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Lithium Australia NL
Summary
| Project: | Sadisdorf | |
|---|---|---|
| Deposit: | Sadisdorf | |
| Location: | Germany | |
| Commodities: | Lithium | |
| Date: | 12/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-12-2017: Lithium Australia NL announces a Resource Estimation report for its Sadisdorf deposit at the Sadisdorf project. Initial Mineral Resource estimate at Sadisdorf. maiden lithium Mineral Resource estimate has been completed for the Sadisdorf tintun | |
| Resources: | (Resource, Inf): 25Mt @ 0.45% Li2O at Sadisdorf | |
| CP/QP: | [Resources]: Thomas Branch, Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | maiden lithium Mineral Resource estimate has been completed for the Sadisdorf tintungsten project, located in Saxony, Germany. There, Perth-based lithium explorer and processing technology developer Lithium Australia NL (ASX: LIT) is farming into a joint venture (JV) with Tin International AG (refer ASX announcement dated 25 May 2017). Consultant CSA Global has estimated an Inferred Mineral Resource of 25 million tonnes grading 0.45% Li2O (refer to Table 1 below), based on re-analysis and re-interpretation of historical drilling and underground sampling at Sadisdorf. Reporting in accordance with JORC 2012 and ASX listing rule 5.8.1 is included in Appendix A of this announcement. This result substantially enhances the potential for progressing the historical Sadisdorf tintungsten mine to a polymetallic deposit with value contributions from lithium, tin and tungsten, as well as potentially from a range of by-products (e.g. potassium sulphate fertiliser, sodium silicate) made available by virtue of LIT’s novel SiLeach® hydrometallurgical technology. Lithium is an important commodity, especially in the manufacture of batteries. According to most analysts, demand for lithium will increase significantly in line with the growing market for electric vehicles (EVs) powered by lithium-ion batteries. German auto-manufacturers are already gearing up to produce large numbers of EVs, as are many other manufacturers globally. | |
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