Rodinia Lithium Inc. (CVE:RM) said late Wednesday it expects to release an updated mineral resource estimate in the second or third quarter, as its lithium project advances near a feasibility study.
The company, which owns the Salar de
Diablillos lithium-potash brine project in Argentina, said it expects to
release the update after the last pump tests are finished.
exploration and testing, Rodinia continues to advance the project
toward feasibility adding certainty to the resource estimate, brine
extraction processes, metallurgical processing as well as recovery.
said it received confirmation from Argentina's government that
sufficient natural gas supply is available to the company for further
development of its lithium carbonite project.
Natural gas supply is anticipated to be a key factor in low cost production of lithium carbonate, the company added.
"Our team has been working extremely hard and progressing the project nicely," Rodinia Lithium president and chief executive Will Randall said.
addition of a further drill will ensure timely delivery of an updated
resource, pump tests and further hydrogeological characterization of
fresh water inflow which are essential components of a feasibility
In addition, another drill was mobilized to Diablillos to
focus on drilling extra pump test sites further away from its proposed
Rodinia also said wells are planned to test fresh
water inflow of the Diablillos river that allow further analysis of the
effects of fresh water on brine dilution during production, and to also
determine a source of fresh water during production.
the explorer said pilot process has seen positive results. Evaporation
rates during the summer months exceeded expectations, despite a wet
A first stage of magnesium and sulphate removal was
tested and is awaiting final results. The process engineering department
has monitored natural evaporation in both the pools and pans built on
site at about 4,050 metres above sea level.
The Salar de
Diablillos lithium-bring project in Salta, Argentina holds a recoverable
inferred resource of 952.5 million tonnes with a grading of 556
milligrams per litre of lithium and 6,206 milligrams per litre
Rodinia also owns mineral rights to around 70,000
acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, which
it is presently assessing the size, quality and processing alternatives
of the deposit.
The Clayton Valley project rests in the only
known lithium-brine bearing salt lake in North America, and looks to
represent the only new source for domestic lithium carbonate supply.