Resource World Magazine

Yellowknife, Northwest Territories, and contains the Big Bird and Curlew lithium-rich pegmatites. Drill results include 1.24% Li2O over 34.3 metres at Big Bird, and 1.72% Li2O over 14.87 metres at Curlew. The Torp Lake Project is located 245 km east of Kugluktuk, Nunavut, and contains the McAvoy pegmatite dike. Two channel samples returned 4.5% Li2O over 6 metres and 3.3% Li2O over 7 metres. Orocobre Ltd. [ORE-ASX; ORL-TSX] is advancing Salar de Olaroz lithium property in Jujuy, Argentina. Commercial production is expected to start in Q2 2014, with capex estimated at $229 million. A partnership with Toyota Tsusho Corp. and the Jujuy provincial government mining company is already in place, while battery-grade lithium carbonate is being produced at the project���s pilot plant. Mine life is modelled at 40 years, with output expected at 17,500 tpy battery-grade lithium carbonate. The company hopes synergies at Olaroz will help facilitate the development of their Cauchari & Salinas Grandes brine resources. It also aims to produce potash and boron at Olaroz. Rock Tech Lithium Inc. [RCK-TSX; RJIA-Frankfurt] wholly-owns the Georgia Lake advanced-stage exploration lithium project in the Thunder Bay mining district, Ontario. Between 2010 and 2012, the company completed almost 13,000 metres of drilling and released a NI 43-101-compliant resource estimate. Indicated resources stand at 3.19 million tonnes, grading 1.10% Li2O, while inferred resources are 6.31 million tonnes, grading 1.00% Li2O. Metallurgical testing has demonstrated the potential for high-grade spodumene concentrate, containing 6.2% Li2O. On February 5, the company announced it was reviewing proposals from geological and engineering companies relating to Georgia Lake���s planned preliminary economic assessment (PEA). Rockwood Lithium, a division of Rockwood Holdings Inc. [NYSE-ROC], has operations across the globe, with the company���s divisions operating their own production sites. Headquartered in Germany, Rockwood Lithium asserts MARCH 2013 a 50% market share of the lithium value chain, its lithium sourced from Salar de Atacama, Chile, and Silver Peak, Nevada, and from recycling in the US and EU. Total net sales for the twelve months ending September 30 2012 stood at $460 million. In August 2012, Rockwood Holdings created an industry stir by bidding for Australia-based Talison Lithium Ltd. [TLH-TSX] at $6.50 per share. They were outbid in early December 2012 by the Chengdu Tianqi Industry Group, which offered to buy at $7.50 per share. Rodina Lithium Inc. [RM-TSXV; RDNAF-OTCQX] holds the Salar de Diablillos lithium project in Salta, Argentina. The property comprises a recoverable inferred brine resource of 2.8 million tonnes lithium carbonate equivalent (eq) from an in situ inferred brine resource of 4.9 million tonnes lithium carbonate eq. The project also contains a recoverable inferred brine resource of 11.2 million tonnes potassium chloride eq. On October 16, 2012, the company announced that it had successfully produced battery-grade lithium carbonate with over 99.45% purity at the Diablillos Project���s pilot ponds. Rodina is also developing its 70,000-acre Clayton Valley lithium project in Esmeralda County, Nevada. The project is located in the only known lithium brine-bearing salt lake in North America and, according to the company, is currently the only new source for domestic US lithium carbonate supply. Talison Lithium Ltd. [TLH-TSX] has run the Greenbushes lithium operation in Western Australia for 25 years, the pegmatites there belonging to the lithiumcaesium-tantalum family. On January 15, the company released its Q2 fiscal-year 2013 results; production of lithium concentrate stood at 94,911 tonnes of lithium concentrate, or around 14,000 tonnes lithium carbonate eq. Sales stood at 119,995 tonnes lithium concentrate or 18,000 tonnes lithium carbonate eq. Talison is also advancing its Salares 7 Project, which comprises seven salars (five wholly-owned by the company) in the Atacama region, northern Chile. Ultra Lithium Inc. [ULI-TSXV] is focused on exploring for lithium and boron, in the form of jadarite, at various exploration targets in Serbia. To achieve this, the company has partnered with the Beijing Explo-Tech Engineering Co., which has been conducting audiomagnetotelluric survey work in Serbia. On January 18, Ultra announced that high-priority targets had been identified at its Blace and Valjevo East exploration licences. In addition, geochemical samples collected from Blace have been submitted to Romania-based ALS Chemex, with the company expecting results shortly. Western Lithium USA Corp. [WLCTSX] wholly owns the Kings Valley lithium project in Nevada. The company���s pre-feasibility study for the project was released in December 2011, with a start-up scenario of 13,000 tpy lithium carbonate for four years. Production will then rise to 26,000 tpy lithium carbonate. Mine life is estimated at 20 years. On February 5, the company announced it had entered into a royalty purchase agreement with RK Mine Finance (Red Kite), which will spend $20 million in two tranches in return for a gross revenue royalty of 8%. This rate will be reduced to 3.5% once the monies have been repaid. Western Lithium will then have the option to reduce this royalty to 1.75% by paying Red Kite an additional $20 million. On February 6, Western reported that the first Red Kite tranche of $11 million had been paid. VANADIUM American Vanadium Corp. [AVC-TSXV; AVCVF-OTCQX; 0UA-FSE] is developing the Gibellini vanadium project located in Eureka County, Nevada. Under its feasibility study, the project has almost 20 million tons proven and probable reserves at 0.302 V2O5 (vanadium pentoxide) for just over 120.5 million lbs V2O5 contained. On December 24, the company announced it had submitted its plan of operations for the project to the US Bureau of Land Management that will, depending on the agency���s determination of completeness, initiate the National Environmental www.resourceworld.com 11

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