MinRes to put lithium mine on ice, to cut 300 jobs
The company will put its Bald Hill lithium mine in Western Australia under care and maintenance starting this week.
Canada Lithium Corp. (TSX: CLQ; U.S. OTC: CLQMF) announced today the results of the updated feasibility study for the development of a mine and lithium carbonate processing facility at its Québec Lithium Project near Val d’Or, Québec. A National Instrument 43-101 compliant technical report respecting the updated feasibility study will be filed on SEDAR within 14 days. The June technical report will replace the technical report dated January 5, 2011, that was prepared in respect of a feasibility study for the project that was completed in December, 2010.
The updated feasibility study contemplates an open-pit mine and processing plant that will have an initial mine operating life of approximately 14.9 years. The planned annual output for the project remains at approximately 20,000 tonnes (44 million pounds) per year of battery-grade lithium carbonate (Li2CO3).
The key parameters from the updated feasibility study are shown below, with a comparison to the prior feasibility study.
For more information click on the news release
About Canada Lithium Corp.
The company holds a 100% interest in the Québec Lithium Project near Val d’Or, the geographical heart of the Québec mining industry. The company plans to build an open-pit mine and processing plant on-site. Metallurgical tests have produced battery-grade lithium carbonate samples. The company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF.
Image by Canada Lithium Corp.
