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European Lithium Ltd.
Summary
| Project: | Wolfsberg | |
|---|---|---|
| Deposit: | Wolfsberg | |
| Location: | Austria | |
| Commodities: | Lithium | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: European Lithium Ltd. announces a Scoping Study report for its Wolfsberg deposit at the Wolfsberg project. Independent mine design study results + exploration target. European Lithium Limited (ASX:EUR, FRA:PF8)(the Company) is pleased to report | |
| Resources: | (Resource, M+I): 6.30Mt @ 1.17% Li2O at project | |
| CP/QP: | [Overall Report]: Steve Kesler (Internal) | |
| ABSTRACT: | European Lithium Limited (ASX:EUR, FRA:PF8)(the Company) is pleased to report results from the recently completed initial mine design study at its advanced Wolfsberg Lithium Project (Wolfsberg), in Austria. The study shows that the pegmatite veins can be mined economically using long hole open stoping. Key to the effectiveness of this low cost bulk mining technique is the use of laser sensor sorting to reject the waste dilution from the run of mine, therefore, maximising the lithium grade of the process plant feed. The metallurgy test work by independent consulting engineer, Dorfner Anzaplan, confirms that the Wolfsberg ore is suitable for the production of battery grade lithium carbonate, having produced >99.9% Li2CO3 by the conventional acid bake process with impurity removal by precipitation and ion exchange with precipitation of lithium carbonate and purification via bicarbonation. Steve Kesler, CEO, commented “This preliminary mine design by SRK has shown that the pegmatite veins at Wolfsberg, can be mined economically. An essential component is the use of ore sorting to reject waste dilution. Projected costs of lithium carbonate are in the middle of the cost curve. The project becomes more attractive economically as it is expanded beyond that supported by the current JORC Code (2012) resource. Following completion of the current exploration programme and PFS we plan to undertake further drilling as part of the definitive feasibility study to upgrade the deeper resources to indicated category. The work by Dorfner Anzaplan confirms that the Wolfsberg ore is suitable for battery grade production and delivering that to the emerging lithium battery plants in Europe is our objective. Opportunities for limited fast track production of concentrate for the European glass-ceramic industry are also being evaluated”. | |
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