Sirmac - Dyke 5 - Bulk SampleThe PEA clearly demonstrates the low cost and very high return of Sirmac using a Direct Shipping mining scenario without prior beneficiation. The Sirmac deposit has unique and compelling features which make it amenable to early development and extraction. Yves Rougerie President & CEO
Sirmac - Dyke 5 - Bulk Sample:
1) Excellent target for up to a 50 000 tonne bulk sample. Application has been submitted.
2 ) A mountain of lithium amenable to bulk sample in a quarry operation.
3) Bulk sample will provide ample material for testing mining methods and lithium concentrate processing, additional metallurgy and customer evaluation.
4) Looking to sign mulitple offtake agreements with end-users.
5) Will significantly de-risk project for future mining at full scale operations.
Here are a few points for discerning investor to consider regarding the Dyke 5 deposit.
1) Proximity to spodumene plants. I am talking about Sayona mining, Nemaska Lithium ( Whabouchi ) and possibly Rio Tinto.
2) Possibly the closest deposit to the St-Laurent Seaway.
3) Low ore extraction cost. 142 per tonne.
4) Location of Dyke 5, wich is not affected by the Caribou protection zone.
5) Dyke 5's elevation relative to the phreatic zone. Dyke 5 located several dozen metres above. It therefore has no impact on the environment.
6) Seversals discussions on supply agreeements.
In conclusion, even though the price of spodumene has fallen by almost 20 % recently, Vision Lithium is well positioned to sell ore to third-party spodumene converters, given the low cost of extraction. The ore is already stripped and ready to be shipped to future customers. no doubt this project will see the light of day in the near future.
Good Luck To All.