Latest news with #mineralresource
The Australian
3 days ago
- Business
- The Australian
Rumble releases maiden tungsten MRE at Western Queen Gold Project
Rumble Resources releases maiden tungsten mineral resource estimate Clocks in at 4.31Mt at 0.31% tungsten trioxide for 13.2kt WO3, including a high-grade zone of 1.44Mt at 0.51% WO3 Tungsten mineralisation runs subparallel to 3.72Mt at 3.1g/t gold for 370,000oz, with mineralisation open along strike and at depth Special Report: Rumble Resources has delivered a maiden tungsten resource at its Western Queen Project, confirming the site's potential to become a significant critical minerals and gold operation. The Western Queen tungsten mineral resource estimate comes in at 4.31Mt at 0.31% tungsten trioxide for 13,200t WO3, at a 0.1% cut off grade. High-grade cores within the global MRE, which are continuous and open, total 1.44Mt at 0.51% WO3 for 7400kt WO3 at a 0.3% WO3 cut off. Another added bonus for Rumble Resources (ASX:RTR) is that the tungsten mineralisation occurs as a series of skarn lodes running subparallel to the project's high-grade gold resource of 3.72Mt at 3.1g/t gold for 370,000oz. This mineralisation lies between the Western Queen Central and South open pits where Rumble is advancing towards gold mining. The tungsten mineralisation has so far been found to extend over 1.5km, which is still open along strike and at depth. It's also within Rumble's granted mining leases. Preliminary metallurgical work suggests the tungsten-bearing material could generate a substantial secondary revenue stream, complementing Western Queen's near-term gold production potential. Rumble's MD & CEO Peter Harold said the result illustrated Western Queen's dual-commodity upside. 'This is a fantastic outcome. To have reported a maiden tungsten resource of over 13,000 tonnes of tungsten trioxide demonstrates that Western Queen is more than just a high-grade gold project that we recently upgraded to 370,000 ounces,' he said. 'Given the potential to grow the tungsten resources, we could be sitting on a major tungsten project at Western Queen in addition to the near-term high-grade gold production we are progressing. 'I would like to congratulate the geological team for their vision and diligence in identifying and completing this maiden resource in under 12 months from first identifying the mineralisation, at a time when tungsten is such a sort after mineral given its strategic importance.' Tungsten is facing escalating demand due to its unique properties such as a high melting point, hardness, and density, which make it vital in the aerospace, defence and electronics industries. China currently produces more than 85% of the world's primary tungsten and there is a strong push to reduce reliance on the Middle Kingdom. Harold added: 'We look forward to seeing the tungsten resources grow at Western Queen and the results of the metallurgical testwork as we work to understand the quantum of revenue that could potentially be generated by exploiting these new tungsten resources.' Next steps to polymetallic production In a significant stroke of good fortune – or skilled observation – Rumble's tungsten discovery came from historic gold-focused drilling. No tungsten-specific drilling has yet been conducted, but a reconnaissance field program is now well underway, opening the door for potential resource growth. The team has now mapped up to 18 tungsten lodes and identified multiple high-priority targets across a 5km x 2.5km corridor prospective for skarn-style mineralisation, with fieldwork being undertaken. A bulk sample of tungsten bearing scheelite-bearing material is being prepared for further independent metallurgical testing by Mineral Technologies to develop recovery curves and determine potential tungsten revenue. RTR is also continuing to progress the multi-commodity potential of its world-class zinc-lead-silver Earaheedy project. High-priority tungsten and coincident pathfinder element targets and extent of tungsten mineralised lodes interpreted from existing gold drilling at the Western Queen Project. Pic: RTR This article was developed in collaboration with Rumble Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
05-08-2025
- Business
- Yahoo
Pacific Ridge Announces Initial Mineral Resource Estimate for Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") is pleased to announce the initial mineral resource estimate ("MRE") for the Kliyul Main Zone ("KMZ"), just one target area at its 100% owned Kliyul copper-gold project ("Kliyul"), located in the prolific Quesnel terrane in Northcentral B.C. (see Figures 1 and 2). Highlights The KMZ MRE compares favourably with other recently reported MREs for B.C. porphyry deposits; it was also delineated from just one mineralized zone. KMZ hosts 334.1 million tonnes ("Mt") grading 0.33% copper equivalent ("CuEq"), 0.15% copper, 0.26 g/t gold, and 0.95 g/t silver in the Inferred Mineral Resource category (see Table 1). 2.42 billion pounds CuEq which includes 1.11 billion pounds of copper, 2.74 million ounces of gold and 10.22 million ounces of silver in the Inferred Mineral Resource category (see Table 1). Mineralization at KMZ remains open for expansion within and beyond the resource reporting shell used to restrict the resource model (see Figure 3). "The initial mineral resource estimate for KMZ is an important milestone for the Company and its shareholders," said Blaine Monaghan, President & CEO of Pacific Ridge. "We now belong to a select group of B.C. copper exploration and development companies that have a significant mineral resource. I am confident that once investors compare the KMZ resource to those of our peers, they will recognize the value that Pacific Ridge currently represents." Figure 1: Location of Kliyul and Pacific Ridge's Other Porphyry Copper-Gold Projects To view an enhanced version of this graphic, please visit: Figure 2: Kliyul Target Areas To view an enhanced version of this graphic, please visit: Table 1 KMZ MRE (CuEq) Cutoff (CuEq%) Tonnes CuEq% Cu% Au g/t Ag g/t CuEq Mlbs Cu Mlbs Au Oz Ag Oz 0.15 383,300,000 0.31 0.14 0.24 0.91 2,615 1,212 2,920,000 11,270,000 0.20 334,100,000 0.33 0.15 0.26 0.95 2,422 1,110 2,740,000 10,220,000 0.25 239,200,000 0.37 0.16 0.30 1.04 1,950 861 2,280,000 7,980,000 Notes for Table 1 The effective date of the Mineral Resource estimate is July 31, 2025. The Mineral Resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum(CIM), Definition Standards for Mineral Resources and Reserves, as prepared by the CIM Standing Committee and adopted by CIM Council. There has been no metallurgical testing on Kliyul mineralization. The Company estimates copper recoveries (CuR) of 80%, gold recoveries (AuR) of 65%, and silver recoveries (AgR) of 65% based on the reported recoveries from Mount Milligan. The mineral resource is constrained within a pit shell using metal recoveries of Cu 80%, Au 65% and Ag 65%, an exchange rate of 1.30 CAD:USD, mining cost of C$3.5/t, process cost of C$7.0/t, G&A costs of C$3.0/t, pit slopes of 45 degrees and metal prices of $Cu = US$4.60/lb, $Au = US$2,600/oz., Ag = US$30.00/oz. A fixed bulk density of 2.77 t/m3 was used for the estimation of tonnes. CuEq = Cu% + (0.6697*Au g/t) + (0.0077*Ag g/t). Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne. The CIM definitions were followed for the classification of Inferred Mineral Resources. inferred blocks were assigned for blocks with one drill hole within 150 m. Mineral Resources are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves in the future. The MRE may be materially affected by considerations including, but not limited to, permitting, legal, sociopolitical, environmental issues, market conditions or other factors. All figures are rounded to reflect the relative accuracy of the estimate. Totals may not sum due to rounding as required by reporting guidelines. Figure 3KMZ Pit Shell and Unconstrained Block Model at a 0.20% CuEq Cutoff To view an enhanced version of this graphic, please visit: Next Steps File a NI 43-101 Technical Report for the KMZ MRE within 45 days of this press release. Infill drilling and resource expansion drilling at KMZ; drill testing other Kliyul target areas. Metallurgical test work. Kliyul Highlights 100% owned by Pacific Ridge, the Company has invested more than ~$14.0 million and drilled more than 19,000 m at Kliyul since 2020. Kliyul is over 90 km2 in size and is located in the prolific Quesnel terrane close to existing infrastructure, ~8 km to the Omineca Resource Road and a 230 kV high-voltage power line. A six-kilometre long porphyry copper-gold trend, comprised of favourable geology, geochemistry, alteration, and geophysics, exists at Kliyul but KMZ has been the focus since 2021. Drilling by Pacific Ridge has increased the mineralized extents of KMZ tenfold. Pre-2021, the mineralized extents measured ~350 m E-W x ~150 m N-S x ~400 m vertical depth. After the last round of drilling, the known mineralized extents measure ~760 m E-W x ~600 m N-S x ~650 m vertical depth. KMZ remains open to the North, West, East, Southeast, and at depth. The best drilling result in 2021 was 316.7 m of 0.79% CuEq1 and 1.17 g/t AuEq2 (0.30% copper, 0.70 g/t gold and 2.17 g/t silver) within 566.7 m of 0.51% CuEq1 or 0.75 g/t AuEq2 (0.20% copper, 0.44 g/t gold and 1.39 g/t silver) from KLI-21-037 (see news release dated January 31, 2022). The best drilling result in 2022 was 328.0 m of 0.64% CuEq1 or 0.95 g/t AuEq2 (0.25% copper and 0.57 g/t gold) within 526 m of 0.49% CuEq1 or 0.74 g/t AuEq2 (0.25% copper, 0.57 g/t gold and 1.25 g/t silver) from KLI-22-050 (see news release January 18, 2023). The best drilling result in 2023 was 305.5 m of 0.59% CuEq1 or 0.87 g/t AuEq2 (0.23% copper, 0.51 g/t gold and 1.22 g/t Ag) within 540.3 m of 0.44% CuEq1 or 0.65 g/t AuEq2 (0.19% copper, 0.36 g/t gold and 0.65 g/t silver) from KLI-23-054 (see news release August 23, 2023). Drill hole KLI-23-069, the last hole of the 2023 drilling program, returned 45.0 m of 0.58% CuEq or 0.86 g/t AuEq (0.38% copper, 0.28 g/t gold, and 2.20 g/t silver) within 570.0 m of 0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.99 g/t silver)(see news release dated January 9, 2024). The 45 m interval, at 584 m downhole depth, is the deepest mineralized interval ever encountered at Kliyul and provides a northward and down-plunge vector for a higher-grade porphyry centre at KMZ. Results of a 2024 ZTEM survey suggest that most of the KMZ porphyry system remains hidden and untested to the north. 1CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).2AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/ has been no metallurgical testing on Kliyul mineralization. The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on the average recoveries from Kemess Underground, Mount Milligan, and Red 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne. The technical information contained within the Kliyul Highlights section has been prepared under the supervision of, and reviewed and approved by. Danette Schwab, Vice President Exploration of the Company, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Estimation Methods The mineral resource estimate was completed using HxGN MinePlanTM 3D software and includes the estimation of copper, gold and silver grades into a block model (20x20x20 m) using ordinary kriged (OK) method within a 0.1 g/t Au probability shell. Composites from a minimum of two drill holes was required for a block to be interpolated with a metal grade. Prior to estimating block grades, potentially anomalous outlier grades were identified and their influence on the grade model was controlled during interpolation through outlier restriction method. The 2 m composites were reviewed for each metal and a restricted outlier strategy was employed to limit the influence of extreme metal grades to 60 m from a composite location. The threshold grade for gold was 4.5 g/t, 1% for copper and 10 g/t for silver. A base case resource constraining pitshell was built using HxGN MinePlanTM 3D and inputs of metal prices (US$2600/oz Au, US$4.60/lb Cu and US$30/oz Ag), metal recoveries (80% Cu, 65% Au and 65% Ag), mining costs of C$3.50/t, processing costs of C$7.0/t, G&A costs of C$3.0/t and pit slopes of 45⁰. To assess the sensitivity to metal prices, additional shells were built using gold prices between US$2000/oz and US$3200/oz, and additional copper price of C$4.10/lb and silver price of C$24.00/oz. Inferred Mineral Resources were assigned if a block was within 150 m of a drill hole. Qualified Person The mineral resource estimate was completed by Susan Lomas, of Lions Gate Geological Consulting Inc. with assistance from Bruce Davis, PhD, FAusIMM, each of whom is an Independent Qualified Person under NI43-101 standards. The technical information related to the mineral resource estimate in this news release has been reviewed and approved by independent QP Susan Lomas, LGGC completed an audit of the project drill hole database, a review of the QAQC data for the assay results and a visit to the project site and determined the drill hole data to be of sufficient quality to support the estimation of mineral resources. About Pacific Ridge A Fiore Group company, Pacific Ridge's goal is to become British Columbia's leading copper exploration company. The Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure, is the Company's flagship project. In addition to Kliyul, Pacific Ridge's project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in B.C. The Company would like to acknowledge that its B.C. projects are in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation. On behalf of the Board of Directors, "Blaine Monaghan"Blaine Monaghan President & CEOPacific Ridge Exploration Relations: Tel: (604) 687-4951Email: ir@ News Sign up: Twitter: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward-looking statements in this news release include the filing of the NI 43-101 report, infill drilling and resource expansion drilling at KMZ, drill testing other Kliyul target areas, and metallurgical test work. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
Forsys Announces Commencement of Expansion Drill Program at Namibplaas
TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) ('Forsys' or the 'Company') Forsys is pleased to announce the commencement of a drill program comprising 64 drill holes at its Namibplaas uranium property ('Namibplaas' or the 'Property'), for approximately 12,500 metres ('m'), having now satisfied all regulatory and statutory requirements to access Portion-1 of farm Namibplaas No. 93, which was acquired by the Company's fully owned subsidiary Valencia Uranium (Pty) Ltd. in December 2024 (please refer to news release dated January 6, 2025). The Property hosts the Namibplaas uranium deposit under Exclusive Prospecting Licence (EPL-3638), which together with the Valencia uranium deposit under Mining Licence (ML-149) ("Valencia') comprise the Norasa Uranium Project ('Norasa')1 (see figure 1 below). The principal objectives of this program are to infill and upgrade the existing Namibplaas mineral resource to the Measured and Indicated category and test down dip mineralization potential (drill target 1: Area B (figure 2)); and to conduct reconnaissance drilling on new sites on EPL-3638 in Area A to evaluate the potential to expand Norasa's mineral resource base (drill target 2: Area A (figure 3)).Figure-1 Farm Namibplaas (EPL-3638), 3km northeast of Valencia deposit (ML-149) ______________________________________________________ The Norasa Uranium Project ('Norasa') is wholly owned by the Company's 100% subsidiary Valencia Uranium (Pty) Ltd. ('Valencia Uranium') and comprises Valencia uranium deposits ("Valencia') under a 25-year Mining Licence (ML-149) valid until 2033 and renewable and Namibplaas uranium deposit ('Namibplaas') (under EPL-3638), both located in the Erongo region of Namibia, Africa. Drill Target 1; Area-B The Company has planned a 44-drillhole ~9,350 m drill program (see figure 2 below) designed to identify and support a potential upgrade of the currently classified Inferred resource to Measured and Indicated by reducing the drill spacing and increasing the proportion of resource drill holes that have both downhole gamma and laboratory assay results. Currently, the overall Namibplaas resource is classified as Inferred due to a low ratio of XRF-assayed samples within an historic population of predominantly downhole gamma equivalent data. The majority of the 44 drillholes are planned along the eastern margin of the deposit. A further 12 drillholes (circa 1,915m) are planned for geotechnical drilling and geometallurgical sampling at Additional drillholes at Namibplaas Area B planned by MSA. (ground scintillometer overlay) Drill Target 2: Area-A The Namibplaas resource has been defined on the historic radiometric Anomaly-B (figure-2 above) whereas higher radiometric signatures occur approximately 2 km to the west at Anomaly-A (see figure 3 below). The strength of the Anomaly-A radiometric signature is attributed to prominent thorium concentration on surface, which was established from surface sampling. This target has potential to significantly augment the Norasa resource base in tonnage and grade. A further 1,000m in eight drillholes have been laid out to test drill Target 2 situated at Anomaly-A. There is a high total count of scintillometer signatures in parts of this area which bears significant potential for mineralization as the uranium is regularly leached out on surface, leaving mainly thorium in the outcrop. Anomaly-A lithologies are granitic, similar to the uranium deposits on the neighbouring farm Valencia and the rocks constituting Anomaly-B and the Namibplaas uranium resource. To date sampling has been limited to the surface and no drilling has taken place in the anomalous area. An initial reconnaissance drill program will test for uranium mineralization in fresh rock, below 50m depth. The target area has rugged terrain which necessitates some earthmoving and road building prior to mobilising drilling Namibplaas ground scintillometer survey superimposed onto aerial radiometric imagery. (Historic drillholes are shown as small dots, 2023 drilling as larger blue dots and planned holes over Anomaly A as white dots). The Company will provide further updates on its ongoing studies as they become available. The information in this release that relates to the Interim Drilling Results for the Norasa Project is based on information compiled or reviewed by Dr Guy Freemantle of The MSA Group (Pty) Ltd., Johannesburg, South Africa. The MSA Group are independent consultants to the Norasa Project, Namibia. Dr Freemantle holds a Bachelor of Science in Geology and a PhD in Geology, both at the University of the Witwatersrand. He is a member of the Society of Economic Geologists (892905); a Fellow of the Geological Society of South Africa (965392); and is registered with SACNASP (Registration 117527). Dr Freemantle has practiced his profession continuously for 14 years and has sufficient experience and knowledge that is relevant to the style of mineralization and type of deposits under consideration as well as to the activity that is being undertaken to fulfil requirements of a Qualified Person as per NI 43-101. Dr Freemantle consents to this release in the form and context in which it appears. _________________________________________________________________________________________________________ Forsys Metals Corp. (TSX: FSY, FSE: F2T, NSX: FSY) is an emerging uranium developer focused on advancing its wholly owned Norasa Uranium Project, located in the politically and uranium friendly jurisdiction of Namibia, Africa. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). Further information is available at the Company website On behalf of the Board of Directors of Forsys Metals Corp. Richard Parkhouse, Investor Relations. For additional information please contact: Pine van Wyk, Country Director, Forsysemail: pine@ R ichard Parkhouse, Investor Relationsemail: rparkhouse@ email: info@ information contained in this press release constitutes , within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR+ at The forward-looking statements included in this press release are made as of the date of this press release and Forsys Metals Corp disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Photos accompanying this announcement are available at
National Post
22-07-2025
- Business
- National Post
E3 Lithium Announces Filing of NI 43-101 Technical Report for Updated Resource Estimate in the Garrington District
Article content CALGARY, Alberta — E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, is pleased to announce that it has filed a National Instrument 43-101 – Standards of Disclosure for Mineral Projects independent technical report for its Garrington District project in central Alberta. Article content The Garrington Report titled 'NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate' (the 'Garrington Report') is dated July 18, 2025, has an effective date of June 25, 2025, and the mineral resource estimate was previously disclosed by E3 Lithium in its June 25, 2025, press release titled ' E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District '. Article content Article content There are no material changes in the Garrington Report from the results disclosed in the Company's June 25, 2025, press release. The Garrington Report is available on the Company's website ( and SEDAR+ ( Article content Qualified Persons Article content The disclosure in this news release of scientific and technical information pertaining to the Garrington Report has been reviewed and approved by Meghan Klein, Head of Reservoir Engineering, Americas of Sproule ERCE, and Alexey Romanov, PhD., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr. Romanov are 'Qualified Person's' as defined under NI 43-101– Standards of Disclosure for Mineral Projects. Article content Equity Awards Grant Article content As part of the Company's 2025 compensation plan outlined March 7, 2025, the Board of Directors of the Company approved, effective June 27, 2025, the grant to Rob Knowles, VP Investor Relations, of 40,000 incentive stock options (the 'Options') exercisable to acquire up to 40,000 common shares of the Company. The options are exercisable at price of $0.81 per share for a period of three years from the date of grant under its omnibus equity incentive plan, with one half of the Options vesting on each of the first and second anniversaries of the date of grant. Article content ON BEHALF OF THE BOARD OF DIRECTORS Article content Chris Doornbos, President & CEO Article content E3 Lithium Ltd. Article content About E3 Lithium Article content E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in Alberta and 2.5 Mt LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. Article content 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium website ( Article content Article content ) and SEDAR+ ( Article content Article content ). Article content 2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and is available on the E3 Lithium website ( Article content ) and SEDAR+ ( Article content Article content ). Article content 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium website ( Article content ) and SEDAR+ ( Article content Article content ). Article content Kevin Carroll, P. Eng., Chief Development Officer of E3 Lithium and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as 'believe', 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend', 'project', 'potential', 'possible', 'could' and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the mineral resource estimate at the Garrington District; the potential for future development and inventory expansion of the Clearwater Project and value creation; and the anticipated benefits of the foregoing. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that activities relating to the Garrington District and the Company's other projects will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results of the mineral resource estimate will be delivered in a timely manner consistent with the Company's projected timelines; and that the results will be in line with management's expectations. Article content All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or not being in line with management's expectations; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ ( Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Article content Article content Article content Article content Article content Rob Knowles Article content Article content Investor Relations Article content Article content investor@ Article content Article content 587-324-2775 Article content Article content Article content Kati Dolyniuk Article content Article content Article content Article content
Globe and Mail
22-07-2025
- Business
- Globe and Mail
E3 Lithium Announces Filing of NI 43-101 Technical Report for Updated Resource Estimate in the Garrington District
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, is pleased to announce that it has filed a National Instrument 43-101 – Standards of Disclosure for Mineral Projects independent technical report for its Garrington District project in central Alberta. The Garrington Report titled "NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate" (the 'Garrington Report') is dated July 18, 2025, has an effective date of June 25, 2025, and the mineral resource estimate was previously disclosed by E3 Lithium in its June 25, 2025, press release titled " E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District '. There are no material changes in the Garrington Report from the results disclosed in the Company's June 25, 2025, press release. The Garrington Report is available on the Company's website ( and SEDAR+ ( Qualified Persons The disclosure in this news release of scientific and technical information pertaining to the Garrington Report has been reviewed and approved by Meghan Klein, Head of Reservoir Engineering, Americas of Sproule ERCE, and Alexey Romanov, PhD., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr. Romanov are 'Qualified Person's' as defined under NI 43-101– Standards of Disclosure for Mineral Projects. Equity Awards Grant As part of the Company's 2025 compensation plan outlined March 7, 2025, the Board of Directors of the Company approved, effective June 27, 2025, the grant to Rob Knowles, VP Investor Relations, of 40,000 incentive stock options (the 'Options') exercisable to acquire up to 40,000 common shares of the Company. The options are exercisable at price of $0.81 per share for a period of three years from the date of grant under its omnibus equity incentive plan, with one half of the Options vesting on each of the first and second anniversaries of the date of grant. ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, President & CEO E3 Lithium Ltd. About E3 Lithium E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in Alberta and 2.5 Mt LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium website ( and SEDAR+ ( 2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and is available on the E3 Lithium website ( and SEDAR+ ( 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium website ( and SEDAR+ ( Kevin Carroll, P. Eng., Chief Development Officer of E3 Lithium and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release . Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as 'believe', 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend', 'project', 'potential', 'possible', 'could' and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the mineral resource estimate at the Garrington District; the potential for future development and inventory expansion of the Clearwater Project and value creation; and the anticipated benefits of the foregoing. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that activities relating to the Garrington District and the Company's other projects will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results of the mineral resource estimate will be delivered in a timely manner consistent with the Company's projected timelines; and that the results will be in line with management's expectations. All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or not being in line with management's expectations; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ ( Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
