RE: RNS x230 Jan 2025 13:20
Updated Feldspar Mineral Resource Estimate
In respect of the Ewoyaa Lithium Project, the Company reports an updated JORC (2012) compliant Mineral Resource Estimate of 36.8Mt at 41.9% feldspar ("Feldspar MRE").
The Feldspar MRE is based on the same pegmatite geology wireframes and internal lithium mineralisation wireframes that resulted in the 36.8Mt at 1.24% Li2O Mineral Resource Estimate1 for the Project ("Lithium MRE"), as announced by the Company on 30 July 2024, and considers the mine plan in respect of the Project's Life of Mine spodumene concentrate production, as detailed in the Ewoyaa Definitive Feasibility Study ("DFS", refer announcement of 29 June 2023).
The Feldspar MRE includes 29.8Mt (81%) in the Measured and Indicated categories, comprising a total of 3.7Mt at 40.2% feldspar in the Measured category, 26.1Mt at 42.1% feldspar in the Indicated category and 7.0Mt at 42.4% feldspar in the Inferred category. In addition to the feldspar, quartz and muscovite were also estimated and included as potential by-products of spodumene concentrate production at Ewoyaa (refer Table 1).