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RM RouteMaster Capital Inc

0.83
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
RouteMaster Capital Inc TSXV:RM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.83 0.82 0.84 0 01:00:00

Rodinia Lithium Produces Battery Grade Lithium Carbonate of Over 99.45% Purity

16/10/2012 1:00pm

Marketwired Canada


Rodinia Lithium Inc. (TSX VENTURE:RM)(OTCQX:RDNAF) successfully produced lithium
carbonate from the concentrated brine derived from the pilot ponds installed at
its Diablillos property, located in Salta, Argentina. This first batch of
lithium carbonate achieved a purity of 99.45% Li2CO3, and can be further washed
employing the same methods to 99.75% Li2CO3. The process employed during the
production of lithium carbonate is approximately the same as described in the
Company's Preliminary Economic Assessment ("PEA") filed on SEDAR at
www.sedar.com. 


William Randall, Rodinia's President & CEO, commented, "The production of
battery grade lithium carbonate from brine concentrated on site is a major
milestone for Rodinia. This reflects on both the quality of our brine and that
of our team, who has advanced this project through the initial phases with
remarkable success. This last achievement serves as further encouragement that
our process design, as described in the PEA, can achieve high purity lithium
carbonate production at the estimated costs." 


The brine was concentrated and treated on site at the Salar and then shipped to
SGS Laboratories in Lakefield, ON. The brine was then processed to prioritize
lithium carbonate production following the flow sheet described in the PEA.
Further batches of concentrated brine derived from the pilot ponds will be
available for further processing prior to completing a full cycle at pilot scale
in the first quarter of 2013. Completion of the pilot plant cycle is expected
during the first quarter of 2013 and is expected to be the final component of
the upcoming Feasibility Study.


William Randall added, "The next deliverable is expected to be the completion of
an upgraded resource estimate that, in conjunction with the information gathered
during operation of the pilot plant in Q1 2013, will form the basis of the
Feasibility Study. All drilling and major construction work has been completed
on site, which means we can focus our resources on the optimization of our
Feasibility Study."


About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company
with a primary focus on Lithium exploration and development in North and South
America. The Company is also actively exploring the commercialization of a
significant Potash co-product that is expected to be recoverable through the
lithium harvesting process.


Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina,
contains a recoverable resource of 2.82 million tonnes lithium carbonate
equivalent and 11.27 million tonnes potassium chloride equivalent. The project
contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L
lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on
continuing to develop the Diablillos project by completing additional drilling
and advancing through feasibility study.


The Company also holds 100% mineral rights to approximately 15,000 acres in
Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in
the process of assessing the size, quality and processing alternatives of this
deposit. The Clayton Valley project is located in the only known lithium-brine
bearing salt lake in North America, and looks to represent the only new source
for domestic lithium carbonate supply.


The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration.
Mr. Spanjers is considered a Qualified Person, as defined by National Instrument
43-101 and has reviewed and approved the scientific and technical information
contained in this press release.


Please visit the Company's web site at www.rodinialithium.com or write us at
info@rodinialithium.com. 


Cautionary Notes 

Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. Such forward-looking information may be identified
by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding
the anticipated effects of the results and the impact of such results upon the
PEA, the timing with respect to future results, timing with respect to the
completion of the PEA; the potential of the Diablillos property; the potential
results and timetable for further exploration with respect to the Clayton Valley
project and the Diablillos property, the timetable with respect to future
acquisitions and exploration developments at Clayton Valley and Diablillos,
timetable for further exploration, analysis and development, title disputes or
claims; and governmental approvals and regulation. There can be no assurance
that such statements will prove to be accurate; actual results and future events
could differ materially from such statements. Factors that could cause actual
results to differ materially include, among others, metal prices, competition,
financing risks, acquisition risks, risks inherent in the mining industry, and
regulatory risks. Most of these factors are outside the control of the Company.
Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the Company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise.


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