Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Tantalex Lithium Resources (TTX) has announced a Maiden Mineral Resource Estimate (MRE) for the Manono Lithium Tailings Project in the DRC
  • Mineral Resource defined by 11,922 m of drilling in a total of 368 drillholes
  • 5.46 million tonnes at 0.72 per cent Li2O in the Measured and Indicated category
  • 6.63 million tonnes in total Inferred Mineral Resources at a grade of 0.49 per cent Li2O
  • CEO Eric Allard joined Daniella Atkinson to discuss the results
  • Tantalex Lithium Resources is a mineral exploration and development company focused on lithium, tin, tantalum and other high-tech minerals in Africa
  • Tantalex Lithium Resources (TTX) opened trading at C$0.105

Tantalex Lithium Resources (TTX) announced a Maiden Mineral Resource Estimate for the Manono Lithium Tailings project in the Democratic Republic of Congo.

Key highlights:

  • 5.46 million tonnes at 0.72 per cent Li2O in the Measured and Indicated category;
  • 6.63 million tonnes in total Inferred Mineral Resources at a grade of 0.49 per cent Li2O
  • Lithium contained in spodumene and amenable to the production of 6 per cent Li2O Spodumene Concentrate (SC6)
  • Mineral Resource defined by 11,922 m of drilling in a total of 368 drillholes
  • Quick path to production: material on surface, already crushed; no strip ratio, low mining costs

CEO Eric Allard joined Daniella Atkinson to discuss the news.

“With this Mineral Resource Estimate, Tantalex Lithium now enters a select group of near-term lithium producers. Our relatively easy and low-cost mining process gives us an incredible advantage in our speed to market compared to other lithium peers. With SC6 lithium prices likely set to remain above US$4,000/t for the next 6-8 years, our focus is now to bring an initial production of 100,000 tons per annum of SC6 to market by 2025. With no offtake agreements yet entered into, our project is currently attracting important offtake interest.’’

Tantalex Lithium Resources is a mineral exploration and development company focused on lithium, tin, tantalum and other high-tech minerals in Africa.

Tantalex Lithium Resources (TTX) opened trading at C$0.105.


More From The Market Herald

" From corporate launch to upcoming initial resource estimate, here’s one of 2022’s top lithium performers

Lithium Ionic Corp. has been hailed as the multi-billion-dollar blueprint next door by analysts.

" Successful gold explorer makes NEW polymetallic discovery

Northstar Gold has been making headlines over the past couple of years advancing its high-grade flagship Miller Gold Property.
The Market Herald Video

" Trillion Energy (CSE:TCF) to commence 3D seismic reprocessing project for SASB

Trillion Energy (TCF) has announced the commencement of its 3D seismic reprocessing project for SASB.
The Market Herald Video

" CanadaBis Capital (TSXV:CANB) provides shareholder update

CanadaBis Capital (CANB) provided an update for shareholders and highlighted its financial performance over the past four quarters.