Bolivia’s Yacimientos de Litio Bolivianos and Germany’s ACI Systems Alemania GmbH founded the joint venture YLB-ACISA for the sustainable extraction and industrialisation of lithium.
Fluor will initially provide a definitive feasibility study, and subsequently, EPCM services as the project progresses.
Stage 1 of the Pilgangoora Project comprises a 2 million tpy mining and processing operation to deliver life-of-mine (LOM) production of 330 000 tpy of 6% spodumene concentrate (lithium) and 300 000 Ibs/y of tantalite concentrate (tantalum).
The new agreement provides Altura with a more diverse customer base and locks in 100% of planned production from the recently commissioned flagship Altura Lithium operation located at Pilgangoora in Western Australia.
Altura Mining Limited commences loading of high-grade lithium concentrate onto MV Clipper Tenacious vessel.
Australia’s substantial and diverse mineral resources have made it a key supplier of the minerals that are essential to modern life, including iron ore, gold and lithium.
Current mining operations are proceeding as planned with good overall recoveries from the mine, with run-of-mine (ROM) stocks currently at 130 000 t with an average grade of 1.20% Li2O.
An agreement for additional funds of US$15 million have been executed with Altura’s existing loan note holders.
Lake Resources is set to begin drilling operations at the Cauchari project, which adjoins to the proven 14.8 million t LCE world-class lithium brine project.