|To: LoneClone who wrote (15869)||5/1/2019 10:58:15 AM|
Lake Resources (ASX:LKE) New Drill Rig Advances at Cauchari
WWW: www.lakeresources.com.au Company Overview
Brisbane, May 1, 2019 AEST (ABN Newswire) - Lake Resources NL ( ASX:LKE) announced today that a second, larger diamond drill rig operated by Foraco Argentina SA has progressed drilling to a depth of 141 metres at Lake's 100% owned Cauchari Lithium Brine Project (see Figure 1, 5 in link below). Located adjacent to world-class brine projects either in production or under development, the latest drilling aims to unlock further value from this emerging project.
- New larger diamond drill rig has advanced at Lake's Cauchari Lithium Brine Project to a depth of 141 metres
- New rig is targeting a ~350-450m deep sand horizon to produce samples, with the capability to drill up to 500m
- Two rigs now operating at Cauchari targeting various depths adjacent to world-class brine projects.
The larger diamond drill rig is targeting a sand horizon estimated between 350-450 metres deep and will drill to 500 metres. Two rigs are now operational at Cauchari and reporting results from representative samples is LKE's immediate priority.
Foraco, the third largest global mineral driller, is operating concurrently with rotary rig drilling operations. The rotary rig is targeting a shallower sand horizon of between 300-350m.
Both Lake's rigs are operating ~500m from where Ganfeng/Lithium Americas is about to drill a further production hole on their adjacent leases. Lake is targeting the same sand horizons.
Lake's Managing Director Steve Promnitz said: "Lake aims to generate brine samples showing the extension of the adjoining resource, which is the largest in the world, into Lake's leases.
"Recent progress has been encouraging as we aim to advance this project as quickly as possible for the benefit of shareholders. Notably, Lake is the only junior company drilling next to a major pre-production site in the best location for lithium brines, as demonstrated by Ganfeng recently paying over US$350 million for 50% of the adjoining project."
Lake's Cauchari project is part of Lake's 100% owned lithium portfolio in the Lithium Triangle, encompassing its Kachi, Olaroz-Cauchari and Paso brine projects. Demand forecasts point to the need for an eight-fold increase in lithium supply over the next nine years and amid supply constraints, new projects such as Lake's will be essential to support the lithium-ion battery revolution in energy and transport.
To view figures, please visit:
About Lake Resources NL
Lake Resources NL ( ASX:LKE) is a lithium exploration and development company focused on developing its three lithium brine projects and hard rock project in Argentina, all owned 100%. The leases are in a prime location among the lithium sector's largest players within the Lithium Triangle, where half of the world's lithium is produced. Lake holds one of the largest lithium tenement packages in Argentina (~200,000Ha) secured in 2016 prior to a significant 'rush' by major companies. The large holdings provide the potential to provide consistent security of supply demanded by battery makers and electric vehicle manufacturers.
The Kachi project covers 69,000 ha over a salt lake south of FMC's lithium operation and near Albemarle's Antofalla project in Catamarca Province. Drilling at Kachi has confirmed a large lithium brine bearing basin over 20km long, 15km wide and 400m to 800m deep. Drilling over Kachi (currently 16 drill holes, 3100m) has produced a maiden indicated and inferred resource of 4.4 Mt LCE (Indicated 1.0Mt and Inferred 3.4Mt) within a 8-17 Mt LCE exploration target (refer ASX announcement 27 November 2018).
A direct extraction technique is being tested in partnership with Lilac Solutions, which has shown 80-90% recoveries and lithium brine concentrations in excess of 3000 mg/L lithium and is planned to be trialled on site in tandem with conventional methods as part of a PFS to follow the resource statement. Scope exists to unlock considerable value through partnerships and corporate deals in the near term.
The Olaroz-Cauchari and Paso brine projects are located adjacent to major world class brine projects either in production or being developed in the highly prospective Jujuy Province. The Olaroz-Cauchari project is located in the same basin as Orocobre's Olaroz lithium production and adjoins Ganfeng Lithium/Lithium Americas Cauchari project, with high grade lithium (600 mg/L) with high flow rates drilled immediately across the lease boundary.
Two drill rigs are currently drilling at Cauchari with results anticipated to extend the proven resources in adjoining properties into LKE's area with results anticipated from November into December 2018. This will be followed by drilling extensions to the Olaroz area in LKE's 100% owned Olaroz leases.
Significant corporate transactions continue in adjacent leases with development of Ganfeng Lithium/Lithium Americas Cauchari project with Ganfeng announcing a US$237 million for 37% of the Cauchari project previously held by SQM. Nearby projects of Lithium X were acquired via a takeover offer of C$265 million completed March 2018. The northern half of Galaxy's Sal de Vida resource was purchased for US$280 million by POSCO in June 2018. These transactions imply an acquisition cost of US$55-110 million per 1 million tonnes of lithium carbonate equivalent (LCE) in resources.
The demand for lithium continues to be strong for lithium ion batteries in electric vehicles, according to recent data from the leading independent battery minerals consultant, Benchmark Mineral Intelligence. Supply continues to be constrained suggesting good opportunities for upstream lithium companies.
|Steve Promnitz |
Lake Resources N.L.
Link: New Drill Rig Advances at Cauchari
Lithium Americas Corp
Lake Resources NL
Jiangxi Ganfeng Lithium Co Ltd
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|To: LoneClone who wrote (15870)||5/1/2019 11:23:16 AM|
|[REE] Medallion Provides Update on Process Development Projects|
May 01, 2019 06:00 ET | Source: Medallion Resources Ltd.
Medallion Top-level Process Flow Diagram
Medallion Resources Ltd.
VANCOUVER, British Columbia, May 01, 2019 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), pursuing smart production of magnet metals, today provides an update on its process development work now in progress at the Saskatchewan Research Council (SRC) and the Chemical Engineering & Applied Chemistry Department at the University of Toronto.
“These current projects will answer key questions about our waste stream and process optimization work and move us much closer to a formal economic study,” said Kurt Forrester, PhD, Medallion’s metallurgist. “We are entering into discussions with engineering groups on a study to determine capital and operating costs for our proposed monazite rare-earth processing plant.”
More about our projects
To optimize the Company’s approach to the safe and economical management of waste materials, the SRC is analysing waste streams produced from additional “crack and leach” testwork on monazite sand feedstock. Following completion of this work, the findings and samples will be shared with waste processors and disposal firms for review and guidance.To streamline process design, researchers at the University of Toronto’s Chemical Engineering & Applied Chemistry Department are generating solubility data to establish precise thermodynamic models of the phosphate conversion and caustic regeneration projects. The Company expects this work to potentially provide significant cost savings during plant operations.
“The timing of this work coincides nicely with the market interest we’re seeing in rare-earth magnet metals and in our NdPr-rich concentrate,” said Don Lay, President & CEO of Medallion. “With our recent capital raise we can move more quickly to evaluate potential plant sites in North America and work with feedstock suppliers to ensure timing and quality of monazite feedstock.”
A current top-level process flow diagram of Medallion’s can be seen here:
About Medallion Resources
Medallion is preparing for near-term production of rare-earth magnet materials in North America through the processing of by-product monazite sand—in a modern, clean, and automated process. Monazite sand is rich in rare-earth elements neodymium and praseodymium (also known as “NdPr”) which are critical input for lightweight and powerful rare-earth magnets. Rare-earth magnets are essential to Automotive and Robotics (electric motors), Defense (Missile Guidance Systems), and Clean Energy (Wind Turbines) industries. Given the dominance of China as a rare-earth producer and tense global trade relations, automakers and other industry groups are seeking non-China sources to meet increasing demands for NdPr. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and safe management of waste materials. More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.
Donald Lay, President & CEO at +1.604.681.9558 or email@example.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to the completion of additional tranche(s) of the Offering and the intended use of the proceeds. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
More articles issued by Medallion Resources Ltd. More articles related to: Calendar of Events Company Announcement Product / Services Announcement Stock Market News Technical Analysis
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|To: LoneClone who wrote (15871)||5/1/2019 11:25:34 AM|
|[REE] Appia Announces 2019 Summer Diamond Drilling and Exploration Plans for Critical Rare Earth Elements and Uranium Projects |
Toronto, Ontario--(Newsfile Corp. - May 1, 2019) - Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the "Company" or "Appia) is pleased to provide details regarding the Company's planned exploration activities for the world-class, high-grade critical rare earth elements ("REE") Alces Lake and uranium properties, Athabasca Basin area, northern Saskatchewan.
The Alces Lake Property encompasses some of the highest-grade total and critical REE mineralization in the world, hosted within seven surface showings that remain open at depth. Critical rare earth elements are defined here as those that are in short-supply and high-demand for use in permanent magnets and modern electronic applications such as electric vehicles and wind turbines (i.e: Neodymium (Nd), Praseodymium (Pr) and Dysprosium (Dy)). The Alces Lake project area is 14,334 hectares (35,420 acres) in size, and is 100% owned by Appia.
Follow-up exploration is scheduled to start in June and is planned to include;
Exploration permits for the proposed summer activities are in-hand.
- 3,000 m of diamond drilling on the Ivan/Dylan/Dante zones, Bell/Charles/Charles Lower zones, and reconnaissance drilling on select geophysical/geological targets;
- a detailed ground gravity survey exploring for high-grade REO concentrations beneath the surface, similar to the Charles Lower zone;
- follow-up prospecting and stripping overburden in and around previously identified radiometric outcrops within a large radiometric anomaly;
- airborne radiometric, magnetic and EM geophysical survey over the Forget Lake and Oldman River monazite showings, to be followed with reconnaissance prospecting of said showings; and
- continuing heavy mineral and monazite-bearing sand evaluation of the Alces Lake beach sand.
In addition, the Company is planning an airborne radiometric, magnetic and EM geophysical survey over the North Wollaston property which hosts four uraniferous surface showings with grades up to 0.495 wt% U3O8. The surface showings, and any additional radiometric anomaly identified from the airborne survey, are expected to be followed-up with ground exploration during the summer. The North Wollaston project area is 11,371 hectares (28,100 acres) in size, and is 100% owned by Appia.
The Company is waiting for drill core geochemical assay results from the Saskatchewan Research Council Geoanalytical laboratory. The results are expected within 2 to 3 weeks and will be announced after they are received and reviewed by the Company.
Appia is a Canadian publicly-traded company in the uranium and rare earth element sectors. The Company is currently focusing on delineating high-grade critical rare earth elements ("REE") and uranium on the Alces Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 63,980 hectares (158,098 acres) in Saskatchewan.
The Company also has a 100% interest in 12,545 hectares (31,000 acres), including rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario, which historically produced over 300 million pounds of U3O8 and is the only Canadian camp that has had significant rare earth element (yttrium) production.
Appia's technical team is directed by James Sykes, who has had direct and indirect involvement with over 550 million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia has 65.0 million common shares outstanding, 85.9 million shares fully diluted.
The technical content in this news release was reviewed and approved by Mr. Irvine R. Annesley, P.Geo, Advisor to the Board of Directors of Appia, and a Qualified Person as defined by National Instrument 43-101.
Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas, President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email)
James Sykes, VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email) firstname.lastname@example.org
Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email) email@example.com
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|To: LoneClone who wrote (15872)||5/8/2019 7:04:36 PM|
|Canada Cobalt Launches "Re-2OX Unlocks", Signs Deal For First Revenue Stream |
Canada Cobalt Works Inc. May 07, 2019, 08:00 ET
COQUITLAM, BC, May 7, 2019 /CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce its first revenue stream from Re-2OX, the Company's proprietary and environmentally friendly hydrometallurgical process that bypasses a traditional smelter for efficient extraction of cobalt, precious metals and base metals.
In 2018, led by adviser Dr. Ron Molnar and SGS Lakefield, Canada Cobalt became the first company in Canada's Cobalt heartland during the electric vehicle revolution to produce a battery grade Cobalt sulphate test product from its own feed (Castle mine). Much broader plans for Re-2OX are now beginning to roll out, applicable to the Castle mine and beyond, starting with the Company's "Re-2OX Unlocks" model aimed at using the proprietary Re-2OX process to help public and private companies unlock asset value through leading edge metallurgical and metal recovery solutions offered by Re-2OX. Canada Cobalt, which has initiated the patent process for Re-2OX (refer to April 30, 2019, news release), fully protects its intellectual Re-2OX property in the "Re-2OX Unlocks" program.
Marc Bamber, Canada Cobalt director, commented: "CCW's 'Re-2OX Unlocks' is a powerful merging of technology with the 2020's resource sector and the global trend toward mass electrification. It's also an excellent example of how Re-2OX is a very adaptable process, technically, and can also be used in multiple ways to leverage value for shareholders. This first agreement with Global Energy Metals puts us on a big runway of opportunity while it heightens potential for GEMC at its promising cobalt-nickel-copper battery metal properties in Nevada.
"A very active second quarter is unfolding for Canada Cobalt," Bamber continued. "Re-2OX is one of four key pillars of a very focused strategy that will also be powered by our unique underground access/Phase 2 drilling at the Castle mine, a simple but effective tailings program, and discovery potential at Castle East."
Canada Cobalt Signs Agreement with Global Energy Metals
Canada Cobalt and Global Energy Metals (TSXV: GEMC) have entered into a non-binding Memorandum of Understanding (MOU) that allows for cobalt-nickel-copper-bearing mineralized material from the GEMC's Lovelock mine and Treasure Box Property to be put through the Re-2OX Process in order to confirm efficient battery metal extraction and create a battery grade test product.
Canada Cobalt will supervise the program, protecting its intellectual property, and will be paid a $200,000 upfront first-stage Re-2OX fee, with costs related to sampling and lab work to be borne by GEMC (maximum $100,000). The companies may broaden their relationship.
Canada Cobalt will take an immediate equity position in GEMC, subscribing for 2,000,000 units at 7.5 cents per unit for a total investment of $150,000. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle Canada Cobalt to acquire one common share of GEMC at a price of 10 cents per share for a period of 36 months from the closing date, subject to an acceleration clause. The private placement is subject to the approval of the TSX Venture Exchange and securities will be subject to a four-month hold period from the time of closing.
CEO's Comment on Deal
Frank Basa, President and CEO of Canada Cobalt, stated: "We are pleased enter into a strategic relationship with the Global Energy Metals team. We have a shared objective of advancing the metallurgical understanding of GEMC's promising Nevada based battery metal assets using Re-2OX. The very adaptable Re-2OX Process has shown very high recovery rates for multiple metals and the ability to create a compound suitable for end-use in battery production."
Mitchell Smith, CEO of Global Energy Metals, stated: "While the future of EV's and other green technologies is promising, North America is highly import-reliant for those critical metals that are fueling the road to electrification. Partnering with Canada Cobalt Works and utilizing their Re-2OX Process is a crucial step in unlocking the potential Lovelock and Treasure Box provide for shareholder exposure to strategically important U.S-based battery mineral assets. Significantly, Re-2OX has allowed Canada Cobalt to become the first company in Canada's cobalt heartland to produce a battery grade cobalt sulphate test product with nickel-manganese-cobalt (NMC) formulations in their pipeline."
The technical information in this news release was prepared under the supervision of Frank J. Basa, P.Eng., Canada Cobalt's President and Chief Executive Officer, who is a member of Professional Engineers Ontario and a qualified person in accordance with National Instrument 43-101.
About Canada Cobalt Works Inc.
Canada Cobalt is focused on immediate and longer-term value drivers at its past producing Castle mine and adjoining land package in the historic Northern Ontario Silver-Cobalt district, Canada's cobalt heartland since the start of the electric vehicle revolution. The Canada Cobalt "advantage" includes underground access at Castle, an innovative tailings program with a plan to recover silver, gold and cobalt, a recently installed pilot plant to produce gravity concentrates on site, a proprietary hydrometallurgical process known as Re-2OX, and exciting exploration discovery potential at Castle East.
"Frank J. Basa"
Frank J. Basa, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Canada Cobalt Works Inc.
For further information: Frank J. Basa, P.Eng., President and CEO, 1-819-797-4144, or Wayne Cheveldayoff, Corporate Communications, firstname.lastname@example.org, 1-416-710-2410
Related Links canadacobaltworks.com
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|To: LoneClone who wrote (15873)||5/8/2019 8:37:46 PM|
ZEN Graphene Solutions Awarded $1,000,000 Grant for Graphene-Infused Concrete Applications Research
Thunder Bay, Ontario--(Newsfile Corp. - May 8, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("ZEN" or the "Company") is pleased to announce it has been awarded a $1,000,000 grant that will accelerate ZEN's graphene-enhanced concrete research and development project. The grant will potentially help the Company achieve its goal to provide innovative cement-based composite products to the Ontario market by possibly early 2020. The grantor will reimburse 50% up to a maximum of $1,000,000 spent by ZEN on relevant expenses directly related to graphite purification, graphene production research, concrete additive research and large-scale graphene-enhanced concrete testing.
ZEN is currently developing a graphene-enhanced concrete additive in collaboration with the University of Toronto and the University of British Columbia-Okanagan campus that has the potential to increase the strength of concrete by 40%. The graphene additive also has the potential to reduce the amount of concrete required in numerous concrete applications thereby contributing to greenhouse gas emission reductions by the concrete industry. In addition, the graphene additive has the potential to make concrete more durable resulting in infrastructure that will resist cracking related to freeze-thaw cycles and salt corrosion which are key attributes relevant to Canadian usage. The Company is working towards commercialization of this graphene application with a business plan to potentially provide significant volumes of graphene to the concrete industry at a competitive cost.
Dr. Francis Dubé commented: "This $1,000,000 reimbursement grant will accelerate ZEN's innovation for graphene applications through game-changing research and a vibrant collaboration between industry and academia helping to launch the next generation of products and jobs. I thank the entire ZEN team for securing this grant which validates the business plan to accelerate our graphene-enhanced concrete application towards potentially successful commercialization."
The tailings study results (see February 21, 2019 press release) were not included in the grant submission as results were not known at the time. However, the encouraging initial test results indicate that the use of Albany Graphite tailings as a partial cement replacement has additional commercial potential. Preliminary testing has indicated that as a 10% partial cement replacement, the tailings actually increased the strength of the concrete at the 56 day mark by 4.23%. The Company will continue to work to develop innovative graphene concrete additives that will benefit the construction industry and the environment.
About ZEN Graphene Solutions Ltd.
ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN's Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.
For further information:
Francis Dubé, Chief Executive Officer
Tel: +1 (289) 821-2820
To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN's SEDAR profile at www.sedar.ca.
Forward Looking Statements
This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "possibly" or "plan". These statements are based on information currently available to ZEN and ZEN provides no assurance that actual results will meet management's expectations. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although ZEN believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. ZEN disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The Company's full disclosure can be found at newsfilecorp.com
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|To: LoneClone who wrote (15874)||5/9/2019 2:16:25 PM|
|[Graphite] Lomiko Metals and Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite at the La Loutre Project|
Business WireMay 6, 2019
Drilling Map with Highlighted Results from May 2019 (Photo: Business Wire) Multimedia Gallery
VANCOUVER & MONTREAL--(BUSINESS WIRE)--
Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8C) (Lomiko or the “Company”) and Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are pleased to announce the results from four (4) new exploration diamond drill hole received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone at the La Loutre graphite project (the “Project”). A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres. Results from the remaining 16 holes will be reported as they are received and compiled. Lomiko owns 80% of the Project.
This press release features multimedia. View the full release here: businesswire.com
“We continue to see wide intercepts of graphite and new sections of very high-grade values. High grades are a more common occurrence in the Refractory Zone,” stated A. Paul Gill, CEO.
Table 1: Results of the drill holes of the 2019 drill program. The width is drill indicated core length. Insufficient data exists to determine true width at this time.
| || || || || || || || || || || || || Mineralization |
| Drill Hole # |
| || Easting (UTM) |
| || Northing (UTM) |
| || Azimuth |
| || Dip |
| || From (m) |
| || To |
| || Interval |
| || Cg % |
| LL-19-04 || || 499567 || || 5098041 || || 65.9 || || -50 || || 3.00 || || 93.00 || || 90.00 || || 2.75 || |
| LL-19-14 || || 499700 || || 5097803 || || 59.7 || || -50 || || 80.70 || || 99.00 || || 18.30 || || 4.43 || |
| LL-19-15 || || 499751 || || 5097832 || || 64.8 || || -50 || || 51.00 || || 167.90 || || 116.90 || || 4.80 || |
| || || including || || 152.70 || || 167.90 || || 15.20 || || 18.04 || |
| LL-19-16* || || 499851 || || 5097829 || || 66.5 || || -50 || || 4.10 || || 92.00 || || 87.90 || || 7.14 || |
| || including || || 70.50 || || 91.50 || || 21.00 || || 15.48 || |
| || || || 132.00 || || 160.50 || || 28.50 || || 3.86 || |
| LL-19-17 || || 499894 || || 5097804 || || 78.2 || || -50 || || 15.00 || || 62.30 || || 47.30 || || 7.56 || |
| || || including || || 51.00 || || 62.30 || || 11.30 || || 17.45 || |
| || || || || 96.00 || || 126.00 || || 30.00 || || 1.96 || |
*Results announced with the April 24, 2019 press release.
The drill campaign focuses on the Refractory Zone. An independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, prepared by B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP Mining Inc., dated March 24, 2016, was filed for the Project’s Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5% Cg. The Project also includes several untested anomalies.
On the basis of the available geophysical and 2016 drilling data, the strike length of the mineralization is estimated at 900 m in the NW-SE direction and is open in both directions. A detailed interpretation of the results will be carried out to better estimate the thickness and strike length of the mineralized zone.
The Project consists of contiguous claim blocks totaling 29 km2 situated approximately 53 km E of Imerys Carbon & Graphite, formerly known as the Timcal graphite mine, North America’s only operating graphite mine, and located 117 km NW of Montreal. The mine has reported grades of 7.46% Cg over its 22-year life.
The 2019 exploration program is managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.
Quality Assurance/Quality Control
Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the other retained in the core box as a witness sample. Duplicates and blanks were inserted at a regular interval into the sample stream.
The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS Minerals laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Cg using the C-IR18 method.
Jean-Sebastien Lavalleìe (OGQ #773), Geologist, is a shareholder of both companies, VP Exploration of QPM and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: email@example.com.
On Behalf of the Board,
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
View source version on businesswire.com: businesswire.com
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|To: LoneClone who wrote (15875)||5/10/2019 10:37:36 AM|
NovoCarbon Enters Collaboration Agreement with Versarien Graphene
May 09, 2019 08:00 ET | Source: Great Lakes Graphite Inc.
TORONTO, May 09, 2019 (GLOBE NEWSWIRE) -- Great Lakes Graphite Inc., doing business as NovoCarbon Corporation, (“GLK”, “NovoCarbon” or the “Company” TSX-V:GLK, OTCQB:GLKIF, FWB:8GL) today announces that the Company and Versarien Graphene (together, the “Companies”) have executed a collaboration agreement.
Neill Ricketts, CEO of Versarien plc said, “We are very pleased to have our dedicated facility in Houston up and running. This has enabled us to more efficiently progress a number of new and existing relationships and accelerate our traction in the US. We now have relationships with over 25 companies in North America, encompassing sectors as diverse as automotive, aerospace, consumer goods, oil and gas, sports equipment and specialty plastics."
“We continue to receive a high number of enquiries for the supply of our graphene and other 2D materials from leading US companies and others globally. Versarien is now truly operating on a global basis and I look forward to providing further updates on our activities with our multiple collaboration partners in due course.”
Patrick Abbott, VP of North American Operations at Versarien Graphene USA added, “We look forward to evaluating the synergies between our two companies and the opportunity to offer a solid impact presence into the North American marketplace."
NovoCarbon CEO Paul Ferguson said, “NovoCarbon’s mission is to enhance the ability of companies such as Versarien to serve their customers and markets with consistent, high quality materials. We are excited to be working with Versarien and their highly capable team.”
About Versarien: Versarien plc (AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has six subsidiaries operating under two divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
AAC Cyroma Limited, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products. www.aaccyroma.co.uk
Cambridge Graphene Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.com
Hard Wear and Metallic Products
Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk
Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com
About NovoCarbon Corporation: NovoCarbon is a Clean Technology Minerals Processing Company supplying customers with innovative, high quality value-added carbon products.
There is no significant graphite production in North America now. As pricing and demand continue to rise, NovoCarbon is one of the first new domestic suppliers to a growing regional customer base. We continually work to deliver products of the best quality with outstanding customer service.
The Company is party to an agreement for long-term supply of high quality natural graphite concentrate from Brazil. NovoCarbon is presently working with an established US-based processor for toll micronization services. The Company has partnered with Ashland Advanced Materials for commercial-scale purification operations at Ashland’s 110,000 square foot purification facility located in Niagara, New York.
Through our partner relationships, NovoCarbon began selling micronized synthetic graphite beginning in 2016 and now supplies micronized and high purity micronized natural flake graphite products to a growing customer base.
Further information regarding NovoCarbon can be found on the Company’s website at: www.novocarbon.com
NovoCarbon trades as GLKIF on the OTCQB market in the US and as GLK on the TSX Venture Exchange in Canada. There are currently 132,656,830 shares outstanding. The current legal name of the corporation is Great Lakes Graphite Inc., which is doing business as NovoCarbon Corporation until final approval by the shareholders and the TSX Venture Exchange.
For more information, please contact:
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Information: Certain statements in this press release may constitute "forward looking information" which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as "may', "will', "expect', "believe', "plan' and other similar terminology. Forward looking information is provided for the purpose of presenting information about management's current expectations relating to the future events and the operating performance of the Company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the Company to fulfill the orders and future orders, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Great Lakes operates. The foregoing list of factors is not exhaustive. Please see the Company's financial statements, MD&A and other documents available on www.sedar.com , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
More articles issued by Great Lakes Graphite Inc. More articles related to: Company Announcement
Versarien will qualify NovoCarbon as a supply chain partner.The Companies will develop a robust graphene supply chain with processing in the USA.The Companies will work to enable a number of applications for a variety of industries.The collaboration between Companies will afford opportunities to create a strong market presence and an improved ability to target significant technology opportunities.
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|To: LoneClone who wrote (15876)||5/10/2019 7:03:35 PM|
|Potential Tungsten Shortage Imminent: Roskill |
Georgia Williams - May 6th, 2019
Global mine production of the critical metal slipped in 2018 from 82,100 MT to 82,000 MT despite demand growing by 5 percent year-over-year.
Stricter environmental regulations in China coupled with depleting mine supply may create a tungsten deficit if new mines and projects aren’t brought online in the coming years, research firm Roskill says in a recent report.
Global mine production of the critical metal slipped in 2018 from 82,100 metric tons (MT) to 82,000 MT despite demand growing by 5 percent year-over-year.
Crackdowns on storage heaps in Jiangxi, Hunan and Fujian — China’s largest tungsten-producing regions — forced some producers offline until their projects were deemed compliant with government environmental regulations.
Ecological concerns aren’t the only issues plaguing Chinese tungsten producers. As mines mature, the quality of their output declines. If output is cut or reduced in China, there are few countries ready to ramp up production in order to offset a shortage.
“We expect Russian production to increase in the short term,” Jessica Roberts, copper and technology metals manager at Roskill, told the Investing News Network.
“Although, ultimately, many of the country’s established tungsten mines have the same issue as the older Chinese mines in that they face depleting ore grades and will likely come offline, meaning new mines will need to be developed over the next several years.”
Roberts noted that Vietnam, the second largest producer outside of China, also faces issues with its mine supply. In 2017, the country produced 6,600 MT of tungsten, but that number dropped in 2018 to 6,000 MT and is likely to not grow.
“Vietnam’s leading tungsten producer, Masan Resources, is already at full capacity and is increasingly buying in concentrate from third parties to enable it to raise output from its tungsten chemicals plant. All of this points towards new mines needing to be developed,” said Roberts.
While the uncertainty may not be beneficial for end users, it will undoubtedly be good news for the tungsten price, which hit a four year high in June 2018 of US$350 per MT unit as a result of Chinese smelters coming offline.
Following restarts in China, the price trended lower for the remainder of the year and hit US$275 in January, where it sits presently.
“The APT (ammonium paratungsten) price has been very stable in 2019 so far,” Roberts said. However, there are a number of factors that could drive the price higher for the rest of 2019.
For Roberts, some of the factors to watch include how quickly new mine projects at La Parrilla and Barruecopardo can ramp up and whether any of the APT stocks in Fanya are released to the market in 2019. In addition, a resolution to trade discussions between China and the US in the coming months is another key catalyst that could impact prices going forward.
Tungsten uses in the automotive and aerospace sectors have grown over the last few years and are expected to continue — add to this the traditional uses of the metal and it’s easy to see where a deficit may materialize.
“There is a large and stable demand base for tungsten in the tools sector — primarily for cemented carbide tools, but also other tool materials, like high-speed steels — directly related to manufacturing activity,” noted Roberts. “Machining of automotive components is a large market for tungsten-containing tools.”
Roberts foresees moderate price growth throughout 2019 if the following conditions are met.
“Assuming the new mines in Spain come online as planned and there is a positive outcome between China and the US, we would expect to see a slight increase in the APT price towards the end of Q2 and into Q3, before a decrease again in Q4 as seasonal factors come into play.”
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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|To: LoneClone who wrote (15877)||5/10/2019 7:05:01 PM|
|Vanadium: Bushveld Minerals to acquire Vanchem Vanadium Products assets |
Posted on 7th May 2019 in General News.
Bushveld Minerals has entered into an agreement with Vanchem Vanadium Products to acquire its vanadium assets in South Africa for US$68M.
Roskill view This is a positive step for Bushveld as it advances towards its publicly stated aim to become a 10ktpy vanadium producer. In the short term, it offers additional output and product diversity. With regard to the former, Vanchem is currently producing roughly 100tpm of vanadium pentoxide from stockpiles at Mapochs. Bushveld suggests that these stocks can last for one year. Regarding the latter, Vanchem (through several entities) can produce chemicals (vanadium trioxide and pentoxide) and ferrovanadium. With Bushveld already producing Nitrovan at Vametco, the company now has a broad suite of products.
In the longer term, Bushveld believes that a US$45M refurbishment could see the facility produce 4.2ktpy of vanadium. This will require more feedstock and it appears that Bushveld has earmarked its (64% owned) Mokopane project as the solution.
Mokopane is 200km away from Vanchem but has reported ore reserves of 29.8Mt from a resource of 298Mt. Plans previously involved a 1Mtpy run-of-mine operation (over 30 years) and a vanadium pentoxide plant producing on average 5.5ktpy V; however, this would have required just shy of US$300M CAPEX.
The Vanchem acquisition has likely reduced the capital requirements for Bushveld to increase its production. Bushveld notes that the lead time for development of basic crushing, mining and screening would be short and CAPEX is estimated by Alternative Resource Capital (of whom it must be noted Bushveld is a broking client) at US$20M. Thus, it is conceivable that Bushveld develops mine and plant for less than US$100M CAPEX.
Roskill’s NEW report, Vanadium: Market Outlook to 2028, was published in March 2019. Click here to download the brochure and sample pages, or to access further information.
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|To: LoneClone who wrote (15878)||5/10/2019 7:23:09 PM|
|Graphite, fluorspar, batteries: Can anode supply chain meet growth in demand? |
Posted on 10th May 2019 in General News.
With rising reagent costs and significant barriers to entry for raw material production outside of China, there remain significant concerns over the ability of the graphite supply chain to meet demand from the growing lithium-ion battery industry.
Graphite is the main key active material used in the anodes of lithium-ion batteries, accounting for around 85–90% of all anode material in 2018. Both natural flake and synthetic graphite are used in this application. Natural flake must first undergo sophisticated processing into ‘spherical graphite’ in order to purify and shape the material so that is can compete with synthetic graphite on carbon grade and to reduce the natural tendency of the flakes to expand.
China currently produces all of the world’s spherical graphite because of the country’s proximity to graphite raw materials and lower cost reagents, as well as lower labour and energy costs than the rest of the world. It has also, traditionally, seen less environmental restrictions which has allowed the development of lower cost production methods including purification with strong acids, notably hydrofluoric acid (HF). These conventional assumptions, however, are being turned on their head.
The price of Chinese HF has risen in recent years with increasing raw material costs. Although the Chinese domestic price fell through 2015 and 2016 to between US$1–1.5/kg, by mid-2017, prices had risen to US$1.5–2/kg. They remain at elevated levels in 2019, with Chinese HF shipments averaging US$1.6/kg in March 2019. There are no published prices for HF so price forecasts are created by Roskill by tracking average values of traded material and then applying tools such as regression analysis using Roskill data on historical trade prices and historical supply/demand trends. The Chinese HF market is still suffering from a lack of acidspar supplies in H1 2019 and operated at much higher utilisation rates than the habitual 50% utilisation rate that had prevailed earlier in the decade.
Meanwhile, the Chinese government is taking an increasingly strong stance on environmental protection, rolling out industry-wide plant inspections and enforced closures until companies can reach new pollution targets. Chinese flake graphite production fell by around a third in 2016 and, despite much of this capacity coming back on-line, has seen further on-going closures with a total of four major rounds of inspections between 2016 and 2017, followed by two ‘look back’ rounds in June and October 2018 to check progress. The June round affected plants in Heilongjiang and the October round plants in Shandong – the centres for flake and spherical graphite production. Further closures seem likely as China’s Ministry of Environmental Protection refuses to weaken its resolve on combating pollution and as the closures have also helped to improve efficiency and profits, especially those of state-owned enterprises.
A number of graphite companies outside of China are looking to develop their own spherical graphite production, many of which are trying to avoid the use of HF with proprietary processing methods based on thermal only techniques or a range of alternative reagents. As yet, none have been able to compete with China on a commercial scale. Many hope that consumers will be willing to pay a premium for spherical graphite produced via more environmentally conscious methods, especially companies supplying so-called ‘green technologies’ such as electric vehicles.
Syrah Resources, the largest natural flake producer outside of China, began production of un-purified spherical graphite in January and is aiming to begin purified production later this year. A number of other companies, not yet in production for natural flake, are also testing spherical graphite processing from material in their deposits and are at various stages of development, as previously reported by Roskill.
Roskill’s NEW Natural & Synthetic Graphite: Outlook to 2028 report will be published in June 2019 and provide insight into supply, demand and price trends over the next decade with focus on battery markets and the current major changes to the synthetic graphite supply chain in China.
Roskill’s NEW Lithium-ion Batteries: Outlook to 2028 report was published in April and analyses the major raw material supply chains for this rapidly growing industry.
Roskill’s Fluorspar: Global Industry, Markets and Outlook to 2022 was published in November 2018.
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