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Showing posts with label potassium. Show all posts
Showing posts with label potassium. Show all posts

Thursday, December 6, 2012

International Lithium Corp. Prepares Drilling and Bulk Sampling Program for the Mariana Potash-Lithium Brine Project, Argentina


VANCOUVER B.C., Dec. 6, 2012 (GLOBE NEWSWIRE) -- International Lithium Corp. ("ILC" or the "Company") (ILC:TSX-V) is pleased to announce that the Company has initiated permitting and preparations for drilling and bulk sampling brine for metallurgical testing on their wholly owned Mariana Potash-Lithium project in Argentina.

A combination of sonic and reverse circulation drilling is planned to occur in the first half of 2013 to develop an understanding of the resource potential for the entire salar, but focusing on the potash and lithium concentrations and distribution in the central one-third of the salar. GEOS Mining, an Australian geological consultancy with experience in brine resource estimation, has been retained to assist in planning the project and carry out the necessary studies to support a resource estimation if warranted at this stage.

The Company will also collect bulk samples of the brine to be used for more advanced process and recovery testing. The implementation of a program to install test evaporation ponds and a pilot plant is being considered for this stage in addition to hydrogeological, climatic and geophysical studies.
"It is important to our strategic partner that we gain an early understanding of the variations in the unique chemical composition of our source material. We will be working closely with their technical teams to evaluate process methodology and determine final lithium and potassium products that can be produced from the Mariana brines." commented Kirill Klip, President of International Lithium Corp., "By conducting these studies prior to a detailed resource evaluation, we can better direct our efforts to determine the economic viability of the project."

About the Mariana Project
For maps please see http://internationallithium.com/s/marianalithium_argentina.asp
The Mariana potash-lithium brine project at Salar de Llullaillaco in Salta, Argentina, consists of several contiguous mining claims that cover an expansive 160 square kilometres. The claims strategically encompass the entire salar and a significant portion of the surrounding area (to provide site facilities for a processing plant if the project proves to be economically viable). The claims are 100% wholly optioned by the Company.

Salars, or salt lakes, host some of the largest known lithium resources in the world and the Mariana basin is one of the more prominent salars in the renowned lithium belt of South America, currently accounting for more than 70% of global lithium production.

Initial surface brine sampling revealed highly compelling geochemistry reporting average grades of 440 milligrams per litre ("mg/L") lithium and 12,700 mg/L potassium.  The potassium levels were unexpected and represent some of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar in Chile.

International Lithium Corp. previously drilled four widely spaced reverse circulation drill holes (totalling 444 metres and positioned approximately 5 kilometers apart) to characterize the subsurface strata and brine within the 10 x 15 kilometer salar (salt lake).  Results indicate homogeneous geochemical concentrations to the maximum depth of the holes (approximately 100 metres).

The upper stratigraphic interval is primarily halite varying in depth from 18 to 32 metres in the peripheral areas and 66 metres deep proximal to the center of the salar.  Below this predominantly halite layer an extensive mixed evaporite layer approximately 32-52 metres thick, consisting of greater than 60% fine to coarse sand, was encountered in the three peripheral holes.  Below the evaporite sequences in all holes, an extensive medium to coarse grained, dark coloured, basaltic sand interval was encountered.   Brine flow measurements recorded during drilling increased markedly below the halite sequence throughout the sand rich layers.

Unconsolidated stratigraphic units with a significant granular or sand component possess physical characteristics that allow them to maintain a higher degree of permeability and porosity at greater depths than halite (salt) units.  Consequently, they represent a potential aquifer for hosting brine at depth and are an important target in the lithium-potash brine exploration model.  The measured brine densities, ranging from 1,190 to 1,298 grams per litre ("g/L"), reflect a considerable quantity of dissolved salts, approximately 10 times the salinity of seawater.

John Harrop, P.Geo, FGS, is the Company's Qualified Person on the project as defined under NI 43-101 and has reviewed the technical information contained in this press release.

About Jiangxi Ganfeng Lithium Co. Ltd.
Ganfeng Lithium, based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive product chain, including lithium metal and alloys, inorganic and organic lithium chemicals, supplies a wide range of lithium products for primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in 2000 and listed on the Shenzhen Stock Exchange in August 2010, notably as the first publicly listed lithium company in China and has experienced rapid continuous growth over the last 11 years.

Ganfeng Lithium is a major shareholder and strategic partner to International Lithium Corp., currently holding approximately 17.5% of the issued and outstanding shares of ILC.

About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salars, or 'salt lakes' in the region.
Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium Corp.'s mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits.

On behalf of the Board of Directors,
Kirill Klip
President, International Lithium Corp.
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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Caroline Klukowski
info@internationallithium.com
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Tuesday, May 15, 2012

Potash will be a valuable by-product of Rodinia Lithium's operation at Diabillos.

Rodinia Lithium Successfully Harvests Sylvinite On Site At Diablillos
  • SUCCESSFUL HARVESTING OF SYLVINITE DURING REGULAR OPERATION OF PILOT ENGINEERING PROGRAM
  • PILOT PROCESSING CONFIRMS EFFECTIVE REMOVAL OF SYLVINITE IN AN ISOLATED POND USING CONVENTIONAL EVAPORATION BASED PROCESSING
  • EVAPORATION CYCLE OF INITIAL PAN PILOT TEST SERIES COMPLETE CONFIRMING INITIAL PORTION OF THE METALLURGICAL PROCESS DESCRIBED IN PRELIMINARY ECONOMIC ASSESSMENT
Toronto, Canada, May 14, 2012: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) is pleased to report that sylvinite has been successfully produced and harvested at the Company’s 100% owned Diablillos lithium-potash brine project (“Project” or “Salar” or “Diablillos”) in Salta, Argentina.   Sylvinite, a potash and sodium chloride salt, has been harvested during operation of the pilot engineering program being conducted on site.  The results of the brine geochemical development during this pilot cycle was within the Company’s expectations and offers significant confirmation of the initial portion of the metallurgical process described in the Company’s Preliminary Economic Assessment conducted on Diablillos dated December 22, 2011 and filed on the SEDAR profile of the Company at www.sedar.com (the “PEA”).
William Randall, Rodinia’s President & CEO, commented, “Having harvested sylvinite during the regular operation of our pilot engineering program is a major milestone for the Company.  We remain confident that these results confirm our ability to produce potash from Diablillos using conventional methods employed by other major brine producers in South and North America.  This asset continues to meet our targeted milestones as we advance towards feasibility and production.”
This initial result from the pilot engineering program is from the first series of solar evaporation tests at ambient conditions of the Salar.  The evaporation was started May 2011 and concluded in April 2012.  The first series is one of five evaporation tests in progress.  Each test in pools and pans were started at different times of the year to see the effect of weather on the evaporation cycle chemistry.  The resultant brine from these evaporation tests will subsequently be processed for recovery of boron and lithium products.
The process engineering department continues to monitor the evolution of both the pools and pans installed on site at approximately 4050 metres above sea level.  As announced previously, a first stage of magnesium and sulphate removal has been completed, followed by successful removal of sylvinite in the ensuing step, confirming that potash is going to be a valuable by-product of an eventual lithium carbonate production facility.

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 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 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.
The Projects are 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 read and approved the scientific and technical information contained in this release.
Readers are cautioned that the PEA is preliminary in nature and is partly based on inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA based on these mineral resources will be realized. The results depend on inputs that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those presented here.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Investor Cubed Inc.                                                                                       
Investor Relations                                                                                         
Tel: +1 (647) 258-3311                                                                                   
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 timing with respect to the development of the property; the results of the pilot engineering 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.

Monday, November 7, 2011

Rodinia Lithium Receives Positive Preliminary Economic Assessment

Rodinia Lithium Receives Positive Preliminary Economic Assessment for the Diablillos Lithium Brine Deposit With NPV of Up to US$964 Million and IRR of 36% 

Today - by Marketwire 

Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF)

is pleased to announce the results of the Preliminary Economic Assessment ("PEA") completed on its 100% owned Salar de Diablillos lithium brine project ("Diablillos" or "Salar") located in Salta Province, Argentina. The PEA outlines an operation producing 15,000 tonnes lithium carbonate ("LC") per year and approximately 51,000 tonnes of KCl ("potash") per year, projecting a 34% internal rate of return ("IRR") pre-tax and a US$561 million pre-tax net present value ("NPV") at an 8% discount rate. The PEA also outlines Rodinia's available option to increase production to 25,000 tonnes LC and 85,000 tonnes potash per year. This increased production scenario generates a much higher pre-tax NPV estimate of US$964 million, along with a pre-tax IRR of 36%. Rodinia continues to advance the technical and processing aspects of the Salar and will commence a feasibility study once the PEA report is finalized. 

The PEA was completed by SRK Consulting (U.S.) Inc ("SRK") located in Lakewood, Colorado and is effective as of November 1, 2011. The brine resource model and resource estimate were provided to SRK by Paula Larrondo, Principal Geologist, P.Geo., of AMEC Internacional Ingenieria y Construccion Limitada, Santiago, Chile, Qualified Person ("QP") for the Company's NI 43-101 compliant recoverable lithium brine resource estimate. The complete PEA report will be filed on SEDAR and Rodinia's website within 45 days of this news release. 


The table below outlines the key findings of the PEA: 



Preliminary Economic Assessment Highlights (All currency is US$, pre-tax)
----------------------------------------------------------------------------
                                          15,000 tpa LC       25,000 tpa LC
----------------------------------------------------------------------------
NPV at 8% discount rate (pre-tax)     $     561 million   $     964 million
----------------------------------------------------------------------------
IRR (pre-tax)                                        34%                 36%
----------------------------------------------------------------------------
Total Initial Capital Costs           $     144 million   $     220 million
----------------------------------------------------------------------------
Operating Costs per tonne LC(i)       $           1,519   $           1,486
----------------------------------------------------------------------------
Operating Costs per tonne LC with
 potash and boric acid credits        $            (703)  $            (762)
----------------------------------------------------------------------------
Operating Costs per tonne KCl(i)      $             170   $             160
----------------------------------------------------------------------------
Average annual free cash flow(i)      $      89 million   $     150 million
----------------------------------------------------------------------------
Mine life                                           20+                 20+
----------------------------------------------------------------------------
Annual production rate of potash(i)              51,000              85,000
----------------------------------------------------------------------------
Annual production rate of boric
 acid(i)                                         18,000              31,000
----------------------------------------------------------------------------
Projected commencement of production               2015                2015
----------------------------------------------------------------------------
Years to payback                              1.6 years           1.5 years
----------------------------------------------------------------------------
(i) Averaged using years of full production, discounting ramp up period.

The PEA is preliminary in nature, includes inferred brine resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the estimates of the PEA will be realized.
William Randall, President & CEO of Rodinia, commented "This PEA is the product of quality work completed on schedule by Rodinia's expert staff and consultants. The PEA demonstrates that Diablillos has the potential to be a low cost producer of high purity, battery-grade, lithium carbonate, potash and boric acid using conventional, environmentally friendly methods to harvest the salts. Due to the favourable geochemistry of the brines, our potash and boric acid production is such that revenue from the sale of these products will result in credits in excess of US$3,500/tonne of LC, more than covering our total anticipated production costs. As long as prices for potash and boric acid remain at today's levels or higher, Diablillos has the potential to remain price competitive down to historic lows for lithium carbonate pricing."

Financial Sensitivity at Various Discount Rates (US$ millions over 20
years)(i)
----------------------------------------------------------------------------
                              10,000 tpa  15,000 tpa  20,000 tpa  25,000 tpa
Discount rate\Output                  LC          LC          LC          LC
----------------------------------------------------------------------------
6%                                   462         716         971       1,225
----------------------------------------------------------------------------
8%                                   361         561         764         964
----------------------------------------------------------------------------
10%                                  283         442         604         765
----------------------------------------------------------------------------
12%                                  223         350         481         610
----------------------------------------------------------------------------
(i) At an average LC price of US$5,500 per tonne. All figures are pre-tax.
Financial Sensitivity at Various LC Prices (US$ millions over 20 years)(i)
----------------------------------------------------------------------------
Price\Output      10,000 tpa LC  15,000 tpa LC  20,000 tpa LC  25,000 tpa LC
----------------------------------------------------------------------------
US$5,000                    322            503            686            868
----------------------------------------------------------------------------
US$5,500                    361            561            764            964
----------------------------------------------------------------------------
US$6,000                    399            619            841          1,060
----------------------------------------------------------------------------
US$6,500                    438            677            918          1,157
----------------------------------------------------------------------------
(i) At an 8% discount. All figures are pre-tax.

The Salar has favourable economic potential across a range of discount rates, annual production rates, and long-term LC prices. In all cases the Salar shows robust economics consisting of large NPV values and significant positive cash flows, which position it favourably relative to other PEA reports issued for salars at a similar stage of development in the Puna region of South America.
Will Randall elaborated on the preliminary economics of the Salar, "We are pleased with the results and initial conclusions of this PEA. While the assessment estimates robust economics with first quartile capital and operating costs, we gained considerable insight to further improve on these already favourable numbers. We will look to validate these opportunities during the Feasibility Study phase, which will commence once the PEA report is finalized." 

Economic Parameters and Assumptions
The PEA presents a base case operation producing 15,000 tonnes of battery grade lithium carbonate per annum and 25,000 tonnes of battery grade lithium carbonate in the optional production scenario. First production levels of 9,000 tpa LC (15,000 tpa LC for optional production) are expected to be reached after three years of mine construction and pre-production, with full production levels reached two years later. Allowing a further year for the completion of a Feasibility Study, the PEA contemplates initial production by 2015. Management will begin to evaluate methods in which feasibility level engineering and mine construction can be combined to expedite this production timeline. In particular, management will focus on construction of pilot ponds that will subsequently be employed in the commercial production circuit.
Details and Assumptions 

Total initial capital expenditures (including contingency) are estimated at US$144 million to produce 15,000 tpa LC and US$220 million to produce 25,000 tpa LC. The initial capital cost estimate excludes closure costs and sustaining capital. Sustaining capital requirements for years 1 to 20 of operation (15,000 tpa LC) were estimated to be approximately US$80 million including wellfield maintenance and replacement.

-----------------------------------------------------------------------
-----
                                              15,000 tpa LC    25,000 tpa LC
Summary of Estimated Initial Capital Costs   (US$ millions)   (US$ millions)
----------------------------------------------------------------------------
Wells & Ponds
----------------------------------------------------------------------------
  Wellfield                                               8               11
----------------------------------------------------------------------------
  Ponds                                                  57               94
----------------------------------------------------------------------------
  Other (wellfield & pond)                               11               16
----------------------------------------------------------------------------
  Contingency (20%)                                      15               24
----------------------------------------------------------------------------
LC Crude Plant & Refinery
----------------------------------------------------------------------------
  Plants                                                 17               25
----------------------------------------------------------------------------
  Other (carbonate plant)                                 9               12
----------------------------------------------------------------------------
  Contingency (20%)                                       5                7
----------------------------------------------------------------------------
Potash Floatation Plant
----------------------------------------------------------------------------
  Plant                                                  19               26
----------------------------------------------------------------------------
  Contingency (20%)                                       4                5
----------------------------------------------------------------------------
TOTAL                                                   144              220
----------------------------------------------------------------------------

Mine construction for a 15,000 tpa LC production facility requires the installation of 23 production wells, approximately 7 square kilometers of evaporation ponds for the production of lithium carbonate, potash and boric acid. At 25,000 tpa LC, the requirements increase to 53 production wells and 11.5 square kilometers. While the wells, evaporation ponds and potash plant are designed to be constructed on the Diablillos property, the current design contemplates constructing the boric acid and lithium carbonate plants off-site at an industrial park in Pocitos. Cost analysis performed on the various options, taking into account capital costs requirements and operating costs, indicated constructing the lithium carbonate and boric acid facilities where access, natural gas, and power are readily available presented considerable cost savings across the board.
A conservative pumping rate of 11 litres per second was employed for this study based on field test work. It is important to note that numerical groundwater flow and solute transport modeling, constraining well drawdown and accounting for dilution impacts on brine chemistry, has demonstrated that higher extraction rates can be achieved from the sand and gravel aquifers predominant at Diablillos. Once further tests are completed on production size wells management expects the estimated capital expenditures required for well construction to be significantly reduced. Pond construction considers an initial unlined pond, where brine is brought to saturation, followed by a series of subsequent lined ponds. There is natural clay occurring on or near Diablillos that will allow for construction of the initial ponds, offering cost savings over lined ponds. Any brine losses experienced in this unlined pond go straight back into the underlying Salar sediments and can be potentially recovered at a later date. 

The total average operating costs over 20 years are estimated to be negative at (US$703) per tonne LC once the potash and boric acid credits are applied, based on the following:

-----------------------------------------------------------------------
-----
Summary of Estimated Operating                                        (US$/t
 Costs                                (US$/t LC)    (US$/t KCl)  Boric Acid)
----------------------------------------------------------------------------
Wells & Ponds (total)                        408             46           85
----------------------------------------------------------------------------
  Brine transportation                       104             12           22
----------------------------------------------------------------------------
  Reagents                                   242             27           51
----------------------------------------------------------------------------
  Energy                                      49              6           10
----------------------------------------------------------------------------
  Labour                                      10              1            2
----------------------------------------------------------------------------
  Other                                        4              0            1
----------------------------------------------------------------------------
LC Crude Plant & Refinery (total)            972              -          203
----------------------------------------------------------------------------
  Reagents                                   791              -          165
----------------------------------------------------------------------------
  Energy                                     136              -           28
----------------------------------------------------------------------------
  Labour                                      37              -            8
----------------------------------------------------------------------------
  Other                                        9              -            2
----------------------------------------------------------------------------
Potash Flotation Plant (total)                 -             73            -
----------------------------------------------------------------------------
  Reagent                                      -              1            -
----------------------------------------------------------------------------
  Energy                                       -             64            -
----------------------------------------------------------------------------
  Labour                                       -              7            -
----------------------------------------------------------------------------
  Other                                        -              1            -
----------------------------------------------------------------------------
G&A                                           82              9           17
----------------------------------------------------------------------------
Transport                                     56             42           42
----------------------------------------------------------------------------
TOTAL                                      1,519            170          348
----------------------------------------------------------------------------
TOTAL LC w/ credits & royalty
 deductions                                 (703)
----------------------------------------------------------------------------

Well and pond costs as well as G&A costs were assigned to all three products according to the percentage of revenue generated by each commodity. Potash plant costs were assigned exclusively to potash and LC plant costs were distributed between lithium carbonate and boric acid, as both of these are produced in the same plant complex. By far the largest expense is the cost of reagents, and in particular soda ash and lime, followed by transportation costs. 

Consistent with practice in the industry, this PEA has been prepared with an engineering accuracy of +/- 30%. As the project progresses through the feasibility stage, advancement in the detail of engineering will improve the accuracy to approximately +/-15%. The PEA used commodity pricing provided by Rodinia that was assembled from various studies and sources, including industry leading reports and forecasts provided to the Company through its relationship with Forbes & Manhattan Inc., access to industry specialists (boric acid), and generally accepted industry standard pricing based on recently completed studies similar in nature to this PEA. The PEA assumed long-term commodity prices of US$5,500 per tonne LC, US$620 per tonne potash, and US$1,150 per tonne boric acid. 

PEA Report
The PEA was prepared in accordance with the guidelines of National Instrument 43-101 by the independent engineering firm SRK Consulting Limited with contributions from AMEC Internacional y Construccion Limitada ("AMEC") of Santiago, Chile, and Mr. Robert Cinq-Mars of North Carolina, USA (whose work experience includes 20 years with FMC Lithium Division as Manager, New Resources and Process Development). SRK is a leading full-service engineering and consulting firm. The final PEA technical report will be filed on SEDAR within 45 days. 

Description of Proposed Operation
The proposed operation for Diablillos will largely make use of conventional evaporation based processing, similar to those employed at Silver Peak (Nevada, USA) and Atacama (Chile). The brine is to be pumped from subterranean aquifers by a series of production wells to an initial unlined evaporation pond. The proposed lithium recovery process is a combination of solar evaporation steps, in-field brine treatment, by product potash ("KCl") and boric acid recovery and chemical processing to produce lithium carbonate. The process results in a high lithium recovery of approximately 65%. The process contemplates a series of six ponds from largest to smallest, where the largest is used to bring brine to saturation and is designed to be unlined reducing the capital cost of pond construction. Sylvinite is to be harvested from the third pond, which is proposed to be subsequently upgraded through a conventional floatation process to muriate of potash. Brine extracted from the final pond will have a concentration of approximately 12% lithium chloride and will be transported to the treatment facility in Pocitos, where boric acid and lithium carbonate are produced. For further details please refer to the press release dated October 11, 2011. 

Groundwater and Solute Transport Modeling
SRK evaluated potential brine extraction for Diablillos to produce lithium carbonate, potash and boric acid. This modeling was based on the resource estimate conducted previously by AMEC (please refer to the press release dated April 11, 2011), and on work completed more recently by Rodinia and SRK; in particular the completion of pumping tests and additional drilling. The work was completed based on the development of 3-D numerical groundwater and solute transport models and included the assessment of:

--  The number of extraction wells needed to meet production targets, their
    locations, total pumping rates and the subsequent drawdown in
    surrounding areas

--  Expected changes in lithium, potassium and boron concentrations within
    the extracted brine over time given possible surface water dilution and
    dilution from surrounding areas containing lower concentrations of these
    components

SRK completed the numerical modeling using MODFLOW-2005 (groundwater flow) and MT3DMS (solute transport) finite-difference codes that are supported by Visual MODFLOW software (SWS, 2010).
Analyst and Shareholder Conference Call
Rodinia will host a conference call at 8:30 AM Eastern Standard Time on Tuesday, November 8, 2011 to discuss the PEA results. To participate in the call please dial the following:
International:                +1 (416) 340-2217
Toll Free North America:      1-866-696-5910
Participant Code:             4326413

To register and listen to the webcast of the call, please go to Rodinia's website at www.rodinialithium.com. 

Qualified Person
The PEA was prepared under the supervision of Mr. Terry H. Braun, with SRK. Mr. Braun relied on the independent QP contributions of Ms. Paula Larrondo (brine resource), Mr. Bob Cinq-Mars (process design) and Dr. Vladimir Ugorets (brine extraction modeling). Mr. Braun is an independent Qualified Person as defined by NI 43-101 and Mr. Braun is independent of Rodinia. Mr. Braun has reviewed and is responsible for the technical information contained in this news release. 

About Rodinia Lithium Inc.:
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 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study. 

The Company also holds 100% mineral rights to approximately 70,000 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.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43-101.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. 

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; anticipated timing with respect to the completion of a preliminary economic assessment, 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.
Investor Relations
+1 (647) 258-3311

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


SOURCE: Rodinia Lithium Inc.
mailto:info@rodinialithium.com
http://www.rodinialithium.com
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Friday, April 8, 2011

Rodinia Lithium lands former FMC Executive for management team.

Rodinia Lithium Retains Services of Former FMC Lithium Division Manager, New Resources & Process Development8:37AM ET on Thursday Apr 07, 2011 by Marketwire

Rodinia Lithium Inc. ("Rodinia" or the "Company") ( RM.v  and RDNAF.PK) is pleased to announce it has contracted the services of Mr. Bob Cinq-Mars, a specialist in Chemical Process Development, to oversee elements of process design and management.

Mr. Cinq-Mars has a wealth of experience in process design and management, whose work experience includes 20 years with FMC Lithium Division as Manager, New Resources and Process Development. During his time with FMC Lithium Division, Mr. Cinq-Mars work included process research and development of three routes to recover lithium from new reserves, physical evaporation studies in the laboratory to support process design, and identification of alternate lithium resource in the world.

Monday, April 4, 2011

One of worlds largest lithium deposits confirmed in economic assessment!

Rodinia Lithium Inc. Rodinia Lithium Inc.

TSX VENTURE: RM
OTCQX: RDNAF

Apr 04, 2011 07:00 ET

Rodinia Lithium Announces Commencement of Preliminary Economic Assessment for the Salar De Diablillos

-- Recoverable inferred resource of 2,800,000 tonnes lithium carbonate equivalent marks major milestone for the company

-- Represents one of the largest recoverable lithium brine resources in the world