Sign up Australia
Proactive Investors - Run By Investors For Investors

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

The firm reported encouraging results from metallurgical work on the pegmatites from the property.
92 Resources unveils 'very encouraging' results from Hidden Lake lithium project
Lithium is used in batteries

The potential of energy solutions group 92 Resources Corp's (CVE:NYT) Hidden Lake lithium project in Canada continues to become more visible.

The firm reported encouraging results from metallurgical work on the pegmatites from the property.

Several flotations tests have now been completed on the whole rock material, the firm said.

They have returned high grade concentrates of  between 6.2% and 6.5% lithium at high overall recovery rates -  of between 82%  and 85%.

"The metallurgical program has advanced significantly further than we had initially anticipated at this stage," said 92 Resources' president and chief executive Adrian Lamoureux.

"We have now demonstrated the spodumene has low iron, is coarse grained, well liberated, and responds strongly to cost effective beneficiation techniques to produce high-grade concentrate at high-recoveries.

"Further, prior test work indicates lithium extractions for the concentrates at up to 97%."

The company boss added that he looked forward to  completing the remaining Phase II DMS (dense media separation) work and evaluating the next steps in the flowsheet development.

92 Resources added that a new  mini DMS pilot plant of around 500 kg was currently underway with the objective of producing enough middling material to demonstrate the complete beneficiation flowsheet.

In addition, the deportment of the chemical element tantalum will be tracked throughout the process to determine its potential to be recovered.

Shares added 5% in Toronto to C$0.10 each.

View full NTY profile View Profile

92 Resources Corp Timeline

Related Articles

gold bars
August 02 2018
Arc Minerals has significant upside at kalaba in Zambia
Drilling at Commonwealth project
October 05 2018
After transactions involving non-core assets, the company is working on three projects in three states.
1541492356_NamibiaTantalum.jpg
November 06 2018
A resource update is expected in the first quarter of 2019

© 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