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Lithium Australia NL
Summary
| Project: | Sadisdorf | |
|---|---|---|
| Deposit: | Sadisdorf | |
| Location: | Germany | |
| Commodities: | Lithium-Tin | |
| Date: | 5/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2018: Lithium Australia NL announces an Exploration/Drilling Update report for its Sadisdorf deposit at the Sadisdorf project. Drilling results incl. 32.19m @ 0.52% Li2O. Lithium Australia NL (ASX: LIT) is pleased to announce preliminary results of i | |
| Resources: | (Resource, Inf): 25Mt @ 0.45% Li2O at Sadisdorf | |
| CP/QP: | [Overall Report]: Andrew Scogings (Not stated) | |
| ABSTRACT: | Lithium Australia NL (ASX: LIT) is pleased to announce preliminary results of its first drilling campaign at Sadisdorf. The project is a farm-in and JV with Tin International AG, a subsidiary of exchange listed Deutsche Rohstoff AG (FRA: DR0) as partner. LIT aspires to use its wholly-owned and proprietary SiLeach® hydrometallurgical lithium processing technology to unlock the lithium potential and value of historical tinpolymetallic deposits such as Sadisdorf – which is ideally located to supply the European battery and electric vehicle market – by recovering lithium from the residues of conventional tin concentration processes. The new results represent the first drilling at Sadisdorf since 1990 and follows a maiden Inferred Mineral Resource estimate of 25 Mt @ 0.45 % Li2O (0.32 % Li2O cut-off) as announced on the ASX on 7 December 2017. The now completed three hole diamond drill program was designed to confirm historic data and test the outer boundaries of the mineral resource model. | |
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