Cave mining, underground mining method of choice in the...

Cave mining, underground mining method of choice in the future“...if they need to exploit large low-grade resources at depth....”

LTR will actually use UG to exploit a very large very HIGH grade resource of lithium as high as 2.5-3.7% compared to the usual 1% of peers. It’s no brainer

Quotes from srk consulting website


“There are over 45 cave mining projects in various stages of studies and development around the world. Cave mining methods will be the underground method of choice in the future. It is only relatively recent that this mass mining method, despite 70 years of use, has begun proving its potential.

That interest is being fueled by the depletion of near surface ore bodies suitable for open pit operations. Many mining companies are turning to cave mining when they need to transition their operations from open pit to underground or if they need to exploit large low-grade resources at depth which would not support a more expensive mining method.  Cave mining methods are becoming more popular due to relatively higher metal prices, projected supply and demand forecasts, and a lower discovery rate of significant new surface deposits. Cave mining is the primary underground mining method for extracting large Cu-Au porphyry deposits...”