11 July 2024
11 July 2024
The first pour yielded around 440oz of gold, with the project on schedule for commercial production in the second half (H2) of 2024.
The plant will process 10,000 litres of lithium-enriched brines daily, making it one of the largest direct lithium extraction (DLE) plants in North America.
The mine produced and sold cobalt ore concentrates with cobalt grades of up to 16.67% and gold grades of up to 68 grams per tonne (g/t).
The deal will allow the company to conduct a comprehensive exploration programme targeting uranium deposits.
The Jupiter Project encompasses 48 unpatented claims and is situated near “well-maintained” infrastructure.
The drilling will explore untested favourable lower plate carbonate host rocks within the Wenban and Roberts Mountains Formations.
The partnership will see the creation of a new company, which will purchase spodumene from Wolfsberg's Zone 1.
The company can initially acquire an 80% interest in the project by committing to a structured payment plan.
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