Lepidico - Alvarroes resource increases 290 percent
On 11 April, Lepidico announced an updated global mineral resource estimate of 5.87Mt at 0.87% Li2O at Alvarrões in Portugal, of which two-thirds (by tonnage) is contained within pegmatites and the remaining third within a 0.5m mineralised halo within the granite host rock. Although the average grade of the resource appears to have decreased, this can be attributed to the inclusion of the halo within the estimate. Excluding it, the aggregate grade of the pegmatite mineralised units has actually risen. Moreover, whereas before 100% of the resource was classified in the lower-confidence inferred mineral resource category, in the updated estimate 44.3% resides within the indicated category.Lepidico is engaged in mineral exploration and the development and licensing of L-Max® technology. Co.'s lithium portfolio of exploration and commercial ventures include the Lemare project in Canada; the Euriowie project near Broken Hill in New South Wales, Australia; Third Element Metals Pty Ltd, a joint venture in Brazil; a joint venture in Argentina; and L-Max® licence arrangements with Lithium Australia Ltd. and European Metals Holdings Limited. Co. also retains its interest in the East Pilbara Polymetallic project, which is located in the East Pilbara region of Western Australia. The L-Max® process allows the extraction and recovery of lithium from lithium bearing micas.
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