Lithium Energy Doubles Graphite Inventory with Corella Resource
THE DRILL SERGEANT: Lithium Energy (ASX: LEL) announced a JORC Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Corella graphite project in Queensland.
Lithium Energy recently completed resource definition drilling at the Corella Tenement that has delivered a JORC Inferred MRE of 13.5 million tonnes at 9.5 per cent total graphitic carbon (TGC) (at a cut-off grade of 5%) for 1.3 million tonnes of contained graphite.
Sitting within the Corella mineralisation envelope is a higher-grade JORC Inferred Mineral Resource of 4.5 million tonnes at 12.7 per cent TGC for 0.57 million tonnes of contained graphite.
The new MRE has effectively doubled Lithium Energy’s Total Graphite Inventory in Queensland to 2.6 million tonnes of contained graphite with the addition of the Corella deposit to the Burke deposit that comprises a JORC Indicated and Inferred Total Mineral Resource of 9.1 million tonnes at 14.4 per cent TGC for 1.3 million tonnes contained graphite.
“The major increase in our graphite inventory contributed from the Corella Project adds significant value to the overall Burke graphite project,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.
“In particular, the additional resource provides the company with the potential for expanded development options for our proposed vertically integrated battery anode material manufacturing facility based in Queensland.
“These potential options will be considered as part of the engineering studies currently being undertaken at Burke.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
