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Lithium Australia NL
Summary
| Project: | Youanmi Complex | |
|---|---|---|
| Deposit: | Youanmi Complex | |
| Location: | Australia | |
| Commodities: | Vanadium | |
| Date: | 5/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-5-2019: Lithium Australia NL announces a Resource Estimation report for its Youanmi Complex deposit at the Youanmi Complex project. Initial mineral resource estimate at the project. The Inferred Mineral Resource at Youanmi has been estimated at 185 Mt | |
| Resources: | (Resource, Inf.): 185Mt @ 0.33% V2O5 | |
| CP/QP: | [Resources]: John Doepel (Independent) | |
| ABSTRACT: | The Inferred Mineral Resource at Youanmi has been estimated at 185 Mt at 0.33% V2O5 using a cut-off grade of 0.2% V2O5. It comprises oxide resources of 96 Mt at 0.34% V2O5 and fresh resources of 88 Mt at 0.33% V2O5. It is located within E57/978, held by Diversity Resources Pty Ltd, over which Lithium Australia has an option to purchase, as announced on 11 December 2018. The Mineral Resource estimate was completed by Company consultant John Doepel, based upon open file drilling data from 1999 (drill collars are shown within the blue outlined tenement boundary in Figure 1 below). | |
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