li2o

Rock Tech Files Revised Technical Report on SEDAR

 

(TheNewswire)

   

Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV:RCK ) (OTC:RCKTF) ( Frankfurt:RJIB) announces that, further to previous news releases on November 4, December 10 and December 18, 2020, the Company has filed a revised Technical Report on SEDAR

 

The Technical Report titled, "Preliminary Economic Assessment for an Integrated Lithium Hydroxide Operation from the Georgia Lake Lithium Project, Northwest Ontario, Canada" has an effective date of March 15, 2021, and is a revision of the Technical Report, with an effective date of October 30, 2020, previously filed on November 9, 2020.

 

A comparison of the March 15, 2021, Preliminary Economic Assessment ("PEA") and the previously filed Technical Report is presented in the following table:

 

                                      
  

Technical Reports

 
  

October 30, 2020

 
 

March 15, 2021

 
 

Resource Estimate:

 
  
 

Measured Resources

 
 

  1.89 MT @ 1.04% Li2O  

 
 

2.31 MT @ 1.04% Li2O

 
 

Indicated Resources

 
 

4.68 MT @ 1.00% Li2O

 
 

  4.31 MT @ 0.99% Li2O  

 
 

  M+I Resources  

 
 

6.57 MT @ 1.01% Li2O

 
 

6.62 MT @ 1.01% Li2O

 
 

Inferred Resources

 
 

6.72 MT @ 1.16% Li2O

 
 

6.68 MT @ 1.16% Li2O

 
 

Preliminary Economic Assessment:

 
  
 

  Operating expenses (USD/tonne LiOH)  

 
 

$5,956

 
 

$6,266

 
 

  IRR (%)  

 
 

24.2%

 
 

21.9%

 
 

  IRR (% - after tax)  

 
 

21.7%

 
 

19.6%

 
 

  NPV (USD)  

 
 

$335m

 
 

$289m

 
 

  NPV (USD - after tax)  

 
 

$270m

 
 

$230m

 
 

  
  The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.  

 

  As part of the revised PEA, P&E Mining Consultants Inc. ("P&E") recommended and reviewed contemporary approaches to geostatistical Mineral Resource classification, the compliant cut-off grade determination from PEA parameters, recommended flatter open pit slopes and executable mine designs, and suggested minor modifications to the process plant flowsheet. These changes resulted in modest increases in both the confidence of the Mineral Resource at Georgia Lake and the estimated operating expenses per tonne of lithium hydroxide. While the revised operating expenses demonstrate the potential for Georgia Lake to be among the lowest cost producers of lithium hydroxide, the Company plans further optimization work as part of the planned Pre-Feasibility Study ("PFS") and is optimistic further improvements in operating expenses can be achieved.  

 

  The scientific and technical disclosure included in this news release has been reviewed and approved by Eugene Puritch, P.Eng, FEC, CET president of P&E and an independent Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects ("NI 43-101").  

 

On behalf of the Board of Directors,

 

  "Dirk Harbecke "  
Dirk Harbecke
Chairman of the Board of Directors

 

  For further information, please contact:  

 

Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc. 
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com

 

  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward    looking statements".  Forward    looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions.  The Company cautions readers that forward    looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward    looking statements.  

 

Copyright (c) 2021 TheNewswire - All rights reserved.

 

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Brunswick Exploration Has Now Identified Four Major New Dykes in 2025 at Mirage

Brunswick Exploration Has Now Identified Four Major New Dykes in 2025 at Mirage

 

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the final set of results obtained as part of the 2025 Winter drill campaign conducted on its Mirage Project. The Mirage Project is located in the Eeyou Istchee–James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. This press release primarily focuses on the drilling work carried out in the eastern extension of the MR-6 dyke and the "Stacked Dyke" zone.

 

  Highlights include:  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Confirms Significant Oxide Layering in the Northwest of the 100% owned Radar Titanium Project in Labrador, Canada

SAGA Metals Confirms Significant Oxide Layering in the Northwest of the 100% owned Radar Titanium Project in Labrador, Canada

 

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA's geophysics team has confirmed significant oxide mineralization in the northwest section of the 100% owned Radar Titanium Property (the "Property) over the site previously drilled back in 1996.

 

  Northwest Zone, Radar Property  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lithium Universe Ltd  Interview with Executive Chairman

Lithium Universe Ltd Interview with Executive Chairman

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

- Discussions with potential spodumene feedstock offtakers ongoing

- Further talks with potential OEMs on battery grade lithium carbonate offtake

- All work completed on Becancour Lithium Project - waiting for lithium market recovery

- Acquisition of global rights photovoltaic (PV) solar panel recycling technology

- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×