Core Insights - Avalon Advanced Materials Inc. announced a 28% increase in Measured and Indicated Mineral Resources at the Separation Rapids Project, reflecting significant progress in defining the lithium deposit [1][2][4]. Summary by Sections Mineral Resource Estimate Update - The updated Mineral Resource Estimate (MRE) was prepared by SLR Consulting and is based on 29 new drill holes, showing a 28% increase in Measured + Indicated Mineral Resource tonnage and a 13% decrease in Inferred Mineral Resource tonnage compared to the 2023 MRE [2][6]. Resource Details - As of January 30, 2025, open pit Measured and Indicated Mineral Resources are estimated at 10.73 million tonnes (Mt) grading 1.27% Li₂O, containing 136,429 tonnes of Li₂O. Inferred Mineral Resources are 0.46 Mt grading 0.84% Li₂O, containing 3,817 tonnes of Li₂O [6][8]. - Combined open pit and underground Measured and Indicated Mineral Resources total 12.98 Mt grading 1.34% Li₂O for 173,306 tonnes of Li₂O. Inferred Mineral Resources total 2.29 Mt grading 1.46% Li₂O for 33,497 tonnes of Li₂O [6][10]. Future Plans - The company plans to advance lithium mineral resource development activities in 2025, focusing on metallurgical, geotechnical, and environmental studies, including extensive research on lithium mineral recovery and process development [16][19]. - Targeted drilling will be conducted to define lithium-bearing volumes along the northwest trend of the Separation Rapids pegmatite field [17].
Avalon Advanced Materials Announces 28% Increase in Measured and Indicated Mineral Resources at JV Separation Rapids Project in Ontario Canada