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Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) – Following the completion of Nemaska Lithium Inc.’s summer 2016 definition diamond drilling campaign (see press release of July 13, 2016), an updated mineral resource estimate has been completed by Jean-Philippe Paiement, PGeo, MSc, of SGS Canada Inc. The Mineral Resource was interpolated using ordinary Kriging and was limited inside an optimized pit shell. Following interpolation by SGS Canada Inc., the block model was submitted to Met-Chem/DRA to run pit optimization using MineSightcopyright.
Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) – Following the completion of Nemaska Lithium Inc.’s summer 2016 definition diamond drilling campaign (see press release of July 13, 2016), an updated mineral resource estimate has been completed by Jean-Philippe Paiement, PGeo, MSc, of SGS Canada Inc. The Mineral Resource was interpolated using ordinary Kriging and was limited inside an optimized pit shell. Following interpolation by SGS Canada Inc., the block model was submitted to Met-Chem/DRA to run pit optimization using MineSightcopyright. The portion of the block model located below the optimised pit shell is not included in the updated Mineral Resources. The company is currently preparing a National Instrument 43-101 format updated Feasibility Study on the Whabouchi project, which will include the updated Mineral Resource estimate. Currently, there is a National Instrument 43-101 format Feasibility report on the Whabouchi project with an effective date of April 4, 2016 (revised on June 8, 2016), that incorporates the past Mineral Resource estimate prepared by Jean-Philippe Paiement, P.Geo., M.Sc. of SGS Canada Inc. with an effective date of January 22, 2014.
The following table presents the 2016 Mineral Resources, with a comparison with the 2014 resource estimate:
2016 vs 2014 Mineral Resource Estimate (In-pit) - Whabouchi Project
2016 2016 2014 2014 Increase in
Resources Tonnage Li2O Grade Tonnage Li2O Grade tonnage
Categories (Mt)(i) (%) (Mt)(i) (%) (Mt)
Measured 15.767 1.58 12.998 1.60 2.769
Indicated 20.853 1.41 14.993 1.54 5.860
Measured +
Indicated 36.620 1.48 27.991 1.57 8.629
Inferred 7.188 1.37 4.686 1.51 2.502
Bulk density of 2.71 t/m3 is used. Effective date November 30, 2016. (i) Rounded to the nearest thousand.
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