The US Federal Aviation
Authority (FAA) has issued a safety alert to airlines,
urging them to conduct a safety risk assessment to manage
dangers associated with the transport of lithium-ion (Li-ion)
The warning, or safety alert for operators
(SAFO), reiterated advice previously issue by aircraft
manufacturers Boeing and Airbus and called on airlines that had
already completed assessments to re-evaluate these in light of
further evidence gained through recent battery tests.
The SAFO covers Li-ion batteries carried
in bulk as cargo on passenger and commercial aircraft, but not
those contained within personal equipment.
ASX-listed Altura Mining
Ltd has released prefeasibility study (PFS) results
for its Pilangoora lithium project in Western Australia
The report indicated that a base case of a
1m tpa ore process rate would yield a life of mine revenue of
Australian dollar (A$) 1.35bn ($665m*) , a life of mine cash
flow of A$609m, a net present value (NPV) of A$277m and
internal rate of return (IRR) of 42.5% (at an 8% discount
Total predicted ore feed is 18.92m tonnes,
which would allow production of 2.886m tonnes spodumene
The PFS also increased the resource
estimate for Pilangoora by 37% to 35.7m tonnes, using a
breakeven cut-off grade of 0.4% Li2O.
Mithrill Resources Ltd,
another ASX-listed junior, has identified a number of
occurrences of outcropping pegamite considered prospective for
lithium at its Leaky Bore project in Australia’s
This brings to six the pegamite
occurrences identified at Leaky Bore, on which Mithrill intends
to conduct geochemical sampling and geological mapping in the
The site is also prospective for both
copper and nickel sulphide mineralisation.
Lithium Australia NL said
that maiden results from recently completed fieldwork confirmed
the presence of seven lithium pegamites at its Ravensthope
project in Western Australia (WA).
Assay results from 19 samples of lithium
mineralisation from the core lithium zones of the pegamites
ranged from 1.26% Li2O to 4.23% Li2O,
with a mean of 2.96% Li2O.
The company said that the findings
indicate that the grade and scale of mineralisation is of
economic significance and warrants closer investigation.
ASX-listed Exterra Resources
Ltd has acquired an option to purchase a 90% stake in
the Moolyella project in the Archean Pilbara Craton, WA.
Exterra will pay a A$5,000 fee for a
six-month option period and issue 5m shares to the unnamed
vendor to exercise the option.
Moolyella consists of one exploration
license application covering 86km2. Exterra said
that rock chip values of up to 1.82% Li2O had been
recorded within the tenement area from limited reconnaissance
In Canada, ASX-listed Ardiden
Ltd has entered an option agreement to acquire the
Root Lake spodumene project in Ontario from AIM-listed
Landore Resources Ltd.
Ardiden will pay Landore a Canadian dollar
(C$) 50,000 ($24,956) holding deposit upfront, plus two
payments of C$150,000 in equity and cash if they proceed with
the deal after a 150 day due diligence period.
Root Lake holds two pegamite outcroppings
– the Root Lake pegamite and the McCoombe pegamite.
The McCoombe deposit has been reported to contain 2.3m tonnes
at 1.3% Li2O, although the resource is neither NI
43-101 nor JORC compliant.
Separately, Ardiden expects drill
approvals for its Seymour Lake project, which it purchased last
month and is also situated in Ontario, within the next two
weeks, with drilling due to begin shortly after.
TSX-V-listed Critical Elements
Corp. has entered into a binding agreement with
Lepidco Ltd for the sale of up to 75% of the
Lemare lithium project, a 158 claim site, spread over 7,433 ha
(74 km2) in Quebec, Canada.
Critical will earn C$15,000 in cash on
signing, followed by C$70,000 in cash and C$500,000 in either
shares or cash upon exercise of a right to farm-in following a
due diligence process.
In return, Lepidco will gain a 50%
interest in the site, provided it spends C$2m on exploration
licenses and delivers a JORC resource for Lemare resource by
the end of 2017, to increase to a 75% interest provided it
completes a definitive feasibility study (DFS) and
environmental study by mid-2020 and pays Critical a further
Finally, AIM-listed European
Metals Holdings Ltd (EMH) has completed a detailed
geological model for its Cinovec lithium deposit in the Czech
Republic, which identified a series of shallow, higher grade
The model, which showed higher grade
mineralisation to be hosted preferentially in greisen rocks,
will now be used, along with recent drill results, to update
the site’s current mineral resource model and
allow EMH to investigate targeting the newly identified
Cinovec currently has an inferred resource
of 514.8m tonnes at 0.43% Li2O.
*Conversions made February