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Clean Teq Holdings Ltd.
Summary
| Project: | Syerston | |
|---|---|---|
| Deposit: | Syerston | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 10/5/2016 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-10-2016: Clean Teq Holdings Ltd. announces a Pre-Feasibility Study report for its Syerston deposit at the Syerston project. Ni + Co PFS results incl. post-tax NPV (8%) of US$891M, IRR of 25%. Clean TeQ Holdings Limited (ASX: CLQ) announces the results o | |
| Resources: | (Reserve, P+P): 96.193Mt @ 0.65% Ni, 0.10% Co | |
| CP/QP: | [Resources]: Diederik Speijers, John McDonald (McDonald Speijers Pty Ltd.) | |
| ABSTRACT: | Clean TeQ Holdings Limited (ASX: CLQ) announces the results of the Syerston Nickel & Cobalt Project (Project) Pre-Feasibility Study (PFS). Noting the results of the PFS, Co-Chairman of the Company, Robert Friedland, said: “The coming decades will see enormous technological disruption in global energy storage and transportation markets. But this technology revolution is interdependent – it requires the rapid development of new and reliable raw material supply chains to service these fast-growing markets. At its heart, Syerston’s unique mineral resource, when combined with Clean TeQ’s proprietary ion exchange extraction and purification processing platform, has the potential to service a significant portion of global demand for cathode raw material into the lithium-ion battery industry, as well as providing scandium for the next generation of light-weight aluminum alloys for transportation markets.” Clean TeQ’s CEO, Sam Riggall, also commented: “The PFS has demonstrated the potential for an extremely robust project, producing metals at a scale, and in a form, that are becoming increasingly critical in energy and transport supply chains. Market interest in the Project has been very strong, and we look forward to progressively de-risking the development plan and working with potential customers and strategic partners in these supply chains.” | |
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