For thousands of other reports visit RSC's Mineral Intellingence Map
Novo Litio Ltd.
Summary
| Project: | Sepeda | |
|---|---|---|
| Deposit: | Sepeda | |
| Location: | Portugal | |
| Commodities: | Lithium-Tin-Tantalum | |
| Date: | 9/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-9-2017: Novo Litio Ltd. announces a Scoping Study report for its Sepeda deposit at the Sepeda project. Scoping study finds that the mineral concentrate production scenario is highly favourable. The Scoping Study referred to in this announcement has been | |
| Resources: | (Resource, Inf.): 10.3Mt @ 1.0% Li2O, 0.05% Sn, 28ppm Ta2O5 at project | |
| CP/QP: | [Overall Report]: Francis Wedin (Internal) | |
| ABSTRACT: | The Scoping Study referred to in this announcement has been undertaken to assess various development options for the Sepeda Lithium Project. It is a preliminary technical and economic study of the potential viability of the Sepeda Lithium Project. It is based on low level technical and economic assessments that are not sufficient to support the estimation of ore reserves. 100% of the current Mineral Resource is currently in the Inferred category. There is a low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of Indicated mineral resources. For this reason, in accordance with Section 8.5, ASX Guidance Note 31, Novo Lítio cannot disclose production targets, forecast financial information or income-based valuations related to the Scoping Study, but instead discloses appropriate information of a technical nature to ensure the market is properly informed of the company's prospects. Novo Lítio instead makes aspirational statements, announces exploration targets and discloses parts of the study that do not contain production targets. The aspirational statements are based on the entity’s current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. Further exploration and evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met. This work is ongoing, as part of Phase 3 and 4 exploration programmes. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report