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Global Geoscience Ltd.
Summary
| Project: | Rhyolite-Ridge | |
|---|---|---|
| Deposit: | South Basin | |
| Location: | United States | |
| Commodities: | Lithium-Boron | |
| Date: | 10/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2017: Global Geoscience Ltd. announces a Resource Estimation report for its South Basin deposit at the Rhyolite-Ridge project. High-grade lithium-boron Mineral Resource update at the South Basin. Tuesday, 31 October 2017 – Australian-based mineral e | |
| Resources: | (Resource, I+I): 459.5Mt @ 1700ppm Li, 4600ppm B at South Basin | |
| CP/QP: | [Resources]: Robert Dennis (RPM Advisory Service Pty Ltd.) | |
| ABSTRACT: | Tuesday, 31 October 2017 – Australian-based mineral explorer and developer Global Geoscience Limited (“Global” or the “Company”) (ASX: GSC) is pleased to announce an updated Mineral Resource Estimate for its 100%-owned Rhyolite Ridge Lithium-Boron Project (“Rhyolite Ridge” or the “Project”) in Nevada, USA. The Indicated and Inferred Resource for the South Basin at Rhyolite Ridge is now estimated to total 460 million tonnes at 1,700ppm lithium (equivalent to 0.9% lithium carbonate) and 0.46% boron (equivalent to 2.6% boric acid). The high-grade lithium-boron component of the Resource is estimated at 137 million tonnes at 1,800 ppm lithium (equivalent to 0.9% lithium carbonate) and 1.26% boron (equivalent to 7.2% boric acid), with 75% of the Resource in the Indicated category. This represents a doubling of the 2016 estimate of the high-grade component. The high-grade lithium-boron mineralisation is the focus of the Pre-Feasibility Study (”PFS”) as it represents potentially the highest value material combined with a low-cost, simple processing route. This is due to the low-clay, low-carbonate and high-searlesite content of the rock, which make the mineralisation amenable to low-cost acid leaching at ambient temperature and pressure. Global’s Managing Director, Bernard Rowe commented: “This updated Mineral Resource clearly demonstrates the significant scale and quality of the Rhyolite Ridge lithium-boron deposit. We are continuing to rapidly advance the project with mining studies and metallurgical test work as part of the current PFS process. | |
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