Mineral Resources Limited (ASX:MIN) has provided updated mineral resources and ore reserve statements (on a 100% basis) for the Wodgina and Mt Marion hard-rock lithium deposits in Western Australia.
Wodgina and Mt Marion are operating mines in the Pilbara and Goldfields regions, respectively, that produce high-quality spodumene concentrate.
This is the first time MinRes has released a joint Mineral Resources and Ore Reserve statement for Mt Wodgina and Mt Marion, which also includes a maiden Ore Reserve for Mt Marion.
- Wodgina Indicated & Inferred Mineral Resources estimated at 259.2 Mt at 1.17% Li2O
- Wodgina Ore Reserve estimated at 147.0 Mt at 1.20% Li2O
- Mt Marion Indicated & Inferred Mineral Resources estimated at 51.4 Mt at 1.45% Li2O
- Maiden Mt Marion Ore Reserve estimated at 17.2 Mt at 1.56% Li2O
“We are pleased to report 164 million tonnes of Ore Reserves and more than 310 million tonnes of Mineral Resources across the Mt Marion and Wodgina deposits,” managing director Chris Ellison said.
“The high quality and scale of these Tier 1 assets in Western Australia underpin MinRes’ position as a leading global lithium producer.
“We are ideally placed to continue the major expansions at both projects to ramp up spodumene concentrate output for lithium hydroxide conversion for many decades to come.
“Significant opportunity exists to further expand the mineral endowment at both operations through near mine exploration activities.”