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Infinity Lithium Corporation Ltd.
Summary
| Project: | San Jose | |
|---|---|---|
| Deposit: | San Jose | |
| Location: | Spain | |
| Commodities: | Lithium | |
| Date: | 5/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-5-2018: Infinity Lithium Corporation Ltd. announces a Resource Estimation report for its San Jose deposit at the San Jose project. Updated mineral resource estimate at San Jose. Infinity Lithium Corporation Limited (“Infinity” or “the Company”) is plea | |
| Resources: | (Resource, I+I): 111.3Mt @ 0.61% Li2O, 206ppm Sn | |
| CP/QP: | [Resources]: Patrick Adams (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Infinity Lithium Corporation Limited (“Infinity” or “the Company”) is pleased to announce improvements in the quality and confidence levels of the JORC mineral resource estimate for the San Jose lithium deposit as well as positive geotechnical results. These changes are based on technical work completed to date in 2018 and support the Feasibility Study underway at San Jose. Infinity in conjunction with its partner, Valoriza Mineria S.A, (Valoriza) a wholly owned subsidiary of large Spanish construction and engineering company Sacyr S.A propose to construct a production plant at San Jose which is expected to produce 15,000 tonnes per year of battery-grade lithium carbonate from material mined and processed on site. A Scoping Study outlining the supporting information and robust economic outcomes was released on the ASX on 18 October 2017. This was part of the process enabling Infinity to earn an initial 50% of the San Jose Project under the joint venture agreement with our project partners Valoriza. Infinity is progressing towards 75% ownership. A JORC mineral resource estimate update was published later in 2017 (ASX release dated 5 December 2017) based on additional drilling. Subsequently a small scale diamond drilling programme was conducted in 2018 and was targeted using iterative feedback from open pit optimisations at San Jose. This is part of the ongoing feasibility studies involving detailed optimisations and | |
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