Silver Lake Resources Limited (ASX:SLR) revealed investment in exploration at Deflector continues to deliver growth in Mineral Resource and Ore Reserve.
The Deflector Mineral Resource has increased by 54% (80% after FY20 mine depletion) to 1.27 million ounces. The resource grade rose by 18% to 13.5g/t.
Moreover, SLR will focus on infilling its existing mineral resource as well as expanding high-grade gold/copper lodes.
On 10 July 2020, SLR last quoted at A$2.320, up by 2.655%.
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Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.
Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.