Yahoo Finance 92 Resources on the Case for Hard Rock Lithium
ZURICH, SWITZERLAND / ACCESSWIRE / March 1, 2016 / Today, mining analyst Stephan Bogner published an initiating coverage on 92 Resources Corp. (TSX.V:NTY.V - News) as the company announced earlier today to acquire the Hidden Lake Lithium Property in Yellowknife, NWT, Canada.
Historic trench sampling showed grades between 0.64% and 1.4% lithium. Nemaska's Whabouchi Deposit in Québec has open-pit resources averaging 0.7% lithium aiming to produce its carbonate at costs of $3,771 USD/t. Production costs from brines are somewhat lower with $2,000-3,000 USD/t yet at a current price near $14,000 USD/t, hard-rock mining has become a very lucrative business as well. Hard-rock has the advantage of a short and direct path to production, one that is not influenced by weather.
The full research report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/92Resources1en.pdf
English (web version):
http://rockstone-research.com/index.php/en/research-reports/716-92-Resources-on-the-case-for-Hard-Rock-Lithium
German (PDF):
http://rockstone-research.com/images/PDF/92Resources1de.pdf
Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research Ltd.
