Power Minerals to start resource definition drilling at Rincon lithium … – Small Caps

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Diversified explorer Energy Minerals (ASX: PNN) has confirmed it should launch a useful resource definition drilling marketing campaign on the Rincon salar throughout the Salta lithium mission in Argentina.
The marketing campaign is designed to ship a big improve to the mission’s present international useful resource which sits at 239,000 tonnes of contained lithium carbonate equal grading 313 milligrams per litre of lithium.
Drilling commenced on the close by Incahuasi salar in December comprising two holes for a complete 1,000 metres with “extremely encouraging” early outcomes.
Work at Rincon will comprise as much as six diamond drill holes for a complete 1,200m.
It can purpose to verify outcomes from a 2017 program and check for extra potential lithium brine sources within the northern a part of the licence space.
The marketing campaign is deliberate to begin instantly following completion of this system at Incahuasi.
Energy government director Mena Habib mentioned the most recent drilling work along with the deliberate useful resource improve might be key inputs to the Rincon preliminary financial evaluation (PEA) which kicked off in December.
“Rincon is our most superior salar and hosts the Salta mission’s highest-grade lithium,” he mentioned.
“We’re excited to see the outcomes of the useful resource drilling marketing campaign feed into the PEA… we’ve scheduled related PEAs on the Incahuasi and Pocitos salares as a part of our plans to fast-track Salta’s improvement.”
The Rincon PEA is being accomplished to scoping examine stage by international engineering and mining marketing consultant Golder Associates, which has huge expertise working with Tier 1 lithium-brine firms equivalent to Ganfeng Lithium Co and Tibet Summit Sources.
Golder will assess Salta’s manufacturing and life-of-mine profile, together with engineering, course of, capital and working prices for a possible high-quality lithium carbonate (LCE) operation at Rincon.
The Salta mission is positioned within the Salta province of northwest Argentina and is a part of the world’s main lithium brine area often called the “lithium triangle”.
It consists of 5 salares (or salt lakes) inside seven mining leases over a complete mission space of 147.07 sq. kilometres.
The Incahuasi salar is positioned instantly adjoining to Ganfeng’s mission and the Rincon salar is adjoining to Rincon Mining’s namesake lithium mission, which was acquired in March by Rio Tinto (ASX: RIO) for $1.28 billion.
Energy is presently assessing business analysis and improvement pathways for Salta, together with the usage of direct lithium extraction methods and a staged hybrid improvement technique combining conventional manufacturing strategies with new applied sciences.

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