Global Geoscience Limited: Investor Presentation - New York Roadshow Dec 2016
06.12.2016 | ABN Newswire
Sydney - Global Geoscience Ltd. (ASX:GSC) is pleased to provide the company's Investor Presentation at New York Roadshow in Dec 2016.Investment Highlights
- Strategic Asset
-- One of the largest lithium and boron deposits in the USA
-- No other comparable deposits in North America
-- Resource containing 3.4 million tonnes of lithium carbonate and 11.3 million tonnes of boric acid
-- Favourable jurisdiction, infrastructure, skilled workforce
-- Option for 100% ownership interest
- High Grade Searlesite 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 in a strong market for both products
Project Overview & History
- Large Property, Simple Ownership
-- 22km2, GSC holds option over 100% interest
- Deposit Type
-- Sediment hosted (stratiform) lithium-boron deposit
-- Main ore mineral is searlesite, a boro-silicate mineral
- North Basin(13km2)
-- Explored for boron in 1980's by US Borax
-- 100-260m thick intersections in 9 holes drilled over an area of 5 square kilometres
-- 2nd largest boron deposit in USA at the time
- South Basin (9km2)
-- Explored for lithium in 2010-2011 by JOGMEC
-- 15 RC and 21 diamond drill holes
-- Maiden Resource estimate by GSC - Oct 2016
Summary
- Strategic Asset
-- Very large lithium-boron deposit located in Nevada, USA
- Advanced-Stage Project
-- Maiden Resource completed
-- Fully funded PFS scheduled to commence in early 2017
-- Opportunity to move quickly into development
- Significant Potential
-- Strategic, long-life, low-cost source of lithium and boron
-- Potential supplier to the rising global demand for lithium carbonate
To view the presentation, please visit:
http://abnnewswire.net/lnk/0XB405Z8
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