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Clean Teq Holdings Ltd.
Summary
| Project: | Syerston | |
|---|---|---|
| Deposit: | Syerston | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 9/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-9-2016: Clean Teq Holdings Ltd. announces a Resource Estimation report for its Syerston deposit at the Syerston project. Amended resource estimation, no change in resource itself. Clean TeQ Holdings Limited (CLQ:ASX) (Clean TeQ or Company) refers to th | |
| Resources: | (Resource, Total): 109Mt @ 0.65% Ni, 0.10% Co at Syerston | |
| CP/QP: | [Resources]: Diederik Speijers, John McDonald (McDonald Speijers Pty Ltd.) | |
| ABSTRACT: | Clean TeQ Holdings Limited (CLQ:ASX) (Clean TeQ or Company) refers to the Company’s ASX announcement of 22 August 2016: Syerston Nickel/Cobalt Mineral Resource Estimate - Updated Resource Estimate demonstrates potential for Syerston to become a leading global supplier of cathode raw materials to the lithium-ion battery industry (Announcement). The Announcement disclosed details for the Nickel/Cobalt Mineral Resource Estimate at a range of nickel equivalent cut-off grades. Although the Announcement clearly stated all the assumptions relating to the calculation of the nickel equivalent cut-off grade (including the nickel and cobalt recovery assumptions), the Announcement did not provide a discussion of the basis on which the assumed recoveries were derived. The Announcement also did not contain the statement that it is the company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold. By way of clarification, the metallurgical recoveries for nickel and cobalt were derived from metallurgical testwork comprising over 100 ore variability batch tests and 2 pilot plant campaigns testing 5 ore composites as part of 2 feasibility studies completed in 2000 and 2005 by previous owners of the project. It is the Company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold. | |
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