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Showing posts with label RM. Show all posts
Showing posts with label RM. Show all posts

Wednesday, June 12, 2013

Rodinia Lithium Provides Processing Update On Progress At Diablillos


Toronto, Canada, June 11, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM) is pleased to provide an update on its small scale pilot pond system at its wholly owned Salar de Diablillos lithium-potash project, located in Salta Province, Argentina.  The small scale pilot pond system, which has been working continuously since February 2012, has been providing on site experience and allowing for several advances in the metallurgical process.  Highlights from the pilot pond system include:
  • Second batch of lithium carbonate produced, increasing purity to 99.79% Li2CO3
  • Additional work completed to improve removal of interfering magnesium and sulphate ions
  • Developed and demonstrated an alternate method to produce caustic soda during the process
  • Use of caustic soda later  in the production process, potentially reducing reagent costs
  • Work continues on site to improve yield, develop separation techniques and reduce raw material costs
William Randall, President & CEO of Rodinia, commented “While we experienced delays due to a variety of factors, including a third straight year of record rainfall during January and February, we are on track to deliver an updated economic study on the project.  Results of additional work conducted on the Salar lead us to believe the updated study will be in line with our previously completed Preliminary Economic Assessment, showing very robust figures with relatively low capital expenditure.  Management believes that the high returns and low capital output of the project are attractive components in the current financial climate.”

During the first quarter of 2013, a second process run on a larger scale was completed, resulting in the production of a second batch of lithium carbonate.  The process employed remains largely the same as the Company’s initial run, but the increased quantity of lithium carbonate produced allowed for a hot water wash to improve the quality of the lithium carbonate.  This additional step in the process resulted in increased lithium carbonate purity of 99.79%.

In addition to completing production of a second batch of lithium carbonate, the Company’s engineering team has been operating the small scale pilot pond system continuously in search of improvements in the process design.  The engineering department has been successful in lowering magnesium and sulphate concentration below levels achieved in previous runs.  Removal of magnesium and sulphate ions to achieve low concentration levels in accordance with the Company’s process design has been successful.

In addition, a significant development has been achieved in the production of caustic soda during the evaporation sequence.  An alternate method was tested on the Salar in an attempt to harvest caustic soda during the regular operation of the evaporation ponds.  The Company remains encouraged that the successful harvesting of caustic soda could result in lowered externally sourced reagent use, which in turn, has the potential to lead to meaningful operating cost savings.

The Company expects to provide further updates of work completed on the Salar de Diablillos over the coming months.
The project is supervised by Bob Cinq-Mars, P. Eng. Mr. Cinq-Mars is considered a Qualified Person, as defined by National Instrument 43‐101 and has reviewed and approved the scientific and technical information contained in this press release. Mr. Cinq-Mars is not independent of the Company.

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.

Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2013, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 15,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

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
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated effects of the results and the impact of such results with respect to the pilot pond system, the timing with respect to future results, timing with respect to the completion of an updated economic study; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information please contact Aaron Wolfe
Investor Cubed Inc. Vice-President, Corporate Development
Investor Relations Tel: +1 (416) 309-2696
Tel: +1 (647) 258-3311

Tuesday, February 8, 2011

Rodinia Lithium using proceeds of bought deal to develop Nevada and South American Brine Properties

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE: RM
OTCQX: RDNAF

Feb 08, 2011 09:29 ET

Rodinia Lithium Inc. Closes CDN$11.5 Million Bought Deal Equity Financing


TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) -
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION TO THE UNITED STATES

Rodinia Lithium Inc. (TSX VENTURE:RM)(OTCQX:RDNAF) ("Rodinia" or the "Company") is pleased to announce that it has closed its previously announced offering, sold by a syndicate of underwriters on a bought deal basis led by Dundee Securities Ltd., and including Byron Securities Limited, Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. (collectively, the "Underwriters"). The financing consisted of 19,837,500 units of the Company (the "Units") sold at $0.58 per Unit for gross proceeds of $11,505,750, including the exercise of the Underwriters' over-allotment option for 2,587,500 Units. Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable for one Common Share at a price of $0.75 any time up until 5:00pm (Toronto time) on August 8, 2012.

The net proceeds raised under the offering will be used for the advancement of the Company's Salar de Diablillos lithium brine projects, the Clayton Valley lithium brine project and for general corporate and working capital purposes.

Monday, December 6, 2010

Rodinia Lithium Inc. Intersects 204 Metres Grading 536 mg/L Lithium at Salar de Diablillos

4 hours ago by Marketwire
Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF), is pleased to report that it continues to intersect high-grade lithium and potash in its reverse circulation drilling exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar"). The Company has commissioned a second drill which is already operational on the property as a result of the successful exploration program and to ensure timely delivery of an initial resource estimate.

William Randall, President and CEO of Rodinia, commented "we continue to intersect high quality lithium brines in the southern portion of the Salar. Hole D-RC-11 is remarkable in that we have intersected 204 metres of high grade mineralized brines in a single aquifer composed almost exclusively of sand and gravel. These conditions are extremely favourable, especially in an area we did not have high expectations for. The drills have now moved to the northern portion of the Salar where the higher grade brines are expected, based on the auger drill results."

Results from the latest four drill holes are summarized in Table 1. All the holes reported in this press release were drilled in the southern lower grade portion of the Salar as determined by the surface auger drilling. The reverse circulation drill holes were drilled vertically to ensure proper representation of the stratigraphic column. As in the previous drill holes, the distribution of lithium concentrations over the hole are remarkably even, suggesting that the entire stratigraphic column below the near surface clays represents a single aquifer, composed primarily of sands and gravels. The clay content in all holes drilled to date has been low to negligible. Holes D-RC-10 and D-RC-11 both may have encountered basement rocks towards the bottom of the hole where schistose material was detected in the cuttings. The depths at which the basement is thought to have been encountered are substantially greater than those predicted by the gravity survey, increasing the potential value of the basin.
-----------------------------------------------------------------------
-----
                   From          Interval     Li      K      B
Drill Hole          (m) To (m)        (m) (mg/l) (mg/l) (mg/l)  Mg:Li SO4:Li
----------------------------------------------------------------------------
D-RC-08         Artesian brine
                        @ 70.5               260   2200    550   3.50  14.23
----------------------------------------------------------------------------
zone open at depth
----------------------------------------------------------------------------
D-RC-09              24     60         36    521   6063    556   3.64  14.96
----------------------------------------------------------------------------
zone open at depth
----------------------------------------------------------------------------
D-RC-10            brine @ 36m               560   7100    480   4.29   8.39
----------------------------------------------------------------------------
D-RC-11              60    264        204    536   5638    741   3.48  12.09
----------------------------------------------------------------------------
Asampling procedure was enforced by management to ensure sample integrity during the drill program. Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted. Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment. After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine. Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.

The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
--------------------------------------------------------------------------------------------------------
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; the anticipated timetable with respect to the an initial resource estimate; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3311

Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com

SOURCE: Rodinia Lithium Inc.
http://www.rodinialithium.com
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Thursday, November 11, 2010

Rodinia Lithium Inc. Hits Lithium Fountain at Salar De Diablillos, in Argentina



Rodinia hits virtual lithium guyser, Grading 540 Mg/L At Salar De Diablillos


November  2010
  • ARTESIAN BRINE INTERSECTED IN LAST THREE DRILL HOLES WITH VALUES UP TO 540 MG/L LITHIUM, 5500 MG/L POTASSIUM, 660 MG/L BORON AND A MG:LI RATIO OF 3.33
  • EXPLORATION PROGRAM CONTINUES TO DELIVER POSITIVE DRILL RESULTS, EXPANDING ZONE APPROXIMATELY 4 KM EAST AND 4.5 KM SOUTH OF D-RC-01
  • SIGNIFICANT INTERCEPTS INCLUDE 510 MG/L LITHIUM OVER 90 METRES AND 530 MG/L LITHIUM OVER 72 METRES IN D-RC-03 AND D-RC-04 RESPECTIVELY
  • ARTESIAN LITHIUM BRINE REMAINED UNABATED AND DENSITY INCREASED OVER A 3 DAY SPAN WITH A PRESSURE AND VELOCITY THAT PUSHED THE ARTESIAN COLUMN APPROXIMATELY 13 METRES ABOVE THE SALAR SURFACE (please see figure 1)
Toronto, Ontario: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to report that it continues to intersect high-grade lithium and potash in its reverse circulation drilling exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina (“Diablillos” or the “Salar”).  The Company remains encouraged by the results of the exploration program and reinforces its belief that the project has the potential to become a lithium, potash and boric acid producer in the near future.
William Randall, President and CEO of Rodinia, commented “the fact that we are routinely intersecting artesian conditions containing high grade lithium values is, in our opinion, extremely positive.  We believe that these results indicate that the subsurface brines are spouting to surface and increasing in salinity and density as they continue to flow. This is a rare phenomenon which may add significant value to the project.  Equally exciting is the fact that we intersected these brines in the southern portion of the basin where, based on our auger drilling, we expected lower grade brines due to the proximity of the river. In our opinion these results indicate the potential for the majority of the basin to contain lithium rich brines.”
Results from the most recent five drill holes are summarized in Table 1.  All the holes reported in this press release are open at depth and in all directions, bound only by the basin limits.  The reverse circulation drill holes were drilled vertically to ensure proper representation of the stratigraphic column.  As in the previous drill holes the distribution of lithium concentrations over the hole are remarkably even, suggesting that our entire stratigraphic column below the near surface clays represents a single aquifer, composed primarily of sands and gravels.  The clay content in all holes drilled to date has been low to negligible.
Drill Hole From (m) To (m) Interval (m) Li (mg/l) K (mg/l) B (mg/l) Mg:Li SO4:Li
D-RC-03 18 108 90 510 5608 654 3.58 18.97
including 48 108 60 562 6322 640 3.35 17.74
zone open at depth
D-RC-04 36 108 72 530 6292 668 5.02 18.14
zone open at depth
D-RC-05 artesian brine @ 48m 530 5700 690 3.00 18.90
zone open at depth
D-RC-06 18 84 66 471 5054 732 2.84 18.92
Including artesian brine @ 52.5m 430 4700 670 2.84 18.92
zone open at depth
D-RC-07 42 100.5 58.5 515 5340 619 3.32 14.92
including artesian brine @ 100.5m 540 5500 660 3.33 16.85
zone open at depth
A sampling procedure was enforced by management to ensure sample integrity during the drill program.  Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted.  Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment.  After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine.  Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.
The project is supervised by Ray Spanjers, Rodinia’s Manager of Exploration.  Mr Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release.  According to the Company’s sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation.  The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis.  A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America.  The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium 
For further information please contact
Neil Simon                         
Investor Cubed Inc.                                     
Tel: +1 (647) 258-3310
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

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