Highlights
- The average head assays stood at 0.179% Li, 34% more than the average McDermitt resource grade of 0.134% Li.
- Flour conducted the metallurgical testwork review, while Cube Consulting generated the conceptual pit shells.
- Benefication is ongoing and is expected to increase head grade prior to acid leach testwork.
Jindalee Resources Limited (ASX: JRL) has received initial head assay results for metallurgical samples from the McDermitt Lithium Project, Oregon, USA.
The results demonstrate that the head assays average 1790 ppm Li, 34% more than the average current McDermitt resource grade of 1340 ppm Li. The result projects the significant potential to process higher grade, shallow ore early in the mine life and positive implications for the project economics.
Here are the detailed head assay results.
Image source: Company update
The metallurgical testwork was reviewed by Fluor Corporation (NYSE:FLR), and Cube Consulting assisted in selecting samples for testwork by using McDermitt MRE geological model. Testing was done by consultant metallurgists Hazen.
Data Source: Company update
JRL shares jumped 1.45% to trade at AU$1,40 apiece at the time of writing on 23 October 2023.