Resource Classification | Tonnes (Mt) | Li Grade (ppm) | Contained Li Metal (t) | Contained LCE (t) |
Indicated | 14.6 | 1,940 | 28,400 | 150,900 |
Inferred | 17.9 | 1,780 | 31,900 | 169,900 |
Total | 32.5 | 1,850 | 60,300 | 320,800 |
- Maiden Mineral Resource delivered 14 months after first drilling commenced at Big Sandy, in line with the Company’s rapid de-risking strategy.
- Total Resource tonnes are in the range reported in the Exploration Target.
- The area drilled for the calculation of the maiden Resource represents a mere 4% of the landholding at the Big Sandy Lithium project.
- The Resource includes a higher-grade zone of 12.7 Mt grading 2,360 ppm Li above a cut-off of 2,000 ppm Li for 159,500 tonnes LCE, representing 49% of the total contained LCE.
- Excellent potential to further expand the size of the Mineral Resource with further drilling planned targeting Blocks B and C in the Northern Mineralised Zone, which remains open to the north, south and west.
- Phoenix based engineer appointed to commence an examination of the key development elements leading to the commencement of a pre-feasibility study.
Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announce a maiden Mineral Resource Estimate for its Big Sandy sedimentary lithium project, located approximately 2.5 hours drive northwest of Arizona’s state capital, Phoenix.
The total Indicated and Inferred Mineral Resource has been estimated by Cube Consulting in accordance with the guidelines set out by the JORC Code (2012). Cube Consulting estimated the total resources in Block A of the Northern Mineralised Zone (“Resource”) at 32.5 Million tonnes grading 1,850 ppm Li containing 60,300 tonnes of lithium metal, which equals 320,800 tonnes Lithium Carbonate Equivalent (“LCE”). This includes a higher-grade zone of 12.7 Mt grading 2,360 ppm Li above a cut-off of 2,000 ppm Li for 159,500 tonnes LCE, representing 49% of the total contained LCE. This estimate follows the successful completion of the Phase 2 diamond drilling program (37 HQ diamond holes totalling 2,881m), focused on Block A in the Northern Mineralised Zone. Previous drilling results from the Phase 1 drilling program in conjunction with the results of geological mapping and surface sampling identified the area as having significant potential.
Hawkstone Mining Managing Director, Mr Paul Lloyd,
