Global Geoscience proceeds with acquisition of Nevada lithium project
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.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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
