The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Critical Resources (CRR) progresses its test work program of samples from its Mavis Lake lithium project in Ontario, Canada, producing its first concentrate
  • SGS Canada completed test work on a high-grade composite compiled using drill core samples
  • While results are pending, CRR says initial indications are that Mavis Lake spodumene is amenable to beneficiation by DMS processing
  • A representative-grade composite will be tested next, as part of the wider program set to continue through to mid-February with results due by the end of this quarter
  • CRR shares were up 4.6 per cent trading at 4.5 cents at 11:30 am AEDT

Critical Resources (CRR) has made progress in its test work program of samples from its Mavis Lake lithium project in Ontario, Canada with the first concentrate produced.

SGS Canada was engaged by the company to undertake a basic heavy liquid separation (HLS) and magnetic separation test work program since October.

This work is proposed to determine the amenability of Mavis Lake spodumene for dense media separation (DMS) processing.

The samples used for the test work come from drill core that was selected to provide a wide range of spatial locations, lithia grades, lithologies, spodumene intersection depths, and also account for typical mining dilution.

Critical Resources said focus was placed on representing the known Mavis Lake mineralised zone as accurately as possible while designing the sample suite.

From the samples, SGS compiled and created a representative grade and high-grade composite. The high-grade composite has been tested, with the representative-grade due to be tested shortly.

While the results won’t be known until the whole testing program is complete, the company’s Managing Director, Alex Cheeseman, said the initial indications are the Mavis Lake spodumene is amenable to beneficiation by DMS processing.

Testing is set to continue through to mid-February and, once complete, final products will be assayed to determine concentrate grade, impurity profile and recovery/yield estimates.

Critical anticipates it will receive the full results by the end of the current quarter.

“The outcomes of the metallurgical test work will directly support a scoping study and significantly assist us with planning our pathway to production,” Mr Cheeseman said.

“With a major drill campaign underway, our knowledge of the mineralisation and the characteristics of the Mavis Lake Main Zone continue to grow – setting the foundations for the next phase in this exciting project”.

CRR shares were up 4.6 per cent trading at 4.5 cents at 11:30 am AEDT.

crr by the numbers
More From The Market Online
Picture of antimony as nuggets

Tungsten Mining locks in high-grade concentrate after metwork; offtaker samples sent

ASX-listed Tungsten Mining (ASX: TGN) might soon find itself with an offtake partner after sending to several such potential

Tungsten tough – critical mineral attracting massive investment across the globe

Tungsten is widely known as one of the toughest elements available and it has become one…
The ASX Today feature image with a blue Australia silhouette (STOCK) beside The Market Link column branding.

ASX Today: XJO treads in face of many headwinds; whatever the hell AI firms are playing at

Greetings and welcome to HotCopper‘s ASX Today intraday market summary, I’m Jonathon Davidson filling in for the team while the Perth office set
Silver oil concept

Oil ETF investors have had a bumper year thus far, and it’s likely to continue

While ETFs sometimes turn off daily traders and speccy enthusiasts given they tend to be on the whole a bit more tame, those