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Sparty 12-01-2015 08:49 AM

Australian Lithium shares moving up

Orocobre Ltd


Argentina, South America.
In late April, Orocobre reported a maiden resource at Olaroz of 350 million kilolitres of brine at 800 g/kL Li and 6,600 g/kL K, equivalent to 1.5 Mt of lithium carbonate and 4.4 Mt of potassium chloride. Then in early May, the company advised that it had completed a scoping study over the project. The study revealed potential to develop a long life operation with production of 15,000 tpa lithium carbonate and 36,000 tpa potash. The resource base had potential to support future expansions and there was further exploration potential beneath the current resource. Testing resulted in attractive lithium and potassium grades and low magnesium. Capital costs were in the range of US$80 - 100 million with low cash operating costs. The completion of a BFS had also been factored in and was estimated to costs US$2 million and be completed by mid-2010. The company had committed to completion of the BFS. Lithium brine Mg:Li ratio of 2:1
Neometals Ltd

ASX Code : NMT

Mt Marion, Western Australia ~ Current JORC-compliant resource of 14.8Mt @ 1.3% Li2O.
(Neometals 70% and Mineral Resources 30%)
Lithium Australia NL


Please note that we have been unable to find a JORC resource for Lithium Australia NL
However we have included them on this page as they have developed an extraction method from Lithium Mica which could give them cost effective lithium production from the world's largest lithium resource -Li mica rocks, found in many parts of the world in large amounts which hitherto has been too expensive to process. Read more .pdf

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