Hawkstone unveils game-changing maiden lithium resource at Big Sandy
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Special Report: This initial 320,800t resource barely scratches the surface at Big Sandy –literally — but it’s a big step towards establishing Hawkstone as an emerging lithium player.
Hawkstone Mining (ASX:HWK) is driving the US-based Big Sandy sedimentary lithium project towards development pre-feasibility studies as fast as possible. This maiden resource is an important step.
Miners usually undertake up to four different types of studies to see whether or not a resource can be mined economically.
These are, in order of importance, scoping, preliminary feasibility (PFS), definitive feasibility (DFS) and bankable feasibility (BFS).
Today, Hawkstone announced a resource in Block A of the Northern Mineralised Zone — 32.5 million tonnes grading 1850ppm lithium for 320,800t lithium carbonate equivalent (LCE).
This includes a large 12.7 million tonne higher-grade zone grading 2360 ppm Li for 159,500 tonnes LCE.
But remember – the Big Sandy lithium project consists of 311 mining claims of about 20 acres each.
This maiden resource, calculated from a limited number of tightly spaced drill holes, comprises a mere 4 per cent of the Big Sandy project area.
It just highlights the size and potential of this world class project, Hawkstone managing director Paul Lloyd says.
“The location in Arizona USA provides multiple development advantages, being strategically located near all major infrastructure and in close proximity to U.S. battery manufacturing facilities,” he says.
“The estimate of the maiden resource is another significant step forward in establishing Hawkstone as an emerging lithium supplier, and forms part of an aggressive program to move the project into pre-feasibility as quickly as possible.”
Hawkstone is already assembling a true tier 1 team to help lead to project through the study phase.
This includes highly credentialled, ex-Tesla technical expert Dr David Deak as a consultant, experienced investment banker and corporate advisor Barnaby Egerton-Warburton as non-executive chairman, and a Phoenix based engineer to examine vital project development elements ahead of a prefeasibility study start.
Hawkstone is also looking to expand this initial 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.
“A stage 3 drilling program is planned for 2020 with the objective of converting the current reported Exploration Targets,” Lloyd says.
“This drilling will target Blocks B and C in the Northern Mineralised Zone as we continue to develop the Big Sandy lithium project.”