Resource and Reserve

JORC Mineral Resource and Ore Reserves

The geology of the greater Arcadia area is dominated by greenstone lithologies of the Arcturus formation of the Harare Greenstone Belt (HGB).  These greenstones are encircled and intruded by a variable suite of granitic rocks, the oldest of which may have been coeval with the youngest felsic volcanic rocks of the belt. There is also some evidence for a small remnant area of gneissic basement to the greenstone belt.

Arcadia is a high grade, large tonnage deposit consisting of series of stacked mineralised pegmatites extends for over 3 km of strike length, while surface mapping and trenching has shown the total strike length to be almost 4.5 km, with definite further potential to delineate additional resources along strike and with the possibility of discovery of additional parallel ore bodies. 

As of October 2021, the JORC compliant Mineral Resource estimates for the Arcadia Lithium Project were:

 

Ore Reserves declared at the Arcadia Lithium Project (>1% Li2O cut off) - October 2021

Category Tonnes (Mt) Li2O (%) Ta2O5 (ppm) Li2O (Kt) Ta2O (Mlbs)  
Proven 11.8 1.25 114 144 3.0  
Probable 30.5 1.17 123 357 8.3  
TOTAL 42.3 1.19 121 504 11.3  

 

Arcadia Pit Design

 

Arcadia JORC Mineral Resource Statement - 0.2 % Li2O Cut-off October 2021

Category

Tonnes (Mt)

Li2O %

Ta2O5 ppm

Li2O (Kt)

Ta2O (Mlbs)

Measured

15.8

1.12%

113

177

3.9

Indicated

45.6

1.06

124

483

12.5

Inferred

11.2

0.99

119

111

2.9

GRAND TOTAL

72.7

1.06

119

770

19.4

 

 

3D view of Block Model looking NNE