Core increases Finniss resource
PERTH (miningweekly.com) – ASX-listed Core Lithium has increased the mineral resource estimate at its Finniss lithium project, in the Northern Territory, to 6.3-million tonnes, grading 1.4% lithium oxide, following the declaration of a maiden inferred mineral resource estimate for the Sandras deposit.
The Sandras deposit is now estimated to host 1.3-million tonnes of inferred resource, grading 1% lithium oxide.
“Adding an additional 1.3-million tonnes to our Finniss resource base from Sandras is a great result. The global mineral resource for the Finniss project has increased rapidly from 1.8-million tonnes at the start of 2018 to 6.3-million tonnes today, and Core’s management is of the view that the global mineral resource will grow even further over the coming two months, given the quality of the drilling results received from the recent exploration drilling at a number of new prospects, namely Carlton, Hang Gong and Lees-Booths-Link,” said Core MD Stephen Biggs.
He said that the new mineral resources had the potential to add substantial upside to the economics of the Finniss project, in addition to the mineral resources already defined.
Core is currently undertaking a definitive feasibility study at the project, focused on mining and production of high-grade lithium concentrate. Project development is planned to start in 2019, with production expected to reach 225 000 t/y of lithium oxide concentrate.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation