ICONIC MINERALS - PART 314 Oct 2021 14:39
The current 43-101 resource from the PEA report for borehole mineable portion of the resource is 3,407 million tonnes grading 1,013 ppm Li or 18,372 million kilograms of lithium carbonate equivalent. (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources.
Qualified Persons
Terre Lane, SME Registered Member, Principal Mining Engineer, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
J. Todd Harvey, MBA, Ph.D., President and Director of Process Engineering, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
Hamid Samari, PhD, Senior Geologist, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
Rick Moritz, Principal Mining Engineer, Global Resource Engineering Ltd and Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic.
On behalf of the Board of Directors