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Pilbara Minerals Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 12/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-12-2017: Pilbara Minerals Ltd. announces an Exploration/Drilling Update report for its Pilgangoora deposit at the Pilgangoora project. Drilling results incl. 27m @ 1.68% Li2O, 71ppm Ta2O5 from 258m. Australian lithium developer Pilbara Minerals Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Holmes (Internal) | |
| ABSTRACT: | Australian lithium developer Pilbara Minerals Limited (ASX: PLS) (“Pilbara Minerals” or “the Company”) is pleased to report final results from the recently completed 2017 exploration and resource extension drilling programs at its 100%-owned Pilgangoora Lithium-Tantalum Project in Western Australia. The results continue to demonstrate the world-class endowment of the Pilgangoora deposit and provide strong support for the ongoing Stage 2 Definitive Feasibility Study (“DFS”). New zones of high-grade pegmatite mineralisation have been defined across multiple prospects, with thick zones of high-grade mineralisation also intersected outside of the current Mineral Resource at the Central Zone and Monster deposit. Results from the program will be incorporated into an updated Mineral Resource estimate scheduled for completion in Q1 2018. Additional in-fill RC drilling is scheduled to commence in January 2018. Studies are underway to increase production capacity of the Pilgangoora Project to 5Mtpa, rather than 4Mtpa as originally contemplated, once operations have commenced early next year at the initial targeted production rate of 2Mtpa (approximately 330,000tpa of spodumene concentrate per annum). Pilbara Minerals’ Managing Director and CEO, Ken Brinsden, said the results marked the completion of another highly successful exploration field season at Pilgangoora in 2017. “The resource growth at Pilgangoora in the past three years has been nothing short of remarkable and continues to demonstrate that this is a Tier-1 hard rock lithium-tantalum deposit which is yet to reach its full potential,” he said. | |
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