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Avalon advances Separation Rapids lithium project



Avalon Advanced Materials (TSX: AVL; US-OTC: AVLNF) has begun a new drill campaign at its 100% owned Separation Rapids lithium project, 70 km by road from Kenora, Ont. It aims to drill seven holes totaling 1,500 metres in an attempt to increase its resource.

As of a Nov. 15, 2017, resource estimate, Separation Rapids contains 8.12 million measured and indicated tonnes grading 1.37% lithium oxide and 0.36% rubidium oxide.

According to a 2016 preliminary economic assessment (PEA), the 24 sq. km property could produce 14,600 tonnes of lithium hydroxide plus 100,000 tonnes of feldspar mineral concentrate per year for at least 10 years.

Total capital expenditure for this model was estimated at $514 million, inclusive of $86 million in contingencies and $7 million in sustaining capital. This includes the mine, concentrator and a hydromet plant assumed to be in Kenora. The hydromet plant accounts for approximately 50% of the total expenditure.

Continue reading at The Northern Miner.


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1 Comment » for Avalon advances Separation Rapids lithium project
  1. Doug Marcotte says:

    A significant developing lithium and multi-element district in the early stages of progressing towards hosting several high value deposits with the aim of becoming key suppliers to the global Lithium end users and the rapidly growing worldwide “new energy” innovation developments.

    Also of key importance within this early stage developing lithium district is the recently announced robust pre-feasibility study (PFS) released to market on March 2, 2018 by Frontier Lithium indicating a life of mine revenue of $1.86 billion dollars (2 year payback) on minimal drilling conducted to date. Deposit remains open at depth and in all directions.

    Without hesitation, a high margin lithium and multi-element district is in the very early stages of gaining market recognition.

    Doug Marcotte

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