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   Gold/Mining/EnergyRare Earth Elements and Exotic Metals


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To: LoneClone who wrote (15919)5/16/2019 2:09:28 PM
From: LoneClone
   of 16417
 
Aus Tin Mining announces final regulatory approval for Taronga

roskill.com


Posted on 16th May 2019 in General News.

On 13 May, Aus Tin Mining announced that the company has now received the final regulatory approval for its Taronga Stage 1 mining operations plan from the New South Wales Department of Planning and Environment.

The company is now interested in implementing its development plan before June 2019. The recently completed private placement and the share purchase plan announced earlier this month are expected to generate funds for the initial establishment of Taronga. Major investments in the project are anticipated for the second half of 2019, to coincide with the expected sustained cashflows from the company’s Granville tin project.

Roskill view:

The Taronga tin project is among the five largest undeveloped tin reserves in the world, with a JORC resource of 57,200t of contained tin. A pre-feasibility study, completed in 2014, demonstrated that production of around 2,800tpy of contained tin is viable over a nine year project life. With both Taronga Stage 1 and Granville being developed, Aus Tin Mining is on track to add significantly to Australian tin supply in the next few years.

Roskill’s NEW Tin: Outlook to 2029 report will be published in August 2019. Click here to download the brochure or to access further information.

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To: LoneClone who wrote (15920)5/16/2019 2:13:27 PM
From: LoneClone
   of 16417
 
Titanium: ITA Europe conference points to continued strong demand

roskill.com

Posted on 16th May 2019 in General News.

Speakers at the International Titanium Association’s European conference, held 13-15th May in Vienna, reiterated the positive outlook for titanium driven principally by demand from the aerospace sector.

Thierry Viguier of engine-maker Safran noted that between 2016 and 2018 the company had achieved production rates for its LEAP engine that took 20 years to achieve for the CFM-56 and that it expects to deliver in 2019 around 1,800 LEAP engines, the Safran-built stages of which contain up to 30% more titanium than the older model.

Airbus’ Laurent Jara highlighted strong growth in passenger traffic and the requirement for 37,400 new aircraft by 2037, according to the company’s commercial market forecast which, Jara noted, was intentionally conservative. He also drew attention to Airbus’ record order-book backlog of 7,577 aircraft.

On the supply side, UKTMP’s Sylvain Gehler reported an increase in titanium sponge output in 2018 as well as an expansion of Chinese production capacity. Gehler cautioned that high feedstock prices, driven by demand from the much larger titanium dioxide pigment industry, threatened to impact the ability of producers to maintain the high levels of capacity utilisation required to meet strong future demand.

Roskill view:

As the largest single end-use for titanium, continued positive growth forecasts within the commercial aerospace market will result in both opportunities and challenges for the titanium industry. Ongoing efforts to ramp-up the production of airframes and engines has put pressure on various points of the titanium supply chain. As Bessie Williams of Arconic noted in her speech to delegates, end-market demand was not an issue for the titanium sector, but rather the ability of the supply chain to deliver the backlog.

Additionally, titanium remains a high-cost material and OEMs are keen to encourage investments and innovations to improve the efficiency of titanium supply and use, to ensure it remains a cost-effective material. Related topics discussed at the event included the development of additive manufacturing and powder production technologies, as well as titanium metal recycling operations.

Indeed, the conference further highlighted the far-reaching applications for the high-strength, lightweight metal, with industrial users supporting titanium as the “metal of choice” for various anti-corrosion applications, while its biocompatibility has made it a popular metal for medical uses such as orthopaedics. Similarly, consumer markets such as architecture and kitchenware could rapidly expand their titanium use, particularly for higher-end projects and appliances.

Roskill’s NEW Titanium Metal: Outlook to 2029 report will be published in July. Click here to download the brochure or to access further information.

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To: LoneClone who wrote (15921)5/17/2019 10:52:40 AM
From: LoneClone
   of 16417
 
Denham to support Diamond Fields’ Madagascar zircon project


miningweekly.com

17th May 2019

By: Creamer Media Reporter

TSX-V-listed Diamond Fields Resources (DFR) on Thursday unveiled a cooperation agreement with private equity firm Denham Capital’s Denham Mining Fund, which also includes an option agreement that could see the junior being carried to production at the Beravina zircon project, in Madagascar.

Denham Mining Fund’s TMH Acquisition would make an immediate payment of $250 000 to DFR and would fund the project’s 2019 work programme, which would entail $500 000 over seven months.

Once completed, TMH would have the option to acquire 100% of the project for $2-million and a 9% sales royalty. If exercised, TMH would incur all future capital and operating expenditures, while DFR would benefit in perpetuity from its right to 9% of all future mineral sales.

TMH would have to place the project into production by no later than June 30, 2023.

"We are pleased to have secured the cooperation of such a strong financial and technical partner for Beravina. We have confidence that the 2019 work programme will meet expectations and confirm the technical merits of the project. If the option is exercised, DFR will be in the enviable position of being carried through to production at no cost whilst retaining a very substantial economic stake in future sales revenue from Beravina,” said CEO Sybrand van der Spuy.

DFR’s share price fell by 10.5% on Thursday to C$0.26 a share.

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To: LoneClone who wrote (15922)5/17/2019 11:03:35 AM
From: LoneClone
   of 16417
 
Hexagon taps US as preferred location for graphite plant


miningweekly.com

17th May 2019

By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – A scoping study by ASX-listed Hexagon Resources has determined that the preferred location for a standalone graphite purification and processing plant (GPPP) to be Washington State, in the US.

The scoping study considered sites in both the US and in Western Australia, with the US site winning out based on the post-tax economics of the study.

The scoping study is based on a standalone advanced graphite processing plant which will source feedstock on an arms-length commercial basis from third party producers.

The GPPP will produce a suite of end-products comprising a dozen premium materials across battery and technical/industrial applications.

The GPPP will be developed in successive stages, starting in the first half of 2020, and initially comprising a qualification plant with the capacity to produce 1 000 t/y of products to various product specifications.

The operation would then be scaled-up to commercial scope with a rated capacity of some 20 000 t/y of products, with additional expansion resulting in the production of around 50 000 t/y of products.

The Stage 1 operation would require a capital investment of some A$27-million, with a further A$135-million required for Stage 2 and A$153-million for Stage 3.

The US-based project was estimated to have a post-tax net present value of between A$708-million and A$958-million, compared with the estimated A$594-million to A$804-million estimated for the Western Australia-based project.

The US-based operation would also have a post-tax internal rate of return of between 35% and 49%.

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To: LoneClone who wrote (15923)5/17/2019 11:22:37 AM
From: LoneClone
   of 16417
 
Bushveld's Vametco achieves record monthly vanadium production


miningweekly.com

15th May 2019

By: Creamer Media Reporter

Diversified miner Bushveld Minerals' Vametco subsidiary produced 270 t of vanadium in March – the highest monthly production rate achieved by the operation in the past 21 months.

This achievement comes on the back of improvements in mine production scheduling, vanadium grade in the kiln feed and an increase in the hourly feed rate to the kiln.

Vametco had, in the first quarter of this year, started undertaking several productivity initiatives that were identified as part of a transformation programme announced in January to enhance its production efficiency and, ultimately, achieve steady-state production of 3 400 t of vanadium in 2020.

“We ended the quarter on a very strong note, with the best monthly production output from Vametco in more than 21 months. This reflects the initial work completed under the transformation programme, announced earlier this year, which resulted in improvements in several key areas of the flow sheet, including scheduling, feed grade and overall plant recoveries.

"As the company’s revenue and earnings generator and, thus, engine for growth, it is imperative that Vametco operates to its full potential. It is for this reason that we initiated the transformation programme, designed to ensure that we maximise production throughput and minimise costs on the back of the improvements implemented by our motivated and fully engaged workforce," Bushveld Minerals CEO Fortune Mojapelo said in a statement issued on Wednesday.

Vametco's production for the first quarter reached 649 t, in line with the 657 t produced in the fourth quarter of 2018.

Guidance for the full-year has been set at 2 800 t to 2 900 t of vanadium – an increase of between 9% and 13% on production in 2018.

“This does not include any contribution from the proposed acquisition of the Vanchem plant, which we anticipate to complete as soon as July and no later than October.

“We are confident of steadily delivering on Vametco’s productivity targets and, with the recently announced conditional acquisition of the Vanchem vanadium project for $68-million, Bushveld Minerals is on a clear path to achieving its long-term capacity target of 10 000 t/y of vanadium. These initiatives will significantly enhance our competitive position in the vanadium market over the coming years,” said Mojapelo.

In addition to its vanadium interests, Bushveld Minerals also holds an interest in an integrated coal mining and power generation project in Madagascar, as well as in Aim-listed tin miner AfriTin Mining.

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To: LoneClone who wrote (15924)5/17/2019 11:46:10 AM
From: LoneClone
   of 16417
 
[Lithium/Tantalum] Galaxy makes major investment in Alliance


miningweekly.com

16th May 2019

By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Lithium miner Alliance Mineral Assets has announced plans to raise A$32.5-million through a subscription agreement with fellow-listed Galaxy Resources and with Weier Antriebe und Energietechnik GmBH, a subsidiary of Jiangxi Special Electric Motor Company.

The share placement will consist of 112.5-million share institutional placement and a 50-million conditional share placement, with A$22.5-million being raised from lithium miner Galaxy, with the balance of the placement going to Weier.

Alliance on Thursday said that the placement would providing funding to continue the upgrades to the processing facilities at the Bald Hill lithium and tantalum mine, in Western Australia, and to fund future exploration at the Bald Hill mine.

“Our focus over the past 18 months has been on delivering the Bald Hill mine to production, and we have developed a reputation for production and supply of high-quality spodumene concentrates,” said Alliance MD Mark Calderwood.

“Investment by Jiangxi and Galaxy Resources, who are both experienced participants in the lithium sector, is a recognition of, and testament to our achievements and position in the market.”

Calderwood said the placement would allow Alliance to rapidly advance both the plant upgrade and exploration activities with the aim of upgrading the resource base concurrently with the proposed increase in production rates.

Bald Hill shipped its first spodumene concentrate in May this year, following the successful commissioning and continued ramp-up of the project, which started production in March.

The A$42.2-million Bald Hill project is expected to deliver 155 000 t/y of spodumene concentrate and 260 000 lb/y of tantalum pentoxide over a mine life of 3.6 years.

Galaxy chairperson Martin Rowley said on Thursday that the company has been a minority shareholder in Alliance for some time, and welcomed the opportunity to increase its shareholding.

“Galaxy recognises that the Bald Hill mine produces high quality spodumene concentrates and that the tenements surrounding the existing Bald Hill mine operations hold substantial value potential, that may be unlocked through further targeted exploration and work on resource delineation.”

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To: LoneClone who wrote (15925)5/17/2019 11:54:09 AM
From: LoneClone
   of 16417
 
Thor Mining Reports High-Grade Lithium Results At Big Sandy Deposit

kalkinemedia.com

By
Team Kalkine
-
May 16, 2019

Thor Mining PLC ( ASX: THR) is engaged in the business of exploration and development of tungsten and copper projects in Australia and the USA. The company’s registered office is in Australia and was officially listed on ASX in September 2006.

On 16th May 2019, Thor Mining PLC updated the market about high-grade lithium results at Big Sandy Hawkstone Mining Limited. The Board of THR has commented on the drilling results at Big sandy deposit in Arizona USA by HWK. Hawkstone released results with respect to the first 19 holes of its 37-hole Phase 2 diamond drilling program at its Big Sandy lithium-clay project, which is located in Arizona USA. The company also pointed out that in the coming weeks, further results are anticipated.

THR holds 7,421,875 ordinary shares in HWK, which depicts 1.30% of Hawkstone’s issued share capital, and HWK is the 100% owner of the Big Sandy Project.

In another recent update, Thor Mining PLC reported positive interim results with respect to drilling at the Bonya tungsten deposits, near Molyhil, in Australian Northern Territory.

The company mentioned that Bonya project is operated in a joint venture with Arafura Resources Limited, wherein both the companies are contributing to the cost of the program in proportion to their project equity, where Thor Mining PLC and Arafura Resources Limited contributes 40% and 60%, respectively.

THR released a report on 7th May 2019, stating tungsten highlights from the Samarkand drilling program, which includes 15 metres @ 0.44% WO? from 19 metres from drill hole 19RC026, 8 metres @ 0.36% WO? from 38 metres from drill hole 19RC028, and 11 metres @ 0.61% WO? from 64 metres, including 2 metres @ 0.21% Cu from 69 metres from drill hole 19RC030. The same report consist of the highlights with respect to copper drill intersection, which includes 5 metres @ 0.5% Cu from 9 metres, including 2m @ 0.22% WO? from drill hole 19RC029, 12 metres @ 0.69% Cu from 22 metres from drill hole 19RC030 and 6m @ 0.97% Cu from 38 metres from drill hole 19RC032.

THR also presented highlights of Bonya Tungsten in another report published on 1st May 2019, which includes 27 metres @ 0.32% WO? from 71 metres, and 16 metres @ 0.43% Copper from 43 metres, from White Violet hole 19RC020, 12 metres @ 0.70% WO? from 35 metres and 25 metres @ 0.42% WO? from 63 metres from White Violet hole 19RC021, and 2 metres @ 0.43% WO? from 16 metres from Tashkent hole 19RC001.



The company reported its cash flow in Appendix 5B, according to which, the net cash used in operating activities stood at $0.577 million, which is comprised of $0.267 million of exploration and evaluation expenses and $0.278 million of administration and corporate costs.

The stock of Thor Mining PLC last traded at $0.014 per share with a market capitalisation of $11.44 million as on 14th May 2019. For one month, three months, six months and one year, the stock yielded returns of -6.67%, -33.33%, -46.15% and -61.11%, respectively. While on a YTD basis, the stock yielded a return of -41.67%.

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To: LoneClone who wrote (15926)5/17/2019 12:38:59 PM
From: LoneClone
   of 16417
 
Cobalt 27 Completes Acquisition of Highlands Pacific

To deliver immediate attributable nickel and cobalt production from the long-life, world-class Ramu Mine


ca.finance.yahoo.com

PR NewswireMay 17, 2019

TORONTO, May 17, 2019 /PRNewswire/ - Cobalt 27 Capital Corp. ("Cobalt 27" or the "Company") (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O), is pleased to announce the completion of the previously announced scheme of arrangement (the "Scheme") whereby Cobalt 27 acquired all of the issued and outstanding shares of Highlands Pacific Limited ("Highlands"), further building on Cobalt 27's position as a leading high-growth, diversified battery metals streaming and royalty company.

As a result of the acquisition, Cobalt 27 now holds an 8.56% joint venture interest in the producing Ramu mine ("Ramu"), a long-life, low-cost nickel-cobalt operation located near Madang on the north coast of Papua New Guinea ("PNG"). Ramu was financed, constructed and commissioned in 2012, by majority-owner and operator Metallurgical Corporation of China Limited ("MCC"), for US$2.1 billion which, at the time, was China's largest overseas mining investment. In 2018, the Ramu mine achieved record annual production of 35,355 tonnes of nickel and 3,275 tonnes of cobalt. Following repayment of Highlands' attributable construction and development loans, Cobalt 27's ownership interest in the Ramu mine, and attributable nickel and cobalt production, would increase to 11.3%.

"We are very pleased to announce the closing of the Highlands acquisition and joint venture interest in the producing Ramu nickel-cobalt mine," said Anthony Milewski, Chairman and Chief Executive Officer. "We look forward to working with owner and operator Metallurgical Corporation of China, to advance the mine to its full potential for decades to come. With the completion of this acquisition, we have significantly strengthened Cobalt 27's asset base and are well positioned to deliver long-term shareholder value."

Scheme of Arrangement
Under the terms of the Scheme, Cobalt 27 acquired all of the issued and outstanding ordinary shares of Highlands that it did not already own (the "Scheme Shares") for an all-cash offer price of A$0.105 per share (the "Base Purchase Price"). In addition, if before December 31, 2019, the London Metal Exchange official closing cash settlement price for nickel is US$13,220 per tonne or higher for a period of 5 consecutive trading days, Cobalt 27 will also pay additional contingent consideration of A$0.010 per Scheme Share in cash (the "Contingent Purchase Price"). The Base Purchase Price consideration offered for all of the Scheme Shares is valued at approximately US$64 million which was funded with available cash and credit. The Contingent Purchase Price consideration of US$6 million will be held in escrow and funded with available credit. Cobalt 27 anticipates closing the PanAust buyback agreement, which results in the transfer of Highlands Frieda River joint venture interest to PanAust, shortly after closing which will result in the return of approximately US$9.4 million of the Base Purchase Price. Highlands' common shares were suspended from trading on the Australian Securities Exchange ("ASX") and the Port Moresby Stock Exchange ("POMSoX") on May 3, 2019, pending removal from the official list of the ASX and POMSoX, scheduled for May 20, 2019.

About Cobalt 27 Capital Corp.
Cobalt 27 Capital Corp. is a leading battery metals streaming company offering exposure to metals integral to key technologies of the electric vehicle and energy storage markets. The Company owns physical cobalt and a 32.6% Cobalt Stream on Vale's world-class Voisey's Bay mine,? beginning in 2021. Cobalt 27 holds an 8.56% joint venture interest in the long-life, world-class Ramu Mine which is expected to deliver immediate attributable nickel and cobalt production. The Company also manages a portfolio of 11 royalties and intends to continue to invest in a cobalt and nickel focused portfolio of streams, royalties and direct interests in mineral properties containing battery metals.

For further information please visit the Company website at www.cobalt27.com or contact:

Betty Joy LeBlanc, BA, MBA
Director, Corporate Communications
+1-604-828-0999
betty@cobalt27.com

Forward-Looking Information
This news release contains certain information which constitutes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation: statements pertaining to the benefits to the Company of the acquisition of Highlands and the future performance of Ramu; statements pertaining to the repayment of Highlands' attributable construction and development loans; statements pertaining to the completion of the PanAust buyback agreement; and statements pertaining to the payment of the Contingent Purchase Price. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company's control. For more details on these and other risk factors see the Company's most recent Annual Information Form on file with Canadian securities regulatory authorities on SEDAR at www.sedar.com under the heading "Risk Factors". Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on these forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.



Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/cobalt-27-completes-acquisition-of-highlands-pacific-300852383.html

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To: LoneClone who wrote (15927)5/21/2019 10:08:26 AM
From: LoneClone
   of 16417
 
[Lithium]

Lake Resources (ASX:LKE) International Engineering Firm Appointed for Kachi

abnnewswire.net

WWW: www.lakeresources.com.au Company Overview

Brisbane, May 21, 2019 AEST (ABN Newswire) - Lake Resources NL ( ASX:LKE) announced today that international engineering company, Hatch Pty. Ltd. (Hatch), has been engaged to provide engineering and design services for Lake's flagship Kachi Lithium Brine Project in Argentina. This will give the Company's 100% owned flagship project a further boost as it targets rapid, low-cost lithium production with minimal environmental impact.

- International engineering firm, Hatch, appointed to provide engineering and design services for Lake's Kachi Lithium Brine Project, Argentina.

- Hatch has substantial lithium sector experience, including South American brine projects and is familiar with direct extraction processes and Lake partner Lilac Solutions' ion exchange technology.

- Lake is examining the project's technical and economic viability, including potential for significant cost reductions and superior recoveries based on direct extraction compared to evaporation ponds as part of the Pre-Feasibility Study (PFS) underway at Kachi.

- The Kachi project is ranked amongst the top 10 global lithium brine resources(see Note 1 below), with a Phase 1 Engineering Study(see Note 2 below) showing the potential for production costs to be in the lowest cost quartile, with high recoveries (85-90%) and lithium brine concentrations in excess of 25,000 mg/L lithium.

- Currently in discussions with parties regarding production development funding for Kachi.

Lake is currently undertaking a pre-feasibility study (PFS) at the Kachi project including reviewing and assessing the project's technical and economic viability, including both conventional processing and direct extraction methods, project engineering design, product specifications, optimisation of recovery, and operating and capital costs. Hatch will provide input into this process.

Significant cost reductions (projected to be within the lowest quartile cash costs) and superior recoveries are expected to be demonstrated on site for the direct extraction process offered by Lake's partner, U.S.-based Lilac Solutions, compared to traditional evaporation ponds used in South American brine projects.

As part of the project's development, design and engineering work has commenced on a pilot plant to be built on-site to further assess Lilac's ion exchange technology (refer ASX announcement 7 May 2019). The design and engineering phase is expected to take three months, followed by an estimated three months of construction, with planned delivery of the plant and commissioning in late 2019.

Lake is currently in discussions with a number of parties regarding production development funding for the Kachi project that will assist with financing the definitive feasibility study that is likely to follow from the PFS.

Lake's 100% owned Kachi project is considered one of the Top 10 largest lithium brine resources globally(see Note 1 below). It is located in a highly prospective area for lithium brine, being situated south of Livent/FMC's lithium production centre, which has been operating for more than 20 years, and near Albemarle's Antofalla project in Catamarca Province.

The region has been subject to significant corporate transactions recently involving lithium brine assets, implying an acquisition cost of US$50-$110 million per 1 million tonnes of LCE resources.

Lake recently announced a maiden resource for Kachi of 4.4 million tonnes lithium carbonate equivalent (LCE) (Indicated 1.0Mt and Inferred 3.4Mt) within a much larger exploration target (refer ASX announcement 27 November 2018). This occurs within consolidated mining leases which covers almost the entire salt lake (69,000 hectares).

Lilac's extraction technology also offers the potential for reduced environmental impact compared to traditional processes used in Argentina, due to the removal of evaporation ponds.

Commenting on the latest update, Lake's Managing Director Steve Promnitz said: "The appointment of an experienced international engineering firm for Kachi is another important milestone, not only for our flagship project, but also for the high-productivity, high purity process offered by Lilac's direct extraction technology. Hatch has substantial experience in the lithium sector, including in South America and with direct extraction processes.

"Our aim is to produce a PFS that clearly shows that Kachi can be a technically viable and commercially profitable operation that delivers superior recoveries and returns from direct extraction methods, in the lowest quartile of cash costs globally, amid rising competition for large proven lithium resources.

"Meanwhile, drilling is progressing well at Cauchari and we are witnessing encouraging signs with early samples for this project, which is located next to some of the Lithium Triangle's largest near-term production.

"Lake is exceptionally well-placed to deliver considerable value in the near-term as we progress our key projects towards production in an environment of rising global demand for lithium, increasing merger and acquisition activity and constrained lithium supply."

About Hatch

Hatch- "Tackling the tough issues to drive positive change"; "Entrepreneurs with a technical soul."

Hatch is committed to the pursuit of a better world and to develop better ideas with partners that are smarter, more efficient, and innovative, with over six decades of experience. A global network of 9,000 professionals work on the world's toughest challenges over 150 countries around the world in the metals, energy, infrastructure, digital, and investments market sectors.

Hatch is employee-owned and independent with diverse teams that combine vast engineering and business knowledge, working in partnership with clients to manage and optimize production, develop new game-changing technologies, and design and deliver complex capital projects.

Hatch works closely with communities to ensure that the solutions optimize environmental protection, economic prosperity, social justice, and cultural vibrancy. Hatch believes in long-term relationships with their partners, and are committed to their clients' lasting success.

Notes:

1: Kachi Mineral Resource Statement in ASX market release titled "Large Maiden 4.4mt LCE Resource Estimate for Kachi Project" on 27 November 2018.

2: Phase 1 Engineering Study in ASX market release titled "Lilac Extraction Process Shows Potential For High Lithium Recoveries At Lowest Quartile Costs At Kachi" on 10 December 2018.

To view figures, please visit:
abnnewswire.net

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.





Contact

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au

Link: International Engineering Firm appointed for Kachi






Related Companies

Lake Resources NL

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To: LoneClone who wrote (15928)5/21/2019 11:05:17 AM
From: LoneClone
   of 16417
 
Lynas plans rare earth plant in Texas


miningweekly.com

20th May 2019

By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Rare earths miner Lynas has signed a memorandum of understanding (MoU) with US-based Blue Line to develop rare earth separation capacity in the US.

Under an MoU, the two companies would exclusively work together on the proposed development of a rare earth separation facility at the Blue Line site in Texas.

Initially, the joint venture (JV) would focus on heavy rare earth separation, but could also include light rare earth separation.

“This is an exciting opportunity to develop local separation capacity for our customers in the US and to close a critical supply chain gap for US manufacturers,” said Lynas CEO and MD Amanda Lacaze.

“We already have an excellent commercial partnership with Blue Line serving key North American customers and we are looking forward to working closely with Blue Line over the next 12 months as we develop this JV.”

The JV would be the only large-scale production of separated medium and heavy rare earth products in the world, outside of China.

Blue Line president and CEO Jon Blumenthal said on Monday that the company would be working with Lynas to provide a secure source of rare earth materials to both US and international markets using Blue Line’s technical expertise to produce raw materials for uses in green and other high-tech industries.

Blue Line owns a large industrial site in Hondo, Texas, which is thought to be ideal for the rare earth separation plant. Several major items of equipment, including tunnel furnaces, are already in place at the facility.

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