Company Overview and News
This article would be a fitting prequel to my other recent article, located here: 4 Lithium Miner Stocks That Could Explode (66-0)
The market for lithium is rapidly growing as politicians around the world are beginning to mandate a migration away from internal combustion vehicles.
Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces its final audited results for the year ended 31 December 2016.
Portugal is in the top ten producers of lithium which is increasingly sought after by manufacturers of electric cars which use the element in their battery packs and for companies supplying batteries for mobile phones..
Dakota Minerals (ASX:DKO) is continuing to receive strong lithium results from the ongoing phase three drilling program at the Sepeda Lithium Project in Portugal. (0-1)
Parkway Minerals NL (ASX:PWN) has expanded into Western Australia’s salt lake sector with the establishment of the Lake Barlee Potash/Lithium Brine Project, northwest of Kalgoorlie.
Keen to set up shop on top of Portugal’s natural lithium resources, the management of Australian mining company Dakota Minerals wants to invest up to €370 million in an industrial facility in Tras os Montes to supply businesses across Europe.
This results in 1.95 million tonnes of lithium oxide or 4.83 million tonnes of lithium carbonate equivalent, reinforcing the company’s status as Australia’s premier lithium development project.
The acquisition further expands Pilbara’s world-class resource inventory in the Pilgangoora district of Western Australia. Pilbara has now acquired all the granted tenements for the Lynas Find project, in accordance with an agreement with Dakota Minerals (ASX:DKO) announced in October 2016. The project has a maiden JORC resource of 7.3 million tonnes at 1.25% lithium, 85 ppm tantalum and 0.99% iron oxide.
Shares in Pilbara Minerals have surged on news the company has locked in a second offtake agreement for its Pilgangoora lithium project.
The project is located near Port Hedland in Western Australia. Numerous wide, shallow intercepts of lithium (down-hole widths of 10-22 metres) were intersected in a single, large pegmatite in the Far East zone which extends over 1,000 metres. The significant new intercepts at Far East include 27 metres at 1.73% lithium from 47 metres and 19 metres at 1.56% lithium from 75 metres. Pilbara’s resource extension drilling at South End indicates that the pegmatite remains open to the south, with significant widths of high-grade mineralisation.
Assay results from the first two drill holes indicate broad widths of mineralized pegmatite including 40 metres at 1.11% lithium from 93 metres and 16 metres at 1.39% lithium from 60 metres. The recently completed drill program totalled 18 reconnaissance reverse circulation drill holes for 2,090 metres. Visual logging of the other holes indicate very thick intercepts of petalite and spodumene-bearing pegmatite of up to 87 metres down-hole, for which assays are pending.
Pilbara Minerals plans to expand its Pilgangoora lithium portfolio with the acquisition of Dakota Minerals’s Lynas Find project for up to $8 million.
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce its unaudited interim results for the six months ended 30 June 2016.
Rare Earth Minerals plc (AIM: REM.L), announces its interim results for the six months ended 30 June 2016.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton