Lithium Chile samples up to 26 g/t Au at Carmona
Lithium Chile Inc. has received assay results from the first batch of samples taken from its 100-per-cent-owned Carmona gold-silver property. These initial sample results support the potential for Carmona to host a number of gold/silver bearing zones. There were a number of high-grade intercepts identified from this initial sampling program.Read More
The highlights are as follows:Gold and silver values from rock samples range from 0.5 to 26.2 g/t gold and 2.1 to 256 g/t silver;Highest grade sample of 26.2 g/t gold is from newly discovered zone within the northern half of a 13 km2 central area;Phase 1 samples are from the central core alteration zone which lies along a structural axis through the central portion of the property;Anomalous samples cluster into three main areas from six to 13 km2 and totaling 26 km2;The southernmost area includes several old mine workings and rock samples from some of these workings ranged from 12.4 to 18.3 g/t gold and 95.4 to 231 g/t silver over widths of 1.5 to 2.0 meters
The Company expects to receive assays from an additional batch of rock samples by mid month. The exploration team returned to the property on August 28 to start the phase 2 detailed follow up sampling and trenching program on an expedited basis. Map 1To view an enhanced version of Map 1, please visit:https://orders.newsfilecorp.com/files/5962/63144_5df5b4a574fe4965_001full.jpg
Steve Cochrane, President and CEO of Lithium Chile, comments, “We are extremely pleased from the initial sample results from our Carmona gold/silver prospect. These early samples confirm the potential for Carmona to host a number of gold/silver deposits. We now have an expanded exploration program on the property underway and look forward to additional results soon. With the high level of interest in gold these days and indeed Lithium Chile’s gold properties, it is our intention to advance exploration development on these prospects as quickly as possible.”
Mr. Terence Walker, M.Sc., P.Geo, qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. During the course of the exploration program all samples were collected by experienced Lithium Chile staff. Each sediment was sieved in the field to obtain about I kg of -18 mesh fines, bagged and sealed on site. Each rock sample consisted of 1 -1.5 kg of representative chips taken continuously from outcrop or across mineralized structures, was bagged and sealed on site. All samples were delivered by Lithium Chiles staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped a 30g sub-sample pulp to their laboratory in Lima, Peru where they were analyzed for gold by fire assay pre-concentration, AA finish and 35 other elements, including copper and silver, by the ICP technique following Agua Regia digestion.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 110,280 hectares covering sections of 11 salars and two laguna complexes in Chile.
Lithium Chile now also owns 5 properties that are prospective for gold, silver and copper. The Carmona and La Fortuna properties lie in the heart of the Chilean Maricunga gold belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.
Kincora Copper gets permits for 17 holes at Trundle
Kincora Copper Ltd. has provided an exploration update following the recent successful equity placement and site visit review by senior team members. The Company has obtained permits for a further 17 drill holes and has renewed landowner access agreements. Kincora also reports further drilling encouragement at the Mordialloc prospect in our search for the high-grade core of a porphyry copper-gold system at the Trundle brownfields project located in the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia.Read More
John Holliday, Technical Committee chair, and Peter Leaman, Senior VP of Exploration, commented: “Drilling at the Mordialloc prospect is continuing to provide significant indications of being in close proximity to a high-grade part of the porphyry system.
Kincora’s third hole at Mordialloc is currently drilling, intersecting intense propylitic alteration with some veined zones hosting chalcopyrite mineralization. This further confirms our view that the Mordialloc prospect of the Trundle project has the potential for the discovery of an economic gold rich copper porphyry deposit.
With access re-established after the local lambing season, the team is very excited to shortly resume drilling at the Trundle Park prospect located in the southern part of Trundle. An extensive drilling program is planned to follow up the near surface skarn system potential and to continue testing for a causative underlying mineralized porphyry copper-gold deposit, suggested by favourable results in our first drill hole.
The recent capital raising provides funding to continue the systematic drill focused exploration programs at both Mordialloc and Trundle Park. With new permits in place for a further 17 holes across the Trundle project and a good working relationship with the landowners and local stakeholders, the Company is well placed to significantly advance our exploration targets in the upcoming months.”
Figure 1 : Trundle is the only brownfield porphyry project held by a listed junior in the Macquarie Arc , Australia’s foremost and gold rich porphyry belt
Trundle is the western section of the Northparkes intrusive complex, that hosts the second largest porphyry mine in Australia, with initial Kincora drilling taking place at targets 8.5km apart
Figure 2: Initial and significantly expanded drilling program at Trundle
Figure 3: Favourable and untested end-of-hole geochemistry and geophysics support large target zones that offer the potential for new clusters of mineralized porphyry related deposits
Surface and end-of-hole geochemical anomalies over MVA magnetics at the northern Mordialloc and southern Trundle Park prospect areas
The Mordialloc prospect
As previously announced, assay results from Kincora’s first hole (TRDD002) at the Mordialloc target confirmed historical drilling results and returned metal grades comparable to the distal zones of the Northparkes and Cadia-Ridgeway porphyry deposits within inner- to outer propylitic style hydrothermal alteration – see July 23 rd, 2020 press release for further details.
These results together with previously untested industry-leading “Typhoon” induced polarization (IP) and magnetic surveys completed by previous explorer High Powered Exploration (HPX), and anomalous and increasing copper, gold and molybdenum grades towards the end of CTD006 (hole ending at 524 metres) encouraged Kincora to step out approximately 150 metres south of TRDD002 with drill hole TRDD005 (the second Kincora hole at the Mordialloc target).
TRDD005 was drilled to 958 metres and returned multiple broad zones of anomalous copper, gold and molybdenum, including localized moderate to higher grade intervals. A summary of anomalous assay results and notable intervals is shown in Table 4.
Significantly, a relatively shallow previously unidentified skarn was also intersected in TRDD005 (including 12m at 0.33g/t Au and 0.29% Cu from 138m, including 2m at 1.4g/t Au and 1% Cu from 142m). While returning anomalous and encouraging mineralization and alteration, the drill hole is interpreted to have been drilled to the east away from the targeted mineralized quartz monzonite porphyry complex – see Figure 4.
The favorable higher-grade results from TRDD005, coupled with significant grades from prior drill hole CTD006 (44 metres @ 0.15% Cu, 0.12g/t Au, 41ppm Mo) encouraged Kincora to drill TRDD006 to the west. Propylitic alteration and surface mineralization have also been identified at surface in this area, and rock chip samples were collected and are currently being assayed. Together with the results from TRDD005 and TRDD006, this supports the concept of multiple mineralizing positions, phases of intrusions, with the potential for the discovery of a near surface finger porphyry deposit.
Drill hole TRDD006 is ongoing at 727 meters depth with encouraging alteration and visual sulphides (including chalcopyrite) having been intersected, supporting the concept of close proximity to a potassic and higher grade core of the targeted system.
The first drill hole at the Mordialloc target (TRDD002) is proposed to be reopened and extended as interpretation of the alteration and assay results suggest these may represent the halo of a mineralized porphyry intrusion system.
Further drilling in addition to the ongoing TRDD006 and the extension of TRDD002 is proposed to aggressively test the targeted finger porphyry setting and potential clustering of associated mineralized systems across a significant strike where anomalous surface and end of hole geochemistry, and geophysics are complementary – see Figure 3. Similar vectoring from drill hole alteration indicators was the exploration approach that was the key to the discovery of Cadia-Ridgeway, the majority of the Northparkes deposits and also Alkane Resource’s recent discovery at Boda.
Figure 4: Cross section of current drilling at the Mordialloc target
Alteration and mineralisation returned in TRDD006, TRDD005 and CTD006 provide strong encouragement for close proximately for the targeted high-grade potassic core of a Macquarie Arc “finger” or “pencil” porphyry target
The Trundle Park prospect
Kincora is excited to shortly resume drilling at the southern Trundle Park target following the completion of TRDD006, and the end of seasonal lambing and the provision of updated permits and landholder access agreements.
The Company’s first drill hole (TRDD001) intersected multiple significantly mineralized skarn zones including 51 metres @ 1.17 g/t gold and 0.54% copper from 39 metres and 18 metres @ 0.53 g/t gold and 0.05% copper from 284 metres. TRDD001 also intersected broad anomalous mineralization (including 21.1m @ 0.25 g/t Au and 0.03% Cu from 664m to end of hole) in the outer zone of the targeted adjacent porphyry intrusion system – see July 6 th, 2020 press release for further details.
Kincora’s second follow up drill hole (TRDD004) was drilled 269 metres to the west of TRDD001, a considerable step out, and was completed to 694 metres targeting a blind finger porphyry and not targeting the previously intersected high-grade skarn mineralization in TRDD001. TRDD004 did not intersect any skarn alteration and is interpreted to have intersected volcanics intruded by monzodiorite and monzonite across a fault block with minor potassic alteration at the bottom of the hole – anomalous results presented in Table 3. Such a fault setting is not uncommon in other Ordovician age porphyry systems in the Macquarie Arc and TRDD004 has assisted understanding of the fault blocks and potential preservation levels within the Trundle Park target.
With unencumbered access high priority drilling at Trundle Park will initially test the northern and southern strike of alteration and mineralization intersected in TRDD001 within the same interpreted fault block – see Figure 1. These holes will seek to test both the standalone near surface gold rich skarn and underlying finger porphyry potential at the Trundle Park target.
The Bayley’s prospect
Drill hole TRDD003 was completed to 721.5 metres at the Bayley’s target confirming an interpreted fertile porphyry setting with zones of anomalous mineralization within the targeted quartz monzonite porphyry – see Table 2.
Further potential remains within the Bayley’s target zone, with drilling proposed in the second stage of the ongoing drilling program seeking to test the standalone potential for a finger porphyry within the larger northern Mordialloc intrusive complex. However, due to encouraging results with TRDD002 and TRDD005, combined with access (lambing) and permit constraints a second hole up hole was not completed during phase 1 of Kincora’s maiden drilling program.
The Trundle project
Kincora’s Trundle project is the only brownfield porphyry copper-gold project held by a listed junior in Australia’s foremost porphyry belt, within the same mineralized complex as Australia’s second largest porphyry mine. Trundle is located west of the China Molybdenum Company Limited (CMOC) operated Northparkes copper-gold mine/mill operation, within the same Northparkes Igneous Complex.
Previous explorer drilling has been extensive at Trundle with the completion of 2208 holes for 61,146 metres, but deeper drilling utilising modern exploration knowledge has been very limited. Over 92% of prior drilling has been completed to less than 50 metres depth and is considered to be too shallow, with just 11 holes beyond 300 metres (0.5% of holes drilled).
Following positive initial drilling results from Kincora’s maiden drilling program in August 2020, the Company completed an oversubscribed $5.33 million equity raising, with proceeds primarily to be used to expand the initial six hole program to over twenty drill holes with an additional 11,000 metres of drilling. Kincora’s primary targets, Mordialloc and Trundle Park, lie 8.5km apart and have not been drill tested since the industry leading HPX proprietary Typhoon IP system and detailed magnetic surveys were completed.
Highlighted background information
August 26 th, 2020: Kincora Oversubscribed Offering to Accelerate Drilling at Trundle
August 4 th, 2020: Corporate presentation:
July 17 th, 2020: replay of the Noosa Mining Virtual conference investor presentation (free registration):
June 19 th, 2020: John Holliday – Cadia Discovery History Talk via GeoHug
June 9 th, 2020: RRS Special Event: Investor Webinar featuring Kincora Copper (TSX.V: KCC) and RareX Limited (ASX: REE)
April 7 th, 2020: Richard Schodde and John Holliday video interview of the Lachlan Fold Belt
March 18 th, 2020: Press release: Kincora closes agreement with RareX
January 30 th, 2020: Press release: Kincora grows a district scale landholding in the Lachlan Fold Belt
Sampling and QA/QC procedures are carried out by Kincora Copper Limited, and its contractors, using the Company’s protocols as per industry best practise.
All samples have been assayed at ALS Minerals Laboratories, delivered to Orange, NSW, Australia. In addition to internal checks by AS, the Company incorporates a QA/QC sample protocol utilizing prepared standards and blanks for 5% of all assayed samples.
Diamond drilling was undertaken by DrillIt Consulting Pty Ltd, from Parkes, under the supervision of our field geologists. All drill core was logged to best industry standard by well-trained geologists and Kincora’s drill core sampling protocol consisted a collection of samples over mineralized sections of the logged core.
Sample interval selection was based on geological controls or mineralization, and/or guidance from the Technical Committee provided subsequent to daily drill and logging reports. Sample intervals reflect geological boundaries, are cut by the Company and samples prepared in line with these geological boundaries, and delivered to ALS.
All reported assay results are performed by ALS and widths reported are drill core lengths. There is insufficient drilling data to date to demonstrate continuity of mineralised domains and determine the relationship between mineralization widths and intercept lengths, true widths are not known. The following assay techniques have been adopted: Gold: Au-AA24 (Fire assay), reported. Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and ME-MS61 (4 acid digestion with ICP-AES & ICP-MS analysis for 48 elements), the latter report for TRDD001 and former reported for holes TRDD002- TRDD005. Copper oxides and selected intervals with native copper: ME-ICP44 (Aqua regia digestion with ICP-AES analysis) has been assayed, but not reported. Assay results >10g/t gold and/or 1% copper are re-assayed.
The scientific and technical information in this news release was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and was reviewed, verified and compiled by Kincora’s geological staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and Technical Committee Chairman, who are the Qualified Persons for the purpose of NI 43-101.
The review and verification process for the information disclosed herein for the Trundle project has included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora’s geological staff using standard verification procedures.
About Kincora Copper Limited
(KCC – TSXV)
Kincora is an active junior and systematic explorer seeking to make a major discovery in Mongolia, the Lachlan Fold Belt in Australia and other prospective complementary jurisdictions.
Our technical team is credited with multiple discoveries of Tier 1 copper assets. In 3Q’19, Kincora made the strategic decision to opportunistically pursue entry into the Macquarie Arc, in Central West of NSW. This is Australia’s foremost porphyry belt, home to the giant Cadia, Northparkes mines and recent Boda discovery by Alkane Resources.
The Macquarie Arc is synergistic in line with Kincora’s core focus. It offers: the same scale of target (world-class); the same commodity mix (copper-gold or gold-copper); the same mineralized setting (porphyry and/or epithermal gold); supports a similar systematic exploration approach/exploration methods; and, is a region where the team has had significant exploration success.
Regulus Resources begins trading on OTCQX
Regulus Resources Inc.’s common shares commenced trading on the OTCQX Best Market, a top-tier public market in the United States, under the symbol RGLSF. Regulus will continue to trade on the TSX Venture Exchange under the symbol “REG”. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company at http://www.otcmarkets.com.Read More
“We are pleased to welcome Regulus Resources to the OTCQX Best Market,” said Chris King, Senior Vice President of Corporate Services at OTC Markets Group. “Regulus Resources joins the growing number of Canadian companies that choose to cross-trade their shares in the U.S. on OTCQX, leveraging the market to efficiently distribute news and information and providing easier access for U.S. investors to trade their shares.”
John Black, Chief Executive Officer of Regulus, commented as follows : “As Regulus continues to grow, so too does our shareholder base. We are very pleased to be trading on the OTCQX which will increase our visibility and accessibility to our current and prospective U.S. and global shareholders. “
B. Riley FBR acted as the Company’s OTCQX sponsor. B. Riley FBR is the marketing name for B. Riley Securities, Inc., a full-service investment bank and subsidiary of B. Riley Financial, Inc., based in Los Angeles with offices across the United States, providing corporate finance, research, sales and trading services.
About Regulus Resources Inc. and the AntaKori Project
Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts a resource with indicated mineral resources of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 million tonnes with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press release dated March 1, 2019). Mineralization remains open in most directions.
Globex talks drill results on Kewagama royalty holding
On Sept. 2, 2020, Radisson Mining Resources released the results of recent drilling on its O’Brien project near Cadillac, Que., including high-grade gold intercepts on the Kewagama gold mine portion of the project on which Globex Mining Enterprises Inc. holds a 2-per-cent net smelter return royalty.Read More
The following is an extract from Radisson’s press release dealing with the gold intercepts on the Kewagama gold mine portion of the O’Brien project property on which Globex has the 2-per-cent net smelter return royalty.
Press release highlights (per Radisson’s Sept. 2, 2020, press release)
Potential third high-grade mineralized trend (Kewagama area), 900 metres east of the O’Brien mine:
- Hole OB-20-149 returned 45.86 grams per tonne gold over 2.10-metre core length (vertical depth of 500 metres) with visible gold showing in a smoky quartz vein:
- The intercept was obtained 260 metres below defined resources in a sparsely drilled area 900 metres east of the old O’Brien mine.
- Hole OB-20-146 returned multiple high-grade intercepts, including:
- 17.90 grams per tonne gold over 2.15-metre core length (vertical depth of 105 metres), including 28.50 grams per tonne gold over 1.35 metres;
- 21.29 grams per tonne gold over 2.00-metre core length (vertical depth of 260 metres), including 42.40 grams per tonne gold over 1.00 metre.
- Hole OB-20-144 returned 5.79 grams per tonne gold over 2.00-metre core length (vertical depth of 135 metres):
- The intercept was obtained 25 metres above defined resources.
- Resources in the area are mostly above 250-metre vertical depth. Mineralization is open for expansion laterally and at depth.
Results from hole OB-20-144, OB-20-146 and OB-20-149, in conjunction with historical results, appears to be highlighting a third high-grade steeply dipping mineralized trend located approximately 900 metres to the east of the old O’Brien mine. Further drilling is planned to confirm continuity down to 500-metre vertical depth (260 metres below the limit of resources in the area), where hole OB-20-149 intersected 45.86 grams per tonne gold over 2.10 metres. Mineralization remains open for expansion laterally and at depth below 500 metres.
This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex, in his capacity as a qualified person under National Instrument 43-101.
Noront shareholders approve matters at annual meeting
Noront Resources Ltd. has released the voting results of the annual and special meeting of shareholders held on Sept. 3, 2020. Shareholders voted in favour of the election of all director nominees. The percentage of votes cast for each director is as shown in the attached table.Read More
Directors % of votes for % of votes withheld Outcome Alan Coutts 94.76% 5.24% Elected Jean-Paul Gladu 94.93% 5.07% Elected Gregory Honig 94.75% 5.25% Elected Bo Liu 95.92% 4.08% Elected Paul Parisotto 94.98% 5.02% Elected John Pollesel 95.30% 4.70% Elected Matthew Quinlan 95.34% 4.66% Elected
The shareholders voted in favour of all matters brought before the meeting. The results of the other matters considered at the meeting, including the appointment of auditors, reapproval of the company’s stock option plan and amendment to the company’s share award plan, are reported in the report of voting results as filed on SEDAR on Sept. 3, 2020.
A video presentation update from Alan Coutts, president and chief executive officer of the company, is available on the company’s YouTube page.
The amendment to the share award plan increased the number of common shares made available as awards under the share award plan by six million common shares to a maximum of 10 million common shares, representing 2.14 per cent of the issued and outstanding commons shares as of the record date. The amendment to the share award plan received disinterested shareholder approval, meaning common shares held by directors and officers and other insiders to whom awards may be granted under the share award plan (as well as their respective affiliates and associates) were excluded from voting on the approval of the amendment.
Millrock Resources hires Cross as CFO
Millrock Resources Inc. has engaged Dave Cross as the new chief financial officer of the company.Read More
Mr. Cross is a chartered professional accountant and certified general accountant, and he is a co-founder of Cross Davis & Co., a CPA firm that has focused on providing accounting and management services to publicly listed companies since 2010. In total, Mr. Cross has over 23 years of accounting experience, starting in 1997 with a Vancouver-based CPA firm. Mr. Cross has extensive knowledge and experience in the mining and mineral exploration sector. In terms of education, Mr. Cross holds a British Columbia Institute of Technology diploma in financial management. He presently serves as chief financial officer for other TSX Venture Exchange companies, including International Tower Hill Mines, New Range Gold and Wealth Minerals.
Outgoing chief financial officer Keith Granberry is leaving Millrock to pursue another opportunity in Alaska. He has committed to assist with a smooth transition as the new chief financial officer takes on the responsibilities of the position. Millrock is grateful for the accomplishments Mr. Granberry has made over the past decade and wishes him good fortune with his next career.
Golden Predator arranges $1.7-million private placement
Golden Predator Mining Corp. has arranged a non-brokered private placement of up to 4.25 million flow-through shares at a price of 40 cents per share. The proceeds of the private placement will be applied to the company’s Brewery Creek project and general working capital. Closing of the private placement is subject to TSX Venture Exchange approval. The company has engaged Clarus Securities Inc. and PowerOne Capital Markets Ltd. as financial advisers in connection with the offering and will pay fees on a portion of the offering.
HPQ-Silicon 4.5-million-share private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.Read More
Number of securities: 4.5 million common shares
Purchase price: 60 cents per common share
Warrants: 4.5 million share purchase warrants to purchase 4.5 million shares
Warrants exercise price: 61 cents per share for a period of 36 months following the closing of the private placement
Number of placees: two placees
Insider/pro group participation: none
Finder’s fee: none
The company has confirmed the closing of the private placement in a news release dated Sept. 1, 2020.
Canada Silver 12,261,327-unit private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 2, 2020.Read More
Price: 55 cents
Warrants: 12,261,327 share purchase warrants to purchase 12,261,327 shares
Exercise price: 65 cents
Term: three years
- DGW Capital Corp. $56,980 and 103,600 warrants;
- Haywood Securities Inc. $3,850 and 7,000 warrants;
- Kreuzfeld AG $11,550 and 21,000 warrants;
- Richardson GMP Ltd. $3,850 and 7,000 warrants;
- PI Financial Corp. $3,118.50 and 5,670 warrants;
- Ray Kenney $4,427.50 and 8,050 warrants;
- Canaccord Genuity Corp. $770 and 1,400 warrants;
- Mackie Research $11,550 and 21,000 warrants;
- Roche Securities Ltd. $17,500 and 31,818 warrants;
- Henrik Mikkelsen $3,850 and 7,000 warrants.
The finders’ warrants are exercisable at 65 cents for three years.
American Manganese lab increases recycling capacity
American Manganese Inc.’s contract research lab, Kemetco Research, has further optimized the processing capacity of the pilot plant’s preleach stage from 160 kilograms per day to 292 kg per day of lithium-ion battery cathode scrap material. The preleach stage is where the cathode active material — comprising lithium, nickel, manganese and cobalt — is separated from the aluminum foil. The improvement can be attributed to the specialized pieces of equipment announced in the July 30, 2020, press release.Read More
Prior to the recent optimization results, the preleach processing capacity was successfully increased from 64 kg/day to 160 kg/day with engineering upgrades, including thermal control of exothermic reactions, which enabled the lithium-ion battery cathode recycling pilot plant to operate at a higher pulp density, as announced in the company’s June 9, 2020, press release.
“Optimization testing has been a beneficial learning curve and we are thrilled to announce a 356-per-cent increase in the preleach processing capacity of the pilot plant, which we can incorporate into the detailed engineering of our commercial plant design,” said Larry Reaugh, president and chief executive officer of American Manganese.
In response to the preleach processing capacity upgrades, American Manganese and Kemetco will advance the pilot plant optimization testing by increasing the capacity of the subsequent leach circuit to balance the greatly increased capacity of the preleach stage.
Lithium-ion battery cathode scrap from battery megafactories is an immediate opportunity in the recycling market and American Manganese recognized this early by commissioning the pilot plant project and strategizing the commercial plant around cathode scrap feedstock. As recently indicated by Benchmark Mineral Intelligence, an average lithium-ion battery scrap rate of 10 per cent could result in as much as 64,000 tonnes lithium chemical, 96,000 tonnes graphite anode, 45,000 tonnes nickel, 18,000 tonnes cobalt and 22,000 tonnes manganese being recycled by 2025, which would be equivalent to the entire lithium-ion battery market in 2017.