Talison Lithium Limited (TSE:TLH) reports update and significant increase to lithium mineral resources and mineral reserves at its Greenbushes lithium operations in Western Australia.
The press release is quoted as saying:
The significant increases in the lithium Mineral Resources and Mineral Reserves are a result of the in-fill drilling program that was completed in early 2011 and the production efficiencies from the expansion of the Greenbushes Lithium Operations.
Talison’s President and CEO, Peter Oliver says:
“The improved lithium recoveries and lower unit costs from the second stage expansion of the Greenbushes Lithium Operations, as well as the lower strip ratio, has enabled Talison to substantially increase its lithium Mineral Reserves whilst maintaining an average grade significantly superior to other known lithium mineral projects. The increased lithium Mineral Reserves significantly extend the Greenbushes mine life, thereby providing customers with security of supply to meet the expected future growth in demand for lithium-ion batteries in the years ahead.”