RE: 4th May 2022 7:00 am RNS Operations and Corporate Update for Mines Money5 May 2022 00:57
The market will wake up when 1.16m tonnes of lithium is moved to measured and indicated.
The Laguna Verde project has an existing JORC compliant resource estimate of 77,834 tons of Lithium Carbonate Equivalent (LCE) in the Measured category, which comprises the surface resource, and 1.16 million tonnes LCE in the Inferred category, which comprises the sub-surface resource. A resource drilling programme commenced at Laguna Verde in January 2022 to upgrade the sub-surface resource from Inferred to Measured and Indicated in accordance with JORC Code.