BEIJING (Asian Metal) 23 May 19 – On May 22, Lithium Australia NL announced that it has completed a Mineral Resource Estimate for a portion of the Youanmi Complex in the mid-west region of Western Australia.
The Inferred Mineral Resource at Youanmi has been estimated at 185 Mt at 0.33% V2O5 using a cut-off grade of 0.2% V2O5. It comprises oxide resources of 96 Mt at 0.34% V2O5 and fresh resources of 88 Mt at 0.33% V2O5. It is located within E57/978, held by Diversity Resources Pty Ltd, over which Lithium Australia has an option to purchase.
Lithium Australia will evaluate the metallurgical characteristics of the oxide mineralization at Youanmi, initially focusing on the potential for direct leaching of the vanadium and associated base metals. A drilling program is being planned, to enable a reasonable quantity of oxide material to be recovered over the full depth of the oxidized profile. Preliminary evaluation of the fresh material will also be undertaken and drilling of the nearby lithium pegmatites has the necessary statutory approvals and should commence in the September quarter, weather permitting.
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