https://newsletter.mw.creamermedia.com
PROJECT|Projects|Resources|Surface
PROJECT|Projects|Resources|Surface
project|projects|resources|surface

Astute optimises Nevada lithium projects

13th August 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Astute Metals has decided to relinquish two projects in Nevada, as it focuses its resources and time on the projects it believes have the greatest potential to create value for shareholders.

The company will let go of the Polaris and Altair projects. Although these projects have delivered encouraging anomalous to low-grade lithium results, the mineralisation sits beneath significant thickness of gravel overburden.

By contrast, the recently discovered, thick, high-grade intersections of lithium mineralisation at the Red Mountain project occur from surface. Astute believes the project is rapidly emerging as a “discovery of significance” in North America.

In addition, the Cobre project, in north-eastern Nevada, is considered to have strong potential as being a significant lithium clay project. Astute is considering opportunities to add to the project area in order to make it economically viable project.  

“The optimisation of our North American lithium portfolio will allow management to focus on the Red Mountain project, which has the demonstrable scale and grade potential to become a lithium deposit of significance on the stage of emerging North American battery metals projects,” chairperson Tony Leibowitz says.

Edited by Creamer Media Reporter

Comments

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.058 0.13s - 127pq - 2rq
Subscribe Now