Announcement Date: 2022-07-27
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Critical Elements Lithium Corp.
Project name: Rose
Location: Canada
Commodities: Tantalum,Lithium
Highlight: Feasibility Study results incl. post-tax NPV (8%) of US$2,487M & IRR of 82.4%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Rose Property (the Property) is located in the southern portion of the Middle and Lower Eastmain Greenstone Belt (MLEGB). Although the MLEGB shows a wide variety of rock types, most of the Property is underlain by intrusive lithologies. These are mainly syntectonic (2,710 to 2,697 Ma), with lesser volumes of late to post-tectonic intrusions (Other rock types, including gneiss, dacite, quartzite and conglomerate, have also been reported. Lithologies are generally well foliated with a SE orientation, except for the more massive and unfoliated granites and pegmatites. Mineralization recognized to date on the Property includes rare-element LCT-type pegmatites and molybdenum occurrences Critical Elements started drilling the Property in late 2009. This report considers 255 holes drilled by the company for a total of 29,135.50 m. Of those 255 holes, 202 (totalling 25,200.90 m) were included in the current resource estimate.
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