try PURDD as it is def set until tomorrow when it will trade back on PUR as it has done a consolidation.
Also just seen this : https://www.theaustralian.com.au/business/*/news/emerging-developers-whos-chasing-an-upgrade-from-explorer-to-developer/news-story/0d2ecdc84151b93561be5d9d32ace440
PUR gets a good mention here - exciting times!!!More juniors shoring up resources and scoping studies
The company is planning to release the maiden mineral resource estimate for its Blakala lithium play in Mali before the end of this year.
The estimate comes off the back of some stellar drill hits, which included strikes in the Eastern pegmatite zones less than 150m from surface including 24m at 1.53% Li2O from 129m, 28.59m at 1.51% Li2O from 117m and 9m at 1.62% Li2O from 117m.
Hits from the south extension of the main peggie included an intersection of 1.77% Li2O over 8.34m while a highlight hit from the second series of diamond tails in the western peg was 25.64m at 1.68% Li2O.
Anything above 1% Li2O is generally considered economic with only a handful of deposits reporting grades upwards of 1.4%. But grade is not everything and metallurgy is critically important.
While prices have long been set on the 6% Li2O benchmark originally delivered from the Greenbushes mine, the company’s Blakala testwork has come in at a solid 6.8%.
Completed to scoping study standards, the concentrate grade didn’t sacrifice metal recoveries, with 80% of lithia reported to the concentrate via flotation.
The testing has confirmed the strong economic potential of the project, the company said.
Pursuit is targeting a material resource upgrade – expected later this week – which will build on the recent maiden resource defined at the Rio Grande Sur project in Argentina of 251.3kt LCE at 351mg/Li.
Pursuit Minerals expects to increase both the size and grade of the lithium resource after drilling returned deep, high-grade intersections of lithium brines, including intervals such as 2m at 527mg/L of lithium from 263m, 2m at 520mg/L from 63m and 2m at 511mg/L from 159m.
Importantly, some of these >500mg/L intervals are beneath the currently calculated mineral resource estimate, which will likely add to its size and grade.
This confirms the large-scale of the project, which the company expects to support a significant low-cost, high-grade, long-term lithium carbonate operation.
The company – which owns the 2.3Moz Minyari Dome deposit near the ageing Telfer gold mine – is one of Lion Selection Group (ASX:LSX) CEO Hedley Widdup’s recent picks.
Greatland Gold is acquiring Telfer and the Havieron development from Newmont for US$475 million, but will need more ore to feed the mill long term.
A month ago, Antipa released a scoping study for Minyari Dome, outlining a 130,000oz per annum operation over 10 years at all-in sustaining costs of A$1721 an ounce.
Based on a $3000/oz gold price, around $600 lower than current levels, the project delivered a post-tax net present value of $598 million and internal rate of return of 46%.
Last month the company announced plans for a scoping study at its Kuusamo Schist Belt (KSB) gold and cobalt project in Finland, which has a resource of 7.3mt at 2.7g/t gold for 650,000oz and 0.08% cobalt for 5,840t.
“It’s an important step forward that will provide valuable insights not only for the KSB project development pathway but also potential scale-up optionality for further evaluation to incorporate any additional exploration success that expands our global mineral resource base,” MD Grant Coyle said at the time.
“The new additional target areas generated demonstrate the untapped, longer-term exploration upside potential of the KSB project and drilling will recommence following the detailed structural review of the KSB mineral resource.
“We look forward to reporting on further exploration results and the scoping study findings in the new year.”
try PURDD as it is def set until tomorrow when it will trade...
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