Global Geoscience demonstrates potential for low-cost processing of lithium boron

Published 24-JAN-2017 15:21 P.M.

|

2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

Shares in Global Geoscience (ASX: GSC) have spiked 30% in January, and news released on Monday suggests confidence in the stock may have been driven by imminent results from metallurgical test work at its Rhyolite Ridge lithium boron project in Nevada.

It should be noted share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

Results continue to demonstrate the potential for simple, low-cost processing to produce lithium carbonate and boric acid.

On this note, Managing Director, Bernard Rowe said, “The metallurgical program is aimed at evaluating a simple process route involving crushing, screening and flotation followed by diluted acid leaching to liberate lithium and boron, and that this relatively simple process route using established technologies is expected to compare favourably to other sources of lithium including brine and spodumene deposits”.

The results released on Monday relate to step one of the process (crushing, screening and attrition to separate clay and reduce acid consuming carbonate minerals), which showed that lithium boron rich mineralisation is mainly composed of relatively coarse material, comprising between 40% and 44% searlesite.

Results show mineralisation amenable to further concentration and acid leaching

The results also demonstrated that the mineralisation is likely to be amenable to further concentration and acid leaching with modest acid consumption levels.

The high levels of searlesite and the low proportion of clay as outlined in the table below demonstrate the likely prospect of separating remaining clay via intense agitation in water.

The initial results are from a sample of lithium boron mineralisation collected from outcropping along the western margin of South Basin and within the Mineral Resource. The same test work is currently being undertaken on drill core samples with results imminent.

The initial drilling program has been completed, with two holes being drilled at North Basin and three at South Basin for a total of 1246 metres. Assay results are expected over the next 3 to 4 weeks.

tags

LITHIUM


General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X