Sign up Australia
Proactive Investors - Run By Investors For Investors

92 Resources highly encouraged by Hidden Lake DMS pilot plant results

The pilot plant performed in line with expectations, the firm added.
92 Resources highly encouraged by Hidden Lake DMS pilot plant results
A final overall grade of between 6% and 6.5% of lithium oxide at high recovery (80 to 85%) is achievable

Energy solutions group 92 Resources Corp (CVE:NYT) has posted further encouraging metallurgical results from its Hidden Lake lithium project in Canada.

The dense media separation (DMS) mini-pilot plant has now been completed and produced around 40kg of high-grade spodumene concentrate averaging 6.11% of lithium oxide (Li2O).

READ - 92 Resources unveils 'very encouraging' results from Hidden Lake lithium project

Whole-rock channel samples, amounting to 400kg of material, were collected from the recently completed summer field program and were used to feed the plant.

The pilot performed in line with expectations, the firm added.

The testwork continues to support that a final overall concentrate grade of between 6% and 6.5% of lithium oxide at high recovery (80 to 85%) is achievable using low-cost and conventional processing techniques.

Although high-grade concentrates at high recovery may be achievable using only a flotation method, a combination of dense media separation (DMS) and flotation is often the preferred approach for spodumene recovery.

READ - 92 Resources brings in C$1.14mln from placing

This is for various reasons, including that it's typically more cost-effective to operate, easier to control, and has a shorter operational start-up period.

92 Resources also noted that assays for tantalum from the various DMS product streams were pending.

The company currently holds three main assets in Canada -  the Hidden Lake lithium property, in the Northwest Territories, the Corvette lithium property, in Quebec, and the Golden frac sand property, in British Columbia.

Shares in the company fell almost 7% % to C$0.20.

View full NTY profile View Profile

92 Resources Corp Timeline

Related Articles

1534132715_757z468_1531811377_Gold-in-hand.jpg
August 13 2018
The company is excited by the potential of its Albury Heath project in the Meekatharra area of Western Australia’s Mid West-Murchison region.
project area
July 12 2018
Latin has over 263,000 hectares of exploration concessions in the lithium pegmatite districts of Argentina.
Picture of uranium in drums
April 24 2018
Daily uranium production rates increased from 427 pounds to 485 pounds during the March quarter.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use