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Canada Lithium Will Produce Hard-Rock Lithium in March 2013
Kevin Michael Grace
October 24, 2012 - Peter Secker has been vindicated. The President/CEO of Canada Lithium Corp T.CLQ has seen his once-shaky Quebec Lithium Project proved viable. And this has in turn proved the viability of an alternative to brine lithium. “Up until now,” he says, “they had always said that hard-rock lithium was not economic. So it’s very interesting to see Rockwood just paid $724 millionto buy a hard-rock producer in Australia. So that must mean it’s not as bad as everybody said it was.”
The Quebec Lithium Project, scheduled to begin production March 2013, comprises 405 hectares 60 kilometres north of Val d’Or. According to an October 11 feasibility study, it contains (at a 0.8% lithium oxide cutoff) 33.2 million tonnes grading 1.19% measured and indicated and 13.8 million tonnes grading 1.21% inferred.
Read more about Canada Lithium and their Quebec play here.