logo-loader
viewMillennial Lithium

Millennial Lithium files report that shows measured and indicated resource at Pastos Grandes nearly doubled

The report shows 4.12 million tonnes of lithium carbonate equivalent and 15.342 million tonnes of potash (KCl) equivalent in the measured and indicated categories

1559338857_MillennialLithiumproject.jpg
Millennial Lithium's Pastos Grandes brine project (pictured) is located in Salta province of Argentina

Millennial Lithium Corp (CVE:ML) (OTCQB:MLNLF) said Friday it has filed a new technical report estimate for its Pastos Grandes brine project in Salta province of Argentina, which showed around a doubling of tonnage in the measured and indicated (M&I) category. 

The report shows 4.12 million tonnes of lithium carbonate equivalent (LCE) and 15.342 million tonnes of potash (KCl) equivalent in the measured and indicated  categories. 

In the lower inferred category, there was a further 798,000 tonnes of LCE and 2.973 million tonnes KCl.

WATCH: Millennial Lithium preparing for Feasibility Study expected in June

Compared to a 2017 estimate for the site, that represents an almost 100% increase in the measured and indicated LCE (lithium carbonate equivalent) tonnage (which was 2.131 million tonnes previously).

The firm added Montgomery & Associates Consultores Limitada, based in Santiago, Chile, a subsidiary of international hydrogeology firm E.L. Montgomery & Associates, prepared the independent resource report.

Shares of Millennial Lithium were up 1.9% at C$1.63 on Friday. 

Contact Katie Lewis at [email protected]

Quick facts: Millennial Lithium

Price: 1.12 CAD

TSX-V:ML
Market: TSX-V
Market Cap: $93.23 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Millennial Lithium named herein, including the promotion by the Company of Millennial Lithium in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Millennial Lithium Corp sees impressive drill results from Lithium Project ...

Millennial Lithium (CVE:ML) Chairman Graham Harris joined Steve Darling in the Vancouver studio of Proactive Investors with some new drill results from their Pastos Grandes Lithium Project in Argentina. Harris says they were the best results they have seen on this site. Harris also shared...

on 22/11/18

2 min read