A couple of great excerpt from the Qtly "...Follow up test work...

A couple of great excerpt from the Qtly

"...Follow up test work conducted by Cobre Montana in April 2015 produced higher purity battery grade lithium carbonate. Cobre Montana estimates that the operating cost is likely to be less than US$2,000/tonne of lithium carbonate produced, after potash credit. Furthermore, on a project basis, and after credits for tin and tungsten, operating cost estimates for lithium carbonate are likely to reduce further. These estimates compare very favourably with published operating costs of all known lithium carbonate producers worldwide. ..."

"...Lithium leach results The second stage of metallurgical testing for lithium from the Cinovec ore achieved extremely high recovery of lithium from leach tests. The highlights of the testing were: • 99.5% of lithium was recovered from concentrate via leaching • 97.6% of the lithium was recovered in a short leach time of only 4 hours • The overall recovery from ore to leach liquor exceeded 97.5% ..."


"...Substantial increase in resources On 9 February 2015 the Company announced a significant increase in resources at the Cinovec Project. Of particular note was the very large increase in the lithium resource, in light of the recent excellent results from the lithium test work being conducted. With the announcement of the increase in the resources, Cinovec has become a globally significant lithium and tin deposit. The highlights of the revised estimates are:  • an Inferred Li Resource of 5.5 Mt LCE, 514.8 Mt @ 0.43% Li2O (0.1% Li cutoff); 285% increase in tonnage and 175% increase in contained lithium • an additional Exploration Target of 3.4 – 5.3Mt LCE, 350 – 450 Mt @ 0.39-0.47% Li2O • an Inferred Sn-W Resource of 111.4 Kt tin, 30.1 Mt @ 0.37% Sn, 0.04% W, 0.47% Li2) (0.2% Sn cutoff); 7% increase in tonnage, contained tin and tungsten ..."