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The consolidated Mineral Resource estimates, based on a 0.1% Li2O cut-off grade are as follows:
A. Within the Li-rich tuff sequence, only:
Indicated Mineral Resources: 34.82Mt at 0.73% Li2O containing 0.63Mt Li2CO3 (equivalent)
Inferred Mineral Resources: 77.80Mt at 0.73% Li2O containing 1.41Mt Li2CO3 (equivalent)
B. Within the wider Li-rich package including the upper and lower breccia units:
Indicated Mineral Resources: 40.58Mt at 0.67% Li2O containing 0.67Mt Li2CO3 (equivalent)
Inferred Mineral Resources: 121.70Mt at 0.59% Li2O containing 1.76Mt Li2CO3 (equivalent)
The footprint of the drilled, mapped and surface sampled Li-rich tuff unit extends up to 1,700 m (N-S) and 2,200 m (E-W)
The maiden resource estimate is based on drilling that covers an area of 1,250 m (N-S) and 350 to 500 m (E-W) representing approximately 20% of the potential deposit area.
The consistency of the Li grades over the wide intersections was highlighted by the Mineral Resource Consultant
Drilling continues at site to define additional Mineral Resources
The estimated size of the Mineral Resources is already significant and large but recognizing this only covers approximately 20% of the current known mineralization envelope PLU expects this resource to grow and grow quickly. Three drill rigs continue work at Falchani to expand out from the already defined resource footprint.
This result, and the earlier reported metallurgical work from ANSTO Laboratories in Sydney i.e. low cost open pit mining operations, simple atmospheric acid leaching of the lithium-rich tuff feed material followed by conventional lithium processing steps as envisioned, give us a great ‘kick -off’ point to demonstrate the viability of our project via the planned PEA.
We are cognizant of the need to fully comply with all environmental, archeological and community related issues as regulated in Peru and are working hand in hand with our highly respected Peruvian consultants to achieve this
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