Toronto-based Rodinia Lithium (CVE:RM) (OTCQX:RDNAF) said Thursday that the Bureau of Land Management (BLM) has conditionally approved the company's plan of operations for its Clayton Valley lithium-brine project in Nevada.
approval permits additional drilling at the Clayton Valley project,
which is strategically located next to the Silver Peak operation that is
owned by Chemetall Foote, and has been a lithium-brine producer since
Rodinia’s drill program will target the southern
trench that is believed to be an extension of the productive Silver Peak
aquifers further north, where the company has had previous drilling
success, it said.
The goal of the drill campaign is to produce the first 43-101 compliant lithium-brine resource for a North America asset.
are extremely pleased to have received this confirmation from the BLM
and to once again be in a position to start planning and moving ahead
with our much anticipated exploration program in Clayton Valley," said
president and CEO William Randall.
"We intend to resume drilling
once the Environmental Assessment and public comment period are
complete with the intention of delineating a lithium brine resource in
the southern trench that extends the length of our southern claim
Rodinia said it has commissioned environmental
consultants EPG, Inc., to complete an environmental assessment, as
required under the National Environmental Protection Act. As part of
this, there will be a 30-day public comment period that will address
A meeting to discuss the requirements of the
National Environmental Protection Act has been scheduled for Rodinia on
Tuesday March 6.
Earlier this month, Rodinia Lithium
said that it has started the construction and operation of a pilot
production facility at its Salar de Diablillos lithium brine project in
Salta Province, Argentina.
The purpose of the pilot production
facility is to confirm the proposed process outlined in the recent
preliminary economic assessment for the project, with results to be
included into a feasibility study.
The facility is to produce
battery-grade lithium carbonate on site, including production of
by-products potash and boric acid, giving a glimpse of how a potential
final production facility would operate.
In November 2011, the
company's preliminary economic assessment for Diablillos indicated a
potentially low cost operation with a net present value as high as
US$964 million, and a mine life of greater than 20 years.