For thousands of other reports visit RSC's Mineral Intellingence Map
Pilbara Minerals Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 8/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-8-2016: Pilbara Minerals Ltd. announces a Resource Estimation report for its Pilgangoora deposit at the Pilgangoora project. Upgraded ore reserve, 136% increase in total reserve compared to last estimate. Australian lithium developer Pilbara Minerals L | |
| Resources: | (Reserve, P+P): 69.8Mt @ 1.26% Li2O, 132ppm Ta2O5, 1.04% Fe2O3 at project | |
| CP/QP: | [Overall Report]: David Billington (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | Australian lithium developer Pilbara Minerals Ltd (ASX: PLS) is pleased to report a substantial increase in the Ore Reserves for its 100%-owned Pilgangoora Lithium-Tantalum Project in WA’s Pilbara region to 69.8 million tonnes grading 1.26% Li2O paving the way for the completion of a pivotal Definitive Feasibility Study (DFS) in September. The significant increase in the Ore Reserve (beyond that anticipated by the Company from PFS planning) has meant that additional work was required to finalise site footprints including waste dumps, Tailings Management Facility and surface water management designs. As a result, it is expected that the full details of the DFS results and financial model will be released in early September, following review by the Pilbara Minerals Board. The updated Ore Reserves, which is more than double the maiden Ore Reserve announced in the March 2016 Pre-Feasibility Study (29.5Mt at 1.3% Li2O and 134ppm Ta2O5), is based on the upgraded Mineral Resource announced in early July of 128.6 million tonnes @ 1.22% Li2O containing 1,572,000 tonnes of Li2O. The expanded resource program from February to June 2016 not only increased and upgraded the Inferred and Indicated components of the resource to expand the reserve but also substantially increased the global resource. The overall Pilgangoora Ore Reserve now comprises 883,000 tonnes of contained lithium oxide and 20.3 million pounds of contained tantalite. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report