Largest lithium resource with lowest valuation 2, page-1417

Currently 6% spodumene price in China (without VAT) is about USD$1,200/ton. Another lithium junior signed an offtake with a Chinese company, setting a benchmark price with USD$10 per 0.1% grade to 6%.

Historical met results Manono recovered up to 6.82% Li2O.
Recently ASX initial mineral characterisation results announced on 23 October 2017, are also very positive.
“Initial results support the potential for high value ore. The mean concentration of Li2O is high and accompanied by a significant presence of tin confirms the potential for lower cost production.
The distribution of lithium grades follows a Normal Distribution, confirming that the Roche Dure Pegmatite is essentially homogenous.”


Historical data provided by @mineralised (thanks again)
In summary up to 84% of tin reports to concentrate grading up to 57.9% SnO2, and up to 83.9% spodumene reports to concentrate of grading up to 6.82% Li2O.

AN ABUNDANCE OF LITHIUM PART TWO, R. Keith Evans, July 2008

“In Zaire he describes the Manono and Kitolo pegmatites as a speculative resource. Hardly. He quotes Kogel's statement which, if it refers only to pegmatites, is almost certainly correct as “dwarfing the currently known world reserves”. Tahil further states that the figure I quoted of 2.3 million tonnes Li “tells nothing of the quality, grade and feasibility of extracting it”. The tonnage was published in the NRC report as 520 million tonnes of ore grading 0.6% Li (a typical grade for most pegmatites). The panel reduced the tonnage, all open-pitable, by 75% to account for mining, beneficiation and processing losses to give a total of 2.34 million tonnes of recoverable lithium. Any project would have the potential of co-producing tin, columbite and tantalite.”

(I cite this particular author as he is probably the most credible expert on lithium resources in the world, worked at most of the majors for a career spanning decades and was part of team that originally identified potential of SQM’s atacama deposit, which is the lowest cost in the world)

https://hotcopper.com.au/threads/manono-kitolo-historical-compilation.3320496/#.WllF66Y_Wf0

https://hotcopper.com.au/threads/la...aluation-2.3772278/page-1275?post_id=30101705