I wonder what RioTinto are thinking about the following lines from JDR Lithium Ann Wednesday 14Nov18. I am sure they are going over the JDR results very carefully and find them mouthwatering as i do....Especially considering RIO giant Jadar lithium deposit is neighbouring ours, and they too have high levels of Lithium and boron. Similar geology.
JDR asx Ann Wednesday 14Nov18 "The lithium values peak at 220ppm, with a number of samples grading above 150ppm. These values cluster in a number of clear trends (refer to Figure 1 for combined phase one and two Li results).
The boron values peak at 826ppm, while a number of samples cluster and define anomalous zones with B values above 300ppm.
Importantly, the two elements appear to define a similar trend and anomalous value distribution."
Due to its high lithium and boron concentrations Jadar has been ranked as one of the largest lithium deposits in the world. If developed, it has the potential to supply a significant percentage of global demand for lithium.
The lightest metal on Earth, lithium is used in a vast array of products, most notably batteries for hybrid and electric vehicles. The deposit also contains borates, which are essential building blocks for heat resistant glass, fibreglass, ceramics, fertilisers, detergents, wood preservatives and many other household and commercial products. They are used in insulation that makes buildings energy-efficient, and to produce TV, computer and smartphone screens.
drifta
JDR Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held