Posted by admin on Sep 21, 2016 in Featured, Industry News | 0 comments
The head of lithium producer Orocobre says scepticism around lithium has been overblown, with the market for the commodity set to remain tight for years to come.
Brisbane-based Orocobre, the largest of the pure-play lithium companies listed on the Australian Securities Exchange, on Monday unveiled a $US21.9 million ($29m) loss for the 2016 financial year as it absorbed unfavourable currency movements and ramp-up issues at its Salar de Olaroz lithium project in northern Argentina.
But the company confirmed it was on track to finally hit nameplate capacity at Salar de Olaroz by November, with its annual output set to more than double from 6903 tonnes last year to over 15,000 this year.
Orocobre has been among the big beneficiaries of the rise in investor interest in the lithium sector over the past year. Its shares have gone from $1.68 to more than $4 as the market bets on significant growth in lithium batteries due to electric vehicles and home energy storage systems.
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Posted by admin on Sep 21, 2016 in Company News, Featured | 0 comments
- Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
- Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
- 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta
Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.
Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.
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Posted by admin on Sep 21, 2016 in Company News, Featured | 0 comments
Ron Hieber is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981. In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital.
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Posted by admin on Sep 20, 2016 in Company News, Featured | 0 comments
- lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project
- Anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery
Vancouver, BC / September 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 13, 2016, lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project.
Durango’s anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery. No trenching or blasting was completed on the first phase reconnaissance program which took place in August 2016, as the scope of the program was limited to identifying pegmatites and sampling for lithium values.
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Posted by admin on Sep 20, 2016 in Company News, Featured | 0 comments
- American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.
September 20, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property. Sonic drilling is capable of reaching a depth of 500 feet and is used for determining the characteristics and orientation of subsurface playa sediments. The ultimate goal of this program is to confirm the presence of a fine grained green sand and silt logged as volcanic ash in previous drilling on the property. This horizon is thought to be correlative to the Main Ash Aquifer on the adjacent Albermare/Rockwood lithium producing property. (ref. Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada; Jeffrey B. Hulen, PG, 2008)
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Posted by admin on Sep 19, 2016 in Lithium News | 0 comments
ALBANY, New York, Sep 19, 2016 ALBANY, New York, September 19, 2016 /PRNewswire/ —
Transparency Market Research (TMR) has announced the release of a new report on the global lithium-ion battery market. The report examines the historical trajectory of the global market and presents detailed forecasts regarding the market’s development from 2016 to 2024. The report examines the competitive dynamics, segmentation, and major drivers and restraints of the global lithium-ion battery market in order to provide a complete overview. The report is titled ‘Lithium-ion Battery Market for Consumer Electronics, Automotive and Grid Energy & Industrial Application – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024’ and is available for sale on the official website of TMR. According to the report, the opportunity in the global lithium-ion battery market is poised to rise from US$29.68 bn in 2015 to US$77.42 bn in 2024, registering a strong CAGR of 11.6% therein.
Download Sample Report Copy or for further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=251
Application of Lithium-ion Batteries in Automotive Segment to Gain Momentum by 2024
By power capacity, the low power lithium-ion battery (5-25 Wh) segment held the lead in the global market, accounting for a 35% share in 2015. On the other hand, the 18-28 KWh segment is projected to witness significant growth in the coming years, registering a 16.7% CAGR by value from 2016 to 2024. Based on application, the consumer electronics segment accounted for the leading share in the lithium-ion battery market in terms of revenue. However, TMR predicts that market saturation in several countries will enable the automotive segment to gain much momentum, exhibiting the fastest growth during the forecast period.
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Posted by admin on Sep 16, 2016 in Company News, Featured | 0 comments
PACIFIC NORTH WEST CAPITAL CORP.
(PFN:TSX-V)
Two Divisions: PGM and Lithium
- PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources. New Discovery in 2015. Summer Surface Exploration ongoing and a Fall 2016 drill program to follow-up.
- Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.
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