Global Geoscience Limited: Rhyolite Ridge Lithium-Boron Project Investor Presentation, Hong Kong March 2017
29.03.2017 | ABN Newswire
Sydney - Global Geoscience Ltd. (ASX:GSC) are pleased to provide the Company's latest Investor Presentation, presented in Hong Kong March 2017.Investment Highlights:
Strategic Asset
- Large, rare lithium-boron deposit
- Strategically located in Nevada, USA
- Resource[1] containing 3.4 million tonnes of lithium carbonate and 11.3 million tonnes of boric acid
- Large, shallow and scalable
- Option for 100% ownership interest
High Grade Zone
- 65Mt at 1.0% Li2CO3 and 9.1% H3BO3
- 650kt lithium carbonate and 5.9Mt boric acid
- Sufficient to support 3Mtpa operation over 20 years
- 20m thick, shallow and open in three directions
Potential For
- Low-cost open-pit mining methods
- Low-cost, simple process route to produce lithium carbonate and boric acid on site
- Favourable economics compared to other sources of lithium
- Major, low-cost supplier for Li and B
- High demand growth rates predicted for Li and B
Global Market - Lithium and Boron
Current Supply:
- Four companies currently produce 85% of world supply
- Nearly 60% of world's identified Li resources are in Bolivia, Chile and Argentina
- Only on mine in production in the USA
Rapid Growth in Demand Predicted:
- Driven by Electric Vehicles and Energy Storage
- Demand forecast to increase 70% by 2020 and 190% by 2025
- Lithium-ion battery market predicted to quadruple by 2020
Uses of Boron, Borates, Boric Acid:
- Energy - insulation, solar, wind turbines (magnets)
- Urbanisation - glass, ceramics, electronics
- Agriculture - critical element for crop yields
Supply and Demand:
- Rio Tinto (USA) and Eti Maden AS (Turkey) dominate supply
- Only one major mine in production in the USA (Boron, CA)
- China and USA largest Consumers
- Consumer driven growth with urbanisation and expanding middle class, 4-5% CAGR predicted
Project Overview and History
- Large Property, Simple Ownership
o 29km2, exclusive option for 100% interest
- Deposit Type
o Sediment hosted (stratiform) lithium-boron deposit
o Main ore mineral is searlesite, a sodium boro-silicate mineral
- North Basin (20km2)
o Explored for boron in 1980's by US Borax
o 37 rotary/percussion drill holes
o 100-260m thick intersections in 9 holes drilled over an area of 5 square kilometres
o Reportedly 2nd largest boron deposit in USA at the time
- South Basin (9km2)
o Explored for lithium in 2010-2011 by JOGMEC
o 15 RC and 21 diamond drill holes
o Maiden Resource estimate by GSC - Oct 2016
Notes:
[1] Refer to public report dated 10/10/2016 for further information regarding the Minerals Resources estimate
To view the complete Presentation, please visit:
http://abnnewswire.net/lnk/133V6IJ5
About Global Geoscience Limited:
Global Geoscience Ltd. (ASX:GSC) is a Sydney-based mineral exploration company specialising in greenfield exploration and mineral discovery. The Company's main focus is for copper, gold and silver on its mostly 100%-owned projects in Nevada and Arizona in the United States, and Peru in South America.
Contact:
Bernard Rowe Managing Director
Global Geoscience Ltd.
Phone: +61-2-9922-5800
Email: browe@globalgeo.com.au