PERTH (miningweekly.com) – Lithium miner Allkem has reported a 173% increase at its James Bay lithium project, in Québec.
The project’s updated mineral resource now stands at 110.2-million tonnes at 1.3% lithium oxide, of which 54.3-million tonnes is classified as indicated and a further 55.9-million tonnes as inferred.
“James Bay is now one of the largest spodumene lithium assets and clearly has the potential to grow even further as the boundaries of mineralisation are tested through an additional drilling programme commencing later in the year,” said Allkem MD and CEO Martin Perez de Solay.
“The size and grade of this resource is amongst the best in the world and will underpin Allkem plans for future production and processing of lithium in Québec.”
The company on Friday told shareholders that a significant campaign of infill and extensional drilling was planned for the winter to test for along-strike and down-dip extensions of the pegmatite dykes beyond the area included in the mineral resource estimate.