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Koppar Resources Ltd.
Summary
| Project: | Vulcan | |
|---|---|---|
| Deposit: | Vulcan | |
| Location: | Germany | |
| Commodities: | Lithium | |
| Date: | 8/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-8-2019: Koppar Resources Ltd. announces a Resource Estimation report for its Vulcan deposit at the Vulcan project. Exploration target established for project. Koppar Resources Ltd. (“Koppar”, “the Company”) is pleased to provide the first update from i | |
| Resources: | Exploration Target: 10.73 - 36.20Mt of contained LCE at Vulcan | |
| CP/QP: | [Overall Report]: Roy Eccles, Steven Nicholls (APEX Geoscience Ltd.) | |
| ABSTRACT: | Koppar Resources Ltd. (“Koppar”, “the Company”) is pleased to provide the first update from its Vulcan Lithium Project in the Upper Rhine Valley of Germany. The Company has established a conceptual Exploration Target of 10.73 to 36.20 Mt (million tonnes) of contained LCE (Lithium Carbonate Equivalent), based on a range of lithium concentrations between 126 mg/L Li and 190 mg/L Li. The Exploration Target demonstrates the potential world-class scale of the project. The Exploration Target’s potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Vulcan Lithium Project is aiming to be Europe’s and the world’s first Zero Carbon Lithium project. It aims to do achieve this by producing battery-grade lithium hydroxide from hot sub-surface geothermal brines pumped from wells, with a renewable energy by-product, without the need for hard-rock mining. The Vulcan Lithium Project is strategically located at the heart of the European auto and lithium-ion battery manufacturing industry, just 60km from Stuttgart. The burgeoning European battery manufacturing industry is forecast to be the world’s second largest, with currently zero domestic supply of battery grade lithium products. | |
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