Volatile global lithium prices has forced Green Technology Metals to tweak its mine development plans for its Root Project, northeast of Sioux Lookout.
The Australian company recently released a new mineral resource estimate and an updated preliminary economic assessment for Root, one of its two lithium plays in the region.
In examining various mine development scenarios, the company said the PEA shows “favourable economics” for Root by using a combination of open-pit and underground mining methods.
The new estimate for Root shows the resource has increased by 38 per cent to 20.1 million tonnes at 1.24 per cent lithium oxide. The estimate comes from two deposits on the 23,000-hectare property.
Green Tech imagines Root as a 213,000-tonne-per-year producer of lithium spodumene rock.
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