APR 11, 2019 Pageview:542
The first drilling project from Lithium Australia deposit in Germany Sadisdorf brought some encouraging preliminary results for the company, because the company expected to unearth an important new lithium and tin resources sold to European market.
Lithium technology experts and explorer, the report says, starting from the first hole of the plan of lithium and experiment which produce solid results. Intercept including 32.19 meters 11.6 meters lithium oxide and 0.35% 0.52% tin. The plan of the second and third hole is still waiting for the result.
New intercept lithium grade higher than last year December first inferred resources released by the Australian average grade, is 25 million tons, lithium oxide content of 0.45%.
Drilling plan - for the first time since 1990 in Sadisdorf drilling plan - to confirm history of drilling data and test resources external boundary of the model.
The plan, the company says the information provided by the lithium confirmed the universality of mineralization, and support Sadisdorf is more metallic lithium - greisen tin bearing system point of view.
Sadisdorf is Saxony Erzgebirge region of a tin with a long history, is one of the world's richest tin is also an important center of mining for decades. After the awareness of the potential lepidolite mineralization, Australia Lithium Electricity in the last year to join the project when suddenly seized the opportunity.
Lithium Australia's breakthrough SiLeach processing technology can be extracted without the high cost of traditional roasting, therefore likely to extracting lithium from the residue of tin concentrate advantage.
Due to the new battery role of technology, tin prices rose by 30% over the past three years, Sadisdorf mining economy is growing.
Australia lithium electricity companies to obtain tin Sadisdorf project a 50% stake in international co. LTD., which recently by winning adjacent exploration licence to expand the project.
Managing director Adrian griffin said: "first of all, this is our in sardis madoff's field for the first time at the beginning of a popular - put the company on the forefront of germination of the battery chemistry - most of them are Europe's leading. In closely near to emerging Europe battery market area, the first drilling of mineralization strongly support us by adding lithium as an additional value drivers to release the value of the historic tin tungsten ore Sadisdorf vision."
"Our SiLeach processing technology is very suitable for processing Sadisdorf greisen type polymetallic mineralization, which are rich in lithium mica. Fresh sample testing work will be done soon, we are looking forward to from the remaining two drilling for the complete test results."
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