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Kidman Resources Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Earl Grey | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 11/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 29-11-2017: Kidman Resources Ltd. announces an Exploration/Drilling Update report for its Earl Grey deposit at the Mt Holland project. Drilling results incl. 78m @ 1.84% Li2O from 116.34m. The Board of Kidman Resources Ltd (KDR or the Company) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: M. Green (Internal) | |
| ABSTRACT: | The Board of Kidman Resources Ltd (KDR or the Company) is pleased to announce that its extensive program of infill and extensional drilling at its Integrated Lithium Project (the Project) at Mt Holland, in joint venture with Sociedad Quimica y Minera de Chile SA (SQM), continues to deliver outstanding results paving the way for a further increase in the project’s Mineral Resource confidence and inventory. The exceptional results generated from expansion and infill drilling has continued to increase the confidence in the Mineral Resource and confirms grade continuity. Additionally, the program is identifying multiple new pegmatite intercepts which require follow-up. Given the success of the drilling program, the Company expects to release an upgrade in the Earl Grey Mineral Resource during the March quarter 2018. Kidman’s Managing Director, Mr. Martin Donohue, said “The major focus of the 2017 drilling program has been to expand the already globally significant Earl Grey Mineral Resource to enhance the long-term planning for the Integrated Lithium Project. This clarity in scale provides greater confidence in the supply chain capacity of the Project for potential customers in the automotive and energy storage sectors.” “Kidman has positioned itself over the past twelve months, since the discovery of the Earl Grey deposit, to leverage the long term fundamentals in the lithium market through the dramatic shift to electric vehicles and in the renewable energy sector growth. This leverage is only getting stronger by virtue of our purposeful strategy of not entering into offtake agreements too early in the advancement of Earl Grey.” | |
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