S2 Resources (ASX: S2R) – also known as’ the crew who discovered the premier Nova deposit’ – took part in the price hit after drilling a December dust cloth in WA’s Fraser Range.
The explorer has now reduced much of these losses after announcing major gold hits on its recent gold discovery in Finland.
The highlights include 8 m at 4. 8 g / t gold, 575 meters from a previous high grade intersection of 6. 85m at 11. 8 g / t gold.
« S2 hardly scratched the surface of Aarnivalkea after a discovery of virgin gold in 2019, » says CEO Matthew Keane.
« Most of the holes to date have been drilled on wide intersection lines from 80 to 240 meters to less than 110 meters below the surface.
« The four deeper holes drilled in October 2020 were designed to test the depth potential of the » smoke « identified from these earlier shallow reconnaissance holes.
“The fact that two of the four holes identified high grade gold approximately 575 meters apart is very encouraging. ”
Core’s main game is the Finniss Lithium Project in the Northern Territory, where a new resource for the payment of grants will be announced « in due course ». .
This resource leads to the DFS (Definitive Feasibility Study) update as the Explorers seeks to « advance lithium exploration and resource growth drilling in the first half of 2021 ». .
A DFS is a very detailed look at whether a project is economically viable or not, and it usually precedes or runs at the same time as critical financing and approval discussions.
The share price of the advanced South American lithium brine game Argosy Minerals (ASX: AGY) is, like Core, not up to date.
In December, Argosy sold a high quality 20 ton shipment 99. Lithium carbonate product with a purity of 5 percent to the Korean chemical company Y. . N Chemical Co at spot prices.
This carbonate, which is used to make batteries, was produced in the company’s pilot plant on an industrial scale at the Rincon project in Argentina.
A pilot plant is a smaller version of the real plant that is used to test whether a process works on a scale.
« Given the recent market interest in the lithium sector and the improvement in fundamentals, we are confident of finding an investment finance solution and I am very excited about the prospect of building the facility with a capacity of approx. 2. 000 tpa [tons per year] to begin, further confirming Argosy’s status on the exclusive list of international battery grade lithium carbonate manufacturers and exporters, ”said Josso Zuvela, General Manager of Argosy, last month.
Also unknown was New Age Exploration (ASX: NAE), which has gold projects in Pilbara and New Zealand’s South Island, but is also looking for new opportunities. .
Lepidico (ASX: LPD) states that it is currently holding confidential discussions with up to six lithium consumers and three cesium / rubidium consumers.
Lepidico has been advised by a prospective customer that analysis of a lithium hydroxide monohydrate sample provided in 2020 should be completed by early 2021 in order to move forward with acceptance discussions.
« Lithium chemical consumers are showing renewed interest in securing future supplies of high quality, ethical products, as evidenced by a series of new confidentiality agreements last month, » said CEO Joe Walsh.
« The acceptance talks for the high-quality lithium, cesium and rubidium products to be manufactured from Lepidico’s Phase 1 project are expected to gain momentum in January 2021 with the aim of entering into binding long-term supply contracts to support the project financing a final investment decision in June 2021. ”
3. November 2020 | Reuben Adams
5. October 2020 | Bevis Yeo
31. July 2020 | Bevis Yeo
Stockhead provides factual information when there is a reasonable likelihood of doubt.
The information is not intended to contain a recommendation or opinion on any financial product.
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Lithium, Tesla, Inc. . , Core Lithium, Stock Price, ASX: CXO, Lepidico, ASX, China
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