For thousands of other reports visit RSC's Mineral Intellingence Map
Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 5/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2017: Core Lithium Ltd. announces a Resource Estimation report for its Grants deposit at the Finniss project. Initial resource estimate at Grant. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce Grants Lithium Depo | |
| Resources: | (Resource, I+I): 1.804Mt @1.5% Li2O contained at Grant | |
| CP/QP: | [Resources]: David Billington, Stephen Biggins (Mining Plus Ltd.;Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce Grants Lithium Deposit as the first Lithium Resource defined at it Finniss Lithium Project in the Northern Territory, with a maiden resource of 1.8Mt at 1.5% Li2O. The Grants Lithium Deposit is one of the highest grade spodumene resources in Australia, and only one of several high grade prospects already drilled by Core within its Finniss Project, which is ideally located near Darwin Port, Australia’s closest port to China. Core has also received results from a preliminary mining study at Grants. The study suggests positive outcomes from mining Grants as a DSO spodumene project. Initial metallurgical test work results for the Grant’s Pegmatite results are very encouraging, with a number of standard processing routes identified to produce a spodumene concentrate product of 6% Li2O at recoveries of 80% or better. The Finniss Lithium Project has substantial infrastructure advantages; being close to grid power, gas and rail and within easy trucking distance by sealed road to Darwin Port - Australia’s nearest port to Asia. Core also has a signed Heads of Agreement (HOA) signed with Darwin Port to support Core’s potential future use of the nearby East Arm Wharf to export lithium products from Finniss. As a result of these strong project factors, Core is now advancing its discussions with potential spodumene DSO and concentrate offtake partners to support an early development at the Finniss Project. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report