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Mineral Resources Provides Quarterly Activities Report for June 2017

31 Jul 2017  |  19:16:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Mineral Resources provided quarterly activities report for June 2017 reporting that results of recent re-sampling and infill drilling at the Wodgina Lithium Project carried out between September 2016 and June 2017 have provided a 64% increase in the JORC resource estimate to 198 MT at 1.18% Li20. During the quarter re-negotiations were finalised for the offtake pricing mechanism with offtake partner Ganfeng Lithium Co, which will deliver pricing linked to international lithium carbonate and hydroxide prices rather than bilateral spodumene market prices. Existing RC sample pulps from previous drilling programs at Wodgina have been retrieved from storage and submitted to Nagrom Laboratories for assaying for Li2O. A total of 3,390 assays have been received.

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