Join our daily newsletter At The Bell to receive exclusive market insights
- Allkem (AKE) announces an increase to its James Bay mineral resource by 173 per cent to 110.2Mt
- The updated MRE which now stands at 110.2Mt at 1.30 per cent lithium oxide
- It includes 54.3Mt at 1.30 per cent lithium oxide in the indicated category and 55.9Mt at 1.29 per cent lithium oxide in the inferred category
- The update solidifies the James Bay lithium deposit’s position as a world-class pegmatite mineral resource and a long-life asset
- Allkem is up 0.48 per cent, trading at $14.57 at 12:31 pm AEST
Allkem (AKE) has announced an increase to its James Bay mineral resource by 173 per cent to 110.2 million tonnes.
The updated MRE which now stands at 110.2Mt at 1.30 per cent lithium oxide.
This includes 54.3Mt at 1.30 per cent lithium oxide in the indicated category and 55.9Mt at 1.29 per cent lithium oxide in the inferred category.
The latest update solidifies the James Bay lithium deposit’s position as a world-class pegmatite mineral resource and a long-life asset.
Additionally, the company announced the maiden inferred mineral resource in the northwest sector remains open along strike and at depth.
“James Bay is now one of the largest spodumene lithium assets and clearly has the potential to grow even further as the boundaries of mineralisation are tested through an additional drilling program commencing later in the year,” AKE Managing Director and CEO Martin Perez de Solay said
Allkem was up 0.48 per cent, trading at $14.57 at 12:31 pm AEST.
