MLS LITHIUM https://hotcopper.com.au/posts/36133453/singleI highlight MLS LITHIUM with the hope Market will give it an interim value "more than $1 (one dollar)" ,
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Cheers
MLS's LITHIUM .
With the high demand around the world ,MLS holds huge potential High Grade Lithium Projects in WA and in CANADA.
MLS LITHIUM :
1/ Manindi Zinc -Lithium Project.WA.
HIGH GRADE LITHIUM BEARING PEGMATITES discovered.
2/ Lac La Motte LITHIUM Project.
3/ Lac La Corne LITHIUM Project.
4/ Lacourciere-Darveau LITHIUM Project.
Some Highlights :1/ MANINDI LITHIUM.
EXPANDED LITHIUM..
-----------------------------ASX Announcement
21 May 2018
Manindi Lithium Metallurgical Testwork
Demonstrates High Lithium Recovery and FavorableConcentrate Grades----------------------------------------
Highlights: Metallurgical testwork and mineralogical characterisation completed on two compositesamples of lithium mineralisation from the Manindi Project
Tests completed included semi-quantative XRD analysis, size fraction analysis, wet screen analysis, heavy liquid separation, magnetic separation and sighter flotation testing
Results indicate that Manindi lithium mineralisation principally occurs as lepidolite
Flotation tests produced concentrates with grade up to 3.05% Li2O and lithium recovery of up to 77% from 30% of the mass feed - additional upside exists on an optimised flowsheet tailored to the Manindi mineralisation
o Concentrate grade and recovery compares favourably against other lepidolite hosted lithium projects
o Low iron-oxide (Fe2O3) content confirms the Manindi lithium concentrate is a
preferred product for potential end-users
o Metals Australia to engage with lepidolite-hosted lithium concentrate end users in China to further accelerate the exploration and development of the Manindi Lithium Project
Flotation tails contain significant tantalite mineralisation (Ta2O5) that could potentially also be recovered – provides additional upside to the potential economics of the project
Potential for further improvements in the metallurgical results given that the tests were scoping level in nature and that the flowsheet has not been optimised for the Manindi mineralisation
A reverse circulation (RC) percussion drilling program is planned to test the grade and continuity of lithium-bearing pegmatite dykes at Manindi – drilling to commence in the coming weeks.
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ASX Announcement
24 July 2018
Results of RC Percussion Drilling Program at Manindi Lithium Project Highlights:▪ Assay results received for the reverse circulation (RC) percussion drilling program completed at the Manindi Lithium Project in June 2018
▪
Anomalous lithium and tantalum mineralisation in all holes intersecting mineralised pegmatite dykes▪ Significant intersections include:
o
MNRC030 – 8 m @ 1.06% Li2O from 18 m including 3 m @ 1.65% Li2O; peak assay
of 1.96% Li2O
o MNRC033 – 8 m @ 1.00% Li2O from 32 m and 7m @ 1.29% Li2O from 42 m;
including 5 m @ 1.53% Li2O; peak assay of 1.90% Li2O
▪ Drilling defined a continuous, mineralised pegmatite dyke over in excess of 200m strike length▪ Untested potential down dip and along strike of known pegmatite dykes
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MANINDI LITHIUM Further WorkMLS is currently evaluating the RC percussion drilling results to determine if further work is warranted to extend and infill the drilling of the lithium mineralised pegmatites, which are still open down-dip and along strike. Furthermore, there are other pegmatite occurrences within the project area that have not been evaluated for lithium mineralisation.
Advancing the understanding of the metallurgical characteristics of the lepidolite mineralisation will also be important in the next phase of exploration. The Company will therefore consider completing diamond drilling for metallurgical samples, whilst also continuing to define the mineralised footprint through additional RC percussion drilling.
The tantalum mineralisation is an important feature of the mineralised pegmatites at Manindi and warrants further modelling and understanding. Future exploration will be designed to better define the tantalum mineralisation and the zonation of the pegmatites.
Consumption of tantalum has increased significantly since the second half of the 1990s with the demand for capacitors required for products in the rapidly growing consumer electronics market.
Today, the market for tantalum is supported by the growth in consumer electronics and aerospace industries that has resulted in a reduction of available stockpiles.
The Company is pleased with the results to date and is excited by the prospect of completing a follow-up exploration campaign targeting this lithium-tantalum rich pegmatite field.MLS remains in discussions with several lithium-mica (lepidolite) end-users in China and looks forward to providing a further update to shareholders in the future regarding these discussions.ENDS
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2/ LAC LA MOTTE LITHIUM Project.
3/ LAC LA CORNE LITHIUM Project.
4/ LA COURCIERE-DARVEAU LITHIUM Project.
Hope this brings some MLS insights for holders - researchers.
Please DYOR.
Cheers.
(20min delay)