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Tantalex Lithium Resources Announces Maiden Mineral Resource Estimate for Manono Lithium Tailings Project
Toronto, ON - TheNewswire - December 15, 2022 - Tantalex Lithium Resources Corp. (CSE:TTX) – (FSE:DW8) – (OTC:TTLXF) (“Tantalex” or the “Corporation”), is pleas
About this update from Tantalex Lithium Resources Corp
[{"type":"text","content":"Toronto, ON - TheNewswire - December 15, 2022 - Tantalex Lithium Resources Corp. (CSE:TTX) – (FSE:DW8) – (OTC:TTLXF) (“Tantalex” or the “Corporation”), is pleased to announce a Maiden Mineral Resource Estimate for its majority owned Manono Lithium Tailings project in the Democratic Republic of Congo. KEY HIGHLIGHTS 5,46 million tonnes at 0,72%Li2O in the Measured and Indicated category; 6.63 million tonnes in total Inferred Mineral Resources at a grade of 0,49%Li2O Lithium contained in spodumene and amenable for production of 6% Li2O Spodumene Concentrate (SC6) Mineral Resource defined by 11 922 m of drilling in a total of 368 drillholes Quick path to production: material on surface, already crushed; no strip ratio, low mining costs MANONO TAILINGS MINERAL RESOURCE STATEMENT The Mineral Resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines and is reported in accordance with the 2014 CIM Definition Standards, which have been incorporated by reference into National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). A summary of the Mineral Resource estimates per deposit as well as the total Measured, Indicated and Inferred Mineral Resources is shown in Table 1. Table 1 : Manono Mineral Resources at a 0.20% Li2O cut-off grade – 13 December 2022 Deposit Classification Tonnes (Mt) Li2O % Cc Inferred 2.99 0.32 Ic Inferred 0.67 0.42 Gc Indicated 0.29 0.78 Inferred 0.51 0.84 Gf Indicated 1.39 0.35 Inferred 0.13 0.33 K Measured 3.77 0.86 Inferred 2.33 0.67 Total Measured 3.77 0.86 Indicated 1.69 0.42 Measured & Indicated 5.46 0.72 Inferred 6.63 0.49 The Mineral Resource is classified into the Measured, Indicated and Inferred categories and is reported at a cut-off grade of 0.20% lithium oxide (Li2O). The cut-off grade and reasonable prospects for eventual economic extraction (RPEEE) were determined using the following assumptions: Mining will be undertaken using bulldozers and loaders. Mining cost: USD 2.17 per tonne of rock Mining Recovery: 99% Processing cost: USD 11.18 per tonne processed (RoM) Revenue Royalty: 3% Payability: 98.5% Process Recovery LiO: 50% to 70% Lithium Price: 4 000 USD/tonne (SC6 – Spodumene Concentrate) The assessment to sat...