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March 2, 2011
Toronto, Ontario, March 2, 2011: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to report receipt of an independent brine resource estimate for its Salar de Diablillos lithium-brine project (“Diablillos” or the “Salar”), located in Salta, Argentina, conducted by AMEC Internacional Ingenieria y Construccion Limitada (“AMEC”). The resource estimate reports an inferred brine resource of 932,000 tonnes of lithium (“Li”) metal, 10,404,000 tonnes of potassium (“K”) and 1,083,000 tonnes of boron (“B”), which is equivalent to 4,959,000 tonnes of lithium carbonate equivalent (“LCE”), 19,837,000 tonnes of potassium chloride (“PE” or “potash”) and 6,194,000 tonnes of B203 (“Boric Acid”). The project has an average magnesium to lithium ratio (“Mg:Li”) of 3.68 and an average sulphate to lithium ratio (“SO4:Li”) of 14.48.
William Randall, President and CEO of Rodinia, commented “this resource estimate positions Diablillos amongst the premiere lithium and potash bearing salars in the world. This represents one of the largest estimated brine resources in the world. In addition to its size, the brine geochemistry is favourable with low magnesium-to-lithium and sulfate-to-lithium ratios. Based on the above, the Company believes the project has the potential to become a producer of lithium, potassium and boron products in the near future.”
AMEC developed a geological model based on the data provided by Rodinia management that was subsequently independently validated. The geological model subdivided the Salar into three aquifers with distinct geological and geochemical characteristics:
A table showing the breakdown of the resource estimate is shown in Table 1.
Table 1 – Inferred Brine Resource Estimate, Diablillos Lithium-Potash Project, Salta, Argentina as of February 22, 2011
| Aquifer | Volume | Total Porosity | S. G. | Concentration | Tonnage | LCE | PE | BAE | ||||
| (1000 m3) | (%) | Li (mg/l) | K (mg/l) | B (mg/l) | Li (Mt) (1000) | K (Mt) (1000) | B (Mt) (1000) | Li2CO3 Mt eq. (1000) | KCl Mt eq. (1000) | Boric Acid Mt eq. (1000) | ||
| I | 276,465 | 27.50% | 1.10 | 592 | 6,298 | 647 | 45 | 479 | 49 | 240 | 913 | 281 |
| II | 1,463,920 | 32.50% | 1.07 | 471 | 5,269 | 540 | 224 | 2,507 | 257 | 1,193 | 4,780 | 1,469 |
| III | 3,460,855 | 32.50% | 1.10 | 589 | 6,595 | 691 | 663 | 7,418 | 777 | 3,526 | 14,144 | 4,444 |
| TOTAL | 5,201,240 | 32.23% | 1.09 | 556 | 6,206 | 646 | 932 | 10,404 | 1,083 | 4,959 | 19,837 | 6,194 |
Table 1 - Inferred brine resource estimate for the Salar de Diablillos. Equivalent tonnages are reported as in situ in metric tonnes (“Mt”) and were calculated using standard conversion rates as determined by the chemical composition of the final product, and are independent of price and mining processes. A 230 mg/l Li cut off was used for all resource estimations.
Notes:
Rodinia began work on Diablillos in 2010. By the end of the same year management had completed an extensive auger sampling program and had drilled 16 reverse circulation drill holes covering the entire basin, collecting data that included lithology, specific gravity, flow rates, temperature and other field measurements. Additionally, downhole geophysical logging (porosity and density), sediment and brine sampling was conducted at regular intervals where possible. The exploration program included a property- wide gravity and topographical survey. The results were indicative of relatively high grade of lithium contained within the brines and were deemed adequate for an initial resource estimate.
Lithium mineralization is confined within the enclosed basin. Vulcan software wireframe solids were generated by AMEC for the different domains, as well as the basement and topography surfaces. The Diablillos block model was created using Vulcan using a 250x250x6m block size with sub blocks down to 50x50x2m for aquifers II and III. For Aquifer I, where auger sampling was done on a 300x300m spacing, and the parent block size was 50x50x6m with sub blocks down to 25x25x2m. Block grades were calculated using squared inverse distance (“ID2”) grade estimation methodologies. All blocks were assigned an Inferred Mineral resource classification. At depth resources within the third aquifer, were limited by an interpolated surface representing 30m below the total depth of drill holes.
The independent brine resource estimate prepared by AMEC is consistent with the standards set out in Canadian Securities Administrators’ National Instrument 43-101. A complete National Instrument 43-101 Technical Report, which will incorporate the brine resource estimation, will be filed on Sedar within 45 days of release of this press release.
The resource model and brine resource estimation, was completed and/or supervised by Paolo Bevacqua, P. Geo, Senior Hydrogeologist, of AMEC Internacional Ingenieria y Construccion Limitada, Santiago, Chile. By virtue of his background and professional experience Mr. Bevacqua is a “Qualified Person” as defined by NI 43-101. The Project was supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43-101.
ihr die erste Resoucenschätzung von Rodina? Gibt es Meinungen / Kommenatre dazu?? Wer kennt sich gut aus mit Li-Minengesellschaften??
Rodina schreibt:
Weil es sich um eine sogenannte "Inferred" Angabe handelt, reagiert der Markt wohl auch noch zurückhalten, denn letztlich zählen nur Measured & indicated, d.h. Rodina muss in der nächsten Zeit versuchen, möglichst viel der inferred Kategorie in die nächst höhere zu übertragen.
interessiere mich selber auch sehr fuer lithium und hab mich auch ein bischen umgesehen, nun wuerde mich interssieren, warum du ausgerechnet in rodinia investiert hast?
lg
bin jetzt auch mit einer kleinen position drin, was meinst du, woher kommt der abwaertstrend? news technisch findet man ja nichts´...
haben sich die "inferred" resourcen mal eben halbiert. Weniger schön, bleibt zu hoffen, das die jetzt mitgeteilte Menge den tatsachen entspricht.
Gruß
http://www.rodinialithium.com/news/index.php?&content_id=161
Habt ihr irgendeine ahnung oder eine schaetzung, wann die zum produzieren anfangen koennten?
wann bistn du rein? bei welchem kurs? wenn man fragen darf....
dann dauerts ja nicht mehr so lang bis ins gruene bei dir.
ich bin bei 0,31 rein...
Toronto, Canada, January 8, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) announces that Mark Eaton has resigned as a director on the board of directors of the Company effective December 31, 2012 to comply with corporate governance best practices with respect to the number of boards on which certain officers should sit.
William Randall, Rodinia’s President & CEO, commented, “Mark has been a key member of the Rodinia team over the past 3 years, and played an instrumental role in helping the Company assess strategic opportunities and finance our growth. On behalf of the board and management team, I would like to thank him for his contributions to the Company and wish him well in his other endeavours.”
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com.
For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
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| 47 | Mal schauen was hier kommt | leonardo50618 | nobby2 | 04.04.24 17:38 | ||
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| 72 | Billigste Lithium Aktie | micha1 | Biomedi | 25.04.21 03:15 | ||
| 2 | 100 | Rodinia Lithium. EXPLORATION | brunneta | brunneta | 25.04.21 02:03 |
