Critical Elements’ Flagship Project Gets Delayed By a Year

Mining Weekly reported that Critical Element’s Rose Project which was originally slated for 2015, will begin its first production in 2016 as it focuses on getting an offtake partner. The company said that the open-pit operation has an expected resource of 24.3-million tons grading 0.89% lithium oxide.

As quoted in the news article:

The company had so much confidence in its resource that it had progressed the project to a BFS after completing a preliminary economic assessment (PEA) in November 2011.

“We do not want to dilute the company too much to advance the project, that’s why we are this year focusing on offtake,” he said in a telephonic interview.

Click here to read the full Mining Weekly report.