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.
The Manono lithium project in the Democratic Republic of Congo is estimated to contain 4.25 million t of lithium oxide, 219 000 t of tin as cassiterite and 11 200 t of tantalite.
A measured resource of 366 000 lithium carbonate equivalent has been declared at Pular, along with an inferred resource of 113 000 t.