DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
Lomiko Metals (TSXV:LMR, OTC:LMRMF, FSE:DH8C) announced positive results on its initial metallurgical test programs at its La Loutre Graphite project in Quebec, and Lomiko Metals COO Gordana Slepcev is keen on advancing the project towards a pre-feasibility study.
“We have published the positive preliminary economic assessment (PEA) in July 2021. And we’ve done quite a bit of work to advance that project toward PFS. So we started with the infill program and drilled at 100 meters in the end zone. We’re really happy to move it to a level 2 project with the infill drilling.”
Lomiko acquired approximately 14,255 hectares of mineral claims on six projects in the Laurentian region of Quebec and within First Nations territory. These new claims lie within a 100 km radius of the company’s flagship La Loutre graphite project. About 28 claims are directly contiguous to La Loutre, increasing the company’s claim package to 4,528 hectares.
Lomiko is currently undertaking several metallurgical studies to define the chemical and physical properties of La Loutre graphite concentrate. The studies aim to determine the upgrading potential of the graphite flotation concentrate for value-added processing and confirm the plant flowsheet to aid in the plant design for the Pre-Feasibility Study the Company will be looking to complete in 2023.
With the infill drilling and the metallurgical testing, Lomiko expects to confirm those results and create some samples that they can send to the companies for both battery production and industrial use.
“After we actually do the infill drilling and the resource estimate, we’re going to upgrade our resources of 70 million tonnes of graphite for about 3 million pounds of graphite. Two thirds or about 46 million of those resources are inferred, so in order to move on with the feasibility study and really be considered as a serious development company, we really need to upgrade those resources.”
________________________________________________________________
Investing News Network (INN)
Find out more about investing by INN @
https://investingnews.com/
Want a FREE investor kit? Download here↓
https://bit.ly/31NNNTR
Follow us Facebook:
https://www.facebook.com/investing.news.your.trusted.source
Follow us on Twitter:
@INN_Resource
________________________________________________________________
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
