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Pilbara Minerals Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 4/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 18-4-2017: Pilbara Minerals Ltd. announces an Exploration/Drilling Update report for its Pilgangoora deposit at the Pilgangoora project. Drilling results incl. 32m @ 1.72% Li2O, 84.47ppm Ta2O5 from 0m. Australian lithium developer, Pilbara Minerals Limite | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Holmes (Internal) | |
| ABSTRACT: | Australian lithium developer, Pilbara Minerals Limited (ASX: PLS), is pleased to provide an update on the strong progress being made on several fronts at its 100 per cent-owned Pilgangoora Lithium-Tantalum Project in in the Pilbara region of WA. Pilbara Managing Director, Ken Brinsden said the onsite preliminary works and offsite engineering, procurement, final metallurgical test work and approvals already received had continued to further de-risk the project’s development. Progress towards the completion of financing (including final offtake) combined with the Mining Proposal approval in the near-term means the project is well advanced towards a final investment decision. “We are making good progress at Pilgangoora against a backdrop of strong demand from the lithium battery industry,” Mr Brinsden said. “This is particularly the case in China, where leading industry players see Pilgangoora as an important supply solution for the market.” RC grade control drilling is being undertaken on two key pegmatite domains (D36 and D1) within the Central pit area and also at Lynas Find. The program is being undertaking by Mt Magnet Drilling Pty Ltd using a track mounted RC450 drill rig. On completion of the drilling program, the resource will be re-calculated for domains D1 and D36 before undertaking detailed variography studies. Results from these studies will be used to optimise grade control strategies prior to commencement of mining. | |
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