgical process for commercial recovery of lithium chemicals from micas.

The extension follows new geological results from Pilbara Minerals’ drilling at its Pilgangoora project, located 150 km south-east of Port Hedland, Western Australia.

Pilbara Minerals released the results towards the end of Cobre’s initial due diligence, which was scheduled to conclude last month under the terms of the original MoU.

With plans for future drilling to extend into areas more favourable for the occurrence of lithium micas, both parties agreed to extend the MoU timeline by seven months to the end of December 2015.

Pilbara Minerals drill results coincided with a major 32% upgrade of the Pilgangoora Joint Ore Reserves Committee resource, which it announced in June.

The previous estimate was 8.6-million tons at 1.01% lithium superoxide (LiO₂) for 87 000 t; however, the resource now comprises 12.73-million tons at 1.42% LiO₂ for 182 000 t of contained lithium oxide.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

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

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 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:0.176 0.214s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: