GOLD 1562.25 $/ozChange: -3.40
PLATINUM 1427.50 $/ozChange: 4.00
R/$ exchange 8.34Change: 0.06
R/€ exchange 10.47Change: 0.07
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
Advanced Search
 
 
 
Home
 
Most Popular Articles
 
 
RESOURCE UPGRADE
Reed Resources hikes Mt Marion lithium resource
 
12th August 2010
TEXT SIZE
Text Smaller Disabled Text Bigger
 

PERTH (miningweekly.com) – ASX-listed Reed Resources has increased the total mineral resource for its Mount Marion lithium project, in Western Australia, by 18%.

The miner said on Thursday that the project now contained a total lithium oxide resource of 146 000 t.

“This upgrade in the resource further highlights that Mount Marion is a formidable world-class lithium deposit,” said Reed Resources CEO Chris Reed.

Last month, Reed Resources announced that it would mine the Mount Marion project, with lithium production scheduled to start in the March quarter of 2011.

The operation would initially produce around 200 000 t/y of spodumene concentrate, grading a nominal 6,5% lithium oxide, processed from 1,2-million tons of feed material.

Reed reported that the assessment of the mining proposal and works approval from the Departments of Minerals and Petroleum, as well as Environment and Conservation has now started.

Approval has been granted to clear 180 ha of land, and this will start once the mining proposal has been approved.

The Mount Marion project is jointly held by Reed Resources and Mineral Resources.

Edited by: Mariaan Webb

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.

Subscribe Now Login
 
 
Topics in this article