RE: Can you read French? google translater:
The future looks bright for the proposed Glen Eagle Authier
The proposed lithium Authier La Motte could yield a final net worth of $ 46 million in Glen Eagle Resources.
topics:
Authier Glen Eagle Glen, La Motte
This is what the first study revealed a preliminary economic assessment (ECERS) independently carried out on behalf of Montreal society. We learn that the mine would require only $ 35 million initial investment for a lifetime estimated at 12 years, with a processing 1000 tonnes of ore per day.
Operations would generate for their positive cash flow of about $ 10 million per year. Taking into account transaction costs, indirect costs and other expenses, the mine would complete its existence having produced a net worth of $ 46 million.
Almost 6.5 million tonnes of ore
The project's potential Authier is currently estimated at 4.167 million tonnes of ore at 1.4 percent of lithium and indicated resource of 2.29 million tonnes inferred resource grading 1.0 percent lithium. The production of a spodumene concentrate (lithium) to generate its share two marketable by-products or mica and feldspar.
"Data on the net, combined with low initial investment, represent a significant validation of the economic viability of the deposit Authier, while substantially increasing its value," argued the president of Eagle Glen, Jean Labrecque.
A program of 2400 meters of drilling is currently underway to convert inferred resources to indicated resources. A second ECERS should be completed early next spring. Its results will be incorporated in the feasibility study currently underway.