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Dakota Minerals Ltd.
Summary
| Project: | Sepeda | |
|---|---|---|
| Deposit: | Sepeda | |
| Location: | Portugal | |
| Commodities: | Lithium-Tin | |
| Date: | 2/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 20-2-2017: Dakota Minerals Ltd. announces a Resource Estimation report for its Sepeda deposit at the Sepeda project. Initial mineral resource estimate for Sepeda project. Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to announce the c | |
| Resources: | (Resource, Inf.): 10.3Mt @ 1.00% Li2O, 0.05% Sn at project | |
| CP/QP: | [Resources]: Paul Blackney, Iain Groves (Optiro Pty Ltd.;Insight Geology Pty Ltd.) | |
| ABSTRACT: | Dakota Minerals Limited (“Dakota”, “DKO”, or “Company”) is pleased to announce the completion of the maiden Mineral Resource estimate for its 100%-owned Sepeda Lithium Project (“Sepeda”), Portugal, which has been compiled using the guidelines provided by the 2012 JORC Code. The Inferred Mineral Resource for the Romano pegmatite at Sepeda has been calculated at 10.3Mt @ 1.00% Li2O and 0.05% Sn. Sepeda now represents the largest JORC lithium Resource for a Lithium-Caesium-Tantalum (LCT) pegmatite-type deposit in Europe. It is a new discovery by the Dakota team, representing the second lithium discovery and maiden Mineral Resource defined on two continents within a year. While metallurgical test work on Sepeda mineralisation is still underway, interim results from Anzaplan indicate a low iron (0.04% Fe2O3) petalite concentrate potentially suitable for technical markets can be produced via conventional methods. Test work employing conventional roasting and hydrometallurgy methods is anticipated to be completed by April-May 2017, when the Company expects to demonstrate that chemical grade lithium carbonate can be produced at a grade suitable for the battery market in Europe. Dakota Minerals CEO David Frances commented: “Today marks a major milestone in executing our strategy to become sustainable suppliers of lithium to the European markets, with the announcement of resource capable of supporting a +10 year mine life. It is a credit to the team at Dakota that in addition to making our second lithium discovery and announcing a second maiden Mineral Resource within a year, interim metallurgical test work results indicate a low-iron concentrate potentially suitable for the technical market.” | |
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