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American Pacific Borate and Lithium Ltd.

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Summary

Project:

Fort Cady

Deposit:Fort Cady
Location:United States
Commodities:Boron-Lithium
Date:4/16/2020
Report Code:JORC
Report Type:Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:16-4-2020: American Pacific Borate and Lithium Ltd. announces a Feasibility Study report for its Fort Cady deposit at the Fort Cady project. Enhanced DFS to include increased SOP production. American Pacific Borates Limited (ASX:ABR) (“ABR” or the “Compan
Resources:(Reserve, P+P): 41Mt @ 6.6% B2O3
CP/QP:[Overall Report]: Louis Fourie (Terra Modelling Services Inc.)
ABSTRACT:American Pacific Borates Limited (ASX:ABR) (“ABR” or the “Company”) is pleased to announce it has enhanced the Fort Cady Borate Mine DFS (the “Project”) released on 17 December 2018 to incorporate process improvements. The enhanced DFS has substantially increased the production of SOP. SOP, potassium sulfate or K2SO4, is a high value speciality fertiliser that combines potash and sulfur that is used as a substitute for potassium chloride, MOP or KCl in high value crops that are either sensitive to chloride or grown in areas with minimal rainfall where the build-up of chloride in the soil is problematic ABR is developing its 100% owned Fort Cady Borate Mine Project (the “Project”) located in the southeastern desert region of San Bernardino County, California. The Project is located near the town of Newberry Springs, approximately 50 km east of the city of Barstow and 4 km south of Interstate 40 (I-40). The Project area occurs approximately 200 km from Los Angeles (California) and Las Vegas (Nevada) in the Barstow Trough of the central Mojave. The Project and proposed operation is situated in an area with existing sealed roads, a gas pipeline, rail line and power lines.

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