HIGHLIGHTS
- 3,000m, 5-hole extensional diamond drill program has commenced at the Seymour Lithium project testing the potential for underground resource expansion
- Increasing the North Aubry resource down dip will extend the mine life of the project and enhance the economics of the Seymour mine
- Initial optimisation work has been completed on the Seymour project, including the integration of open pit and underground mining for lower cost, capex and greater flexibility in the overall production strategy
- Three specific approaches are being evaluated across various pit shell designs and underground:
– Option 1: Two-stage open pit development with a small underground component
– Option 2: Three-stage open pit development with a small underground component
– Option 3: Single-stage open pit development with a large underground component - Preliminary findings indicate that all options are technically viable and capable of supporting continuous operation of the concentrator with enhanced economics and reduced operating footprint
- Following the completion of the drilling program an updated Mineral Resource will be released incorporating the extension and infill drilling to be incorporated into the optimised PEA
