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Plymouth Minerals Ltd.
Summary
| Project: | San Jose | |
|---|---|---|
| Deposit: | San Jose | |
| Location: | Spain | |
| Commodities: | Lithium-Tin | |
| Date: | 12/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2017: Plymouth Minerals Ltd. announces a Resource Estimation report for its San Jose deposit at the San Jose project. Mineral resource update increases indicated tonnes by 140%. Plymouth Minerals Limited (ASX: PLH) (Plymouth or the Company) is please | |
| Resources: | (Resource, I+I): 112Mt @ 0.28% Li, 0.61% Li2o, 0.02% Sn at project | |
| CP/QP: | [Resources]: Patrick Adams (Cube Consulting Pty ltd.) | |
| ABSTRACT: | Plymouth Minerals Limited (ASX: PLH) (Plymouth or the Company) is pleased to announce in accordance with the JORC Code an updated lithium-tin Mineral Resource at the San Jose Lithium-Tin Project (San Jose) in Spain. Lithium (Li) at San Jose is hosted in mica minerals with tin (Sn) hosted in associated quartz. The lithium micas at San Jose are hosted in a massive replacement style deposit, with cross-cutting tin-bearing quartz veins. This is a common lithium deposit style as seen in several other large lithium-tin deposits in Europe which are historic lithium producers. Lithium-bearing micas are an established source of lithium which is able to be directly converted to lithium carbonate (LC) on site, bypassing the requirement to trade in concentrate with off-site convertors. San Jose is open along strike and at depth and is only constrained by drilling. Plymouth and its 50/50 Spanish Joint Venture partner, Valoriza Mineria (VM), intend to produce battery grade lithium carbonate (LC) on site. VM is a subsidiary of +A$ billion market capitalisation, construction and engineering company Sacyr S.A. Europe’s only commercial lithium production is currently sourced from Spain and Portugal. A positive Scoping Study on San Jose was recently released (ASX release 18th October 2017). The study refreshed a historic, pre-JORC Feasibility Study produced by Tolsa S.A. This Feasibility Study returned a positive result covering the production of lithium carbonate on site using open pit mining and the same proven process technology. Plymouth is now highly advanced and very well placed to upgrade this study to a JORC Feasibility Study which can be completed by late 2018 | |
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