Source: Nemaska Lithium
Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF)
is pleased to provide an update on the bulk sample and modular mill
installation at the Whabouchi mine located in the Eeyou Istchee James
Bay region, Quebec, Canada. Nemaska Lithium has applied for a
Certificate of Authorization to install and operate a new self-contained
dense media separation (DMS) modular mill. The modular mill has a
processing capacity of 10 t/hour. The Corporation has also decided to
increase the mine representative bulk sample from 29,000 t to 60,000 t.
This bulk sample will be milled to obtain a 6% Li2O
concentrate that will be further processed into lithium hydroxide at
Nemaska Lithium's Phase 1 Plant which is under construction in
Shawinigan, Quebec.
With the General Certificate of Authorization for
the Whabouchi Mine site already in hand, Nemaska Lithium is not
anticipating any issues with the ongoing further permitting and has
given a mandate for site preparation and installation of the modular
mill to Met-Chem Canada, member of the DRA Group. The Corporation is
anticipating installation and commissioning of the DMS modular mill to
be completed by the end of October 2016 with the mill producing a DMS
concentrate over the next 12 to 18 months following the commissioning
phase. Part of the DMS material will be further processed through
flotation before being shipped to the Phase 1 plant in Shawinigan,
Quebec.
"The modular mill is a critical component of our Phase 1
Plant project as it will produce the necessary concentrate that will be
further processed into lithium hydroxide samples for customers that are
seeking to qualify our products," said Guy Bourassa, President and CEO
of Nemaska Lithium. "With the recent addition of Mr. François Godin as
VP Operations, I am very confident that this project is in good hands
and we will be on track to start shipping mine representative commercial
samples of lithium hydroxide to customers including Johnson Matthey
Battery Materials by Q1 and Q2 2017." Bourassa continued, "Qualifying
ourselves with customers as a new lithium hydroxide supplier is normal
course of business in this industry and is the rationale behind building
the Phase 1 Plant and operating the DMS modular mill. This strategy
will enable us to more rapidly start realizing revenue from the
commercial Hydromet plant which is still on target for commissioning in
Q2 2018."
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and
lithium carbonate supplier to the emerging lithium battery market that
is largely driven by electric vehicles, cell phones, tablets and other
consumer products. The Corporation is developing in Quebec one of the
most important spodumene lithium hard rock deposit in the world, both in
volume and grade. The spodumene concentrate produced at Nemaska
Lithium's Whabouchi mine will be shipped to the Corporation's lithium
compounds processing plant to be built in Shawinigan, Quebec. This plant
will transform spodumene concentrate into high purity lithium hydroxide
and carbonate using the proprietary methods developed by the
Corporation, and for which patent applications have been filed.
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