https://www.engineeringnews.co.za

Ardiden reports maiden resource at Canada's Seymour Lake

4th October 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Ardiden has reported a maiden Joint Ore Reserves Committee-compliant resource estimate of 1.23-million tonnes at its Seymour Lake lithium project, in Canada.

Grading 1.43% lithium oxide, the Seymour Lake project is estimated to host a mineral resource of about 8.2-million tonnes of lithium.

“This is a great result for the company, which sets a strong foundation for the fast-track development strategy we are pursuing in conjunction with our Chinese strategic partner Yantai,” said Ardiden CEO and executive director Brad Boyle.

“This marks the first stage of that strategy and will allow us to meet one of the key conditions precedent under the development memorandum of understanding signed with Yantai earlier this year.”

Boyle pointed out that the maiden resource covered only a relatively limited strike length of the broader mineralised zone at Seymour Lake, allowing Ardiden the opportunity to expand this initial resource.

“Drilling is continuing to test this potential both down-plunge and the along strike at the nearby Aubry prospects. The broader potential of the project is also demonstrated by the initial exploration target, which has been defined in conjunction with the maiden mineral resource estimate of the north, central and south Aubry prospects.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.058 0.9s - 140pq - 2rq
Subscribe Now