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Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF). currently plans a drilling campaign of approximately 4,000 metres with a view to confirming the eastern extension of the Doris zone, which was discovered during the campaign completed on Nov. 28, 2016 (see the Dec. 1, 2016, press release).
Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF). currently plans a drilling campaign of approximately 4,000 metres with a view to confirming the eastern extension of the Doris zone, which was discovered during the campaign completed on Nov. 28, 2016 (see the Dec. 1, 2016, press release).
This campaign should commence during March 2017 for an approximate duration of three (3) months. At that time, the Corporation will assess updating its June 2016 feasibility study for the Whabouchi Project.
“Our June 2016 feasibility study is current and suitable for our project financing needs. With the Doris Zone discovery in late fall it is prudent to consider the possible impact of its eastward continuance on the Whabouchi mining plan. We have therefore elected to confirm the continuation of the Doris Zone to the east, before incurring the necessary expenses to update the current feasibility study,” commented Guy Bourassa, President and Chief Executive Officer.
Bourassa continued, “For now then, our efforts are focused on processing the bulk sample into a 6% concentrate, delivering battery grade lithium hydroxide to Johnson Matthey Battery Materials Ltd. in Q1/17 and to delivering lithium salts samples to numerous other customers in Q2/17. To that end we have hired a Mine Manager and an Industrial Mineral Sales Director.”
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the Corporation’s lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
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