The Conversation (0)
Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’), through wholly owned subsidiary Extremadura New Energies, is pleased to announce the Regional Government of Extremadura’s General Directorate for Sustainability has reinforced the advancement of the San José Lithium Project (‘San José’, or ‘the Project’) permitting process through the finalisation of the Environmental Impact Assessment Scoping Document (‘EIA Scoping Document’, or ‘Initial Document’). The delivery of the EIA Scoping Document follows the recent granting of the Exploration Permit Extremadura S.E. (‘PESE’) (see ASX Announcement 29 March 2023).
HIGHLIGHTS
- Infinity receives government response to Environmental Impact Assessment (‘EIA’) Scoping Document.
- The response streamlines the process for completion and lodgement of the mining license application and environmental impact assessment submission.
- EIA Scoping Document establishes the preliminary conditions for San José to be compatible with environmental and urbanistic license requirements.
- The EIA Scoping Document has resulted from the collaborative process with regional and local government and other interested parties to the Project.
- Key findings will be included in the mining license and environmental authorisation submission.
- The finalisation of the EIA Scoping Document follows the recent granting of Exploration Permit Extremadura S.E and reinforces the Company’s administrative process and permitting strategy.
- Permitting milestones reinforce government and stakeholder commitment to the Project.
The report received from the Regional Government Administration establishes the preliminary conditions for San José to be compatible with environmental and urbanistic license requirements through the recommendations for inclusion in the submission of the Company’s mining license and environmental authorisation submissions.
Furthermore, the technical document clarifies the conditions to be met for the preferred location of the lithium chemical conversion plant and portal for mineral resource exploitation. The collaborative process assesses all options for the final location of the lithium chemical conversion plant and reinforce the conditions to locate the plant in the proximity of the location previous referred to as “Option A” (refer to Figure 1).
The Company will continue to now advance the mining licence and environmental assessment submissions through the Exploitation Concession Application (‘ECA’). Infinity has already commenced works to incorporate the requirements from the EIA Scoping Document into the final Project concession application facilitated through the collaborative process with regional and local government authorities.
Ramón Jiménez, CEO of Extremadura New Energies commented"The collaboration with regional and local authorities following the submission of the Environmental Impact Assessment Scoping Document last year has provided invaluable information and criteria to advance to the formal project submission. This follows from the granting of the key Exploration Permit which provides the administrative platform, with existing granted permits, a process that is clear and transparent for all interested parties for the project. San José is critically important for the locality of Cáceres and region of Extremadura and it is essential that we incorporate all environmental and social license requirements to continue to harness the support of the community.”
Figure 1: Option for Lithium Chemical Conversion Plant
Extremadura New Energies values the response of the Regional Government Administration to the EIA Scoping Document which has served as a collaborative initiation document to progress the Project in advance of the final mining licence and environmental assessment submission. The technicians of the Directorate General for Sustainability have compiled the comments and recommendations of other administrations and interested parties that were consulted as part of the process in addition to the Administration’s findings in the EIA Scoping Document.
The finalisation of the EIA Scoping Document reinforces the administrative process and permitting strategy designed by Extremadura New Energies, which continues to progress on schedule.
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This article includes content from Infinity Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
INF:AU
High grade Massive Sulphide Intercepts Confirmed at Oval
HIGHLIGHTS:
- OVD027 confirms the continution of high grade massive sulphide from OVD0211 with an intercept of 6.1 metres of 4.16% Cu, 3.51% Ni, 0.G3g/t E3, and 0.13% Co from G8.2 metres encountered between broader high grade zones of:
- A dense disseminated intercept - 26.2 metres of 0.44% Cu, 0.52% Ni, 0.12g/t E3, and 0.03% Co from 72.0 metres and
- A net textured intercept - 15.3 metres of 1.15% Cu, 0.79% Ni, 0.35g/t E3, and 0.04% Co from 104.3 metres;
- A high grade broad intersection is confirmed at the central part of the Oval area by OVD026. It includes a massive sulphide intercept in hole OVD026 of 1.8 metres of 3.21% Cu, 3.32% Ni, 0.6Gg/t E3, and 0.14% Co from 105.0 metres within broader mineralisation of:
- 19.8 metres of 1.23% Cu, 0.98% Ni, 0.36g/t E3, and 0.05% Co from 91.2 metres.
OVD026 is located 100 metres northwest of the previously announced 8.8 metres of massive sulphide identified in drillhole OVD021.
On completion of the Phase 2 exploration work and receipt of all assays, Managing Director Gan-Ochir Zunduisuren, commented:“The 2024 Phase 1 and 2 drilling and exploration programs have confirmed the broad presence of high-grade mineralisation in the Oval gabbroic intrusion. The grades intercepted in some of the drillholes are exceptional and may be indicative of broader potential over a larger area, given Oval is a greenfields discovery.
The 2025 exploration program will focus on obtaining information on the size/metal content potential of the Oval Cu-Ni-PGE mineral system as well as targeting the possible deeper magmatic sources at Oval. Broader exploration is also planned at potential extensions of Oval and nearby look-a-like prospects. We look forward to updating shareholders on progress, with drilling expected to commence in around 8 weeks”.
Summary of Phase 2 exploration drilling at Oval Cu-Ni-PGE project
The Company’s recent drilling work has predominantly focused on finding high-grade mineralisation in the olivine-amphibole gabbro at the Oval project. The multiple intercepts of massive sulphide mineralisation with different ratios of metal contents throughout the Oval gabbroic intrusion is highly encouraging for the presence of one or more deeper sources of high grade mineralisation in the opinion of ABM.
Figure 1. Plan view of drillhole locations on high resolution magnetics map (RTP)
Drillhole OVD02c
Drillhole OVD026 was designed to test the Down-Hole Electromagnetic (DHEM) conductor plate identified as OVD007_L2_B (reinterpretation of OVD007_L2_A2 by Southern Geoscience Consultants), which exhibits a conductance of 1,000 siemens. The drilling intersected a total of 1G.8 metres of mineralisation with 1.23% Cu, 0.G8% Ni, 0.36g/t E3, and 0.05% Co from G1.2 metres including;
- 4.8 metres of @ 0.45% Cu, 0.43% of Ni, 0.14g/t E3, and 0.02% Co of dense disseminated mineralised gabbro from 91.2 metres,
- 6.6 metres of @ 1.56% Cu, 0.G0% Ni, 0.50g/t E3, and 0.04% Co of net textured mineralisation from G6.0 metres,
- 2.4 metres of @ 1.52% Cu, 1.3G% Ni, 0.43g/t E3, and 0.07% Co of semi massive sulphide mineralisation from 102.6 metres,
- 1.8 metres of @ 3.21% Cu, 3.32% Ni, 0.6Gg/t E3, and 0.14% Co of massive sulphide mineralisation from 105.0 metres, and
- 4.2 metres of @ 0.57% Cu, 0.45% of Ni, 0.21g/t E3, and 0.02% Co of dense disseminated mineralised gabbro from 106.9 metres (Table 1 provides a detailed breakdown of mineralisation intervals).
OVD026 is located in the Oval area, which is approximately 100 metres northwest of the previous intersection identified in drillhole OVD0213. This intercept may represent an extension of the known massive sulphide mineralisation in the Oval area and highlights the potential for further expansion of massive sulphide zones within the broader prospect area (Figures 1 and 3).
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This article includes content from Asian Battery Metals PLC, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
