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London – The Rio Tinto Group has discovered pure mineral reserves and updated data on mineral resources from its lithium borate exploration and processing project in Jadra, Serbia.
Source: Tanjug
Photo: Epa / EFE
The mineral reserve is 16.6 megatons with 1.81 percent lithium oxide and 13.4 percent boron trioxide, Rio Tinto said in the report to the Australian Stock Exchange, reports the Indikator portal. ba.
Nuclear mineral resources consist of 55.2 megatons of indicated resources of 1.68 percent lithium oxide and 17.9 percent boron trioxide, with an additional 84.1 megatons of assumed resource of 1.84 percent of lithium oxide and 12.6 percent boron trioxide, Rio Tinto said.
The mineral resource in which the basic mineral reserve is located has been updated to include additional drilling that has resulted in an updated geological model.
Mineral resources are reported to have been excluded from mineral reserves, the company said.
At the end of July 2020, the project became a feasibility study, with an investment of almost $ 200 million in a scope that includes detailed engineering, land acquisition, labor, and preparation for construction, permits and development. infrastructure project, which is expected to be completed by the end of 2021 and, if approved, construction could take up to four years, Rio Tinto said.
Previous feasibility studies have shown that Jadar may have the potential to produce both lithium carbonate and boric acid batteries, providing lithium products in the electric vehicle value chain for decades, according to the statement.
Jadar, discovered by Rio Tinto geologists in 2004 near the city of Loznica in western Serbia, could produce approximately 55,000 tons of battery grade lithium carbonate, as well as 160,000 tons of boric acid and 255,000 tons of sulfate of sodium as by-products annually, the portal said. .
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