Second, Larger Diamond Drill Rig Advances at Lake Resources’ Cauchari Lithium Brine Project

Lake Resources NL (ASX: LKE) announced today that a second, larger diamond drill rig operated by Foraco Argentina SA has progressed drilling to a depth of 141 metres at Lake’s 100% owned Cauchari Lithium Brine Project

  • New larger diamond drill rig has advanced at Lake’s Cauchari Lithium Brine Project to a depth of 141 metres
  • New rig is targeting a ~350-450m deep sand horizon to produce samples, with the capability to drill up to 500m
  • Two rigs now operating at Cauchari targeting various depths adjacent to world-class brine
    projects.

Lake Resources NL (ASX:LKE) announced today that a second, larger diamond drill rig operated by Foraco Argentina SA has progressed drilling to a depth of 141 metres at Lake’s 100% owned Cauchari Lithium Brine Project (Figure 1, 5). Located adjacent to world-class brine projects either in production or under development, the latest drilling aims to unlock further value from this emerging project.

The larger diamond drill rig is targeting a sand horizon estimated between 350-450 metres deep and will drill to 500 metres. Two rigs are now operational at Cauchari and reporting results from representative samples is LKE’s immediate priority.

Foraco, the third largest global mineral driller, is operating concurrently with rotary rig drilling operations. The rotary rig is targeting a shallower sand horizon of between 300-350m.

Both Lake’s rigs are operating ~500m from where Ganfeng/Lithium Americas is about to drill a further production hole on their adjacent leases. Lake is targeting the same sand horizons.

Lake’s Managing Director Steve Promnitz said: “Lake aims to generate brine samples showing the extension of the adjoining resource, which is the largest in the world, into Lake’s leases.

“Recent progress has been encouraging as we aim to advance this project as quickly as possible for the benefit of shareholders. Notably, Lake is the only junior company drilling next to a major pre-production site in the best location for lithium brines, as demonstrated by Ganfeng recently paying over US$350 million for 50% of the adjoining project.”

Lake’s Cauchari project is part of Lake’s 100% owned lithium portfolio in the Lithium Triangle, encompassing its Kachi, Olaroz-Cauchari and Paso brine projects. Demand forecasts point to the need for an eight-fold increase in lithium supply over the next nine years and amid supply constraints, new projects such as Lake’s will be essential to support the lithium-ion battery revolution in energy and transport.

Click here for the full press release.

Graphite Metallurgical Test Work Update

Highlights:

  • Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
  • Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
  • Final test results expected in Q3 2021.

Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.

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Medallion Completes Diagnostic Testing with Australian Nuclear Science and Technology Organization

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Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process , a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

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Galaxy Resources Limited Announcement

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  • Corporate Presentation – Sal de Vida Development Plan
  • Sal de Vida development Plan
  • Sal de Vida Resource & Reserve Update
  • March 2021 Quarterly Results Conference Call
  • Notice of Annual General Meeting/ Proxy Form
  • 2020 Annual Report
  • 2020 Sustainability Report
  • 2020 Corporate Governance Statement
  • Appendix 4G

The announcement can be viewed at:

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Torian Resources Limited Significant Gold Results from Surface at Mt Stirling

Perth, Australia (ABN Newswire) – Torian Resources Ltd (ASX:TNR) is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions.

Highlights:

– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.

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eMetals Limited Updates Shareholders On Exploration – April 12, 2021

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