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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 Provides Processing Update on Progress at Diablillos

11/06/2013 10:01pm

Marketwired Canada


Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF)
is pleased to provide an update on its small scale pilot pond system at its
wholly owned Salar de Diablillos lithium-potash project, located in Salta
Province, Argentina. The small scale pilot pond system, which has been working
continuously since February 2012, has been providing on site experience and
allowing for several advances in the metallurgical process. Highlights from the
pilot pond system include:




--  Second batch of lithium carbonate produced, increasing purity to 99.79%
    Li2CO3 
--  Additional work completed to improve removal of interfering magnesium
    and sulphate ions 
--  Developed and demonstrated an alternate method to produce caustic soda
    during the process 
--  Use of caustic soda later in the production process, potentially
    reducing reagent costs 
--  Work continues on site to improve yield, develop separation techniques
    and reduce raw material costs



William Randall, President & CEO of Rodinia, commented, "While we experienced
delays due to a variety of factors, including a third straight year of record
rainfall during January and February, we are on track to deliver an updated
economic study on the project. Results of additional work conducted on the Salar
lead us to believe the updated study will be in line with our previously
completed Preliminary Economic Assessment, showing very robust figures with
relatively low capital expenditure. Management believes that the high returns
and low capital output of the project are attractive components in the current
financial climate." 


During the first quarter of 2013, a second process run on a larger scale was
completed, resulting in the production of a second batch of lithium carbonate.
The process employed remains largely the same as the Company's initial run, but
the increased quantity of lithium carbonate produced allowed for a hot water
wash to improve the quality of the lithium carbonate. This additional step in
the process resulted in increased lithium carbonate purity of 99.79%.


In addition to completing production of a second batch of lithium carbonate, the
Company's engineering team has been operating the small scale pilot pond system
continuously in search of improvements in the process design. The engineering
department has been successful in lowering magnesium and sulphate concentration
below levels achieved in previous runs. Removal of magnesium and sulphate ions
to achieve low concentration levels in accordance with the Company's process
design has been successful.


In addition, a significant development has been achieved in the production of
caustic soda during the evaporation sequence. An alternate method was tested on
the Salar in an attempt to harvest caustic soda during the regular operation of
the evaporation ponds. The Company remains encouraged that the successful
harvesting of caustic soda could result in lowered externally sourced reagent
use, which in turn, has the potential to lead to meaningful operating cost
savings.


The Company expects to provide further updates of work completed on the Salar de
Diablillos over the coming months.


The project is supervised by Bob Cinq-Mars, P. Eng. Mr. Cinq-Mars 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. Mr. Cinq-Mars is not independent of the Company.


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.


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 with
respect to the pilot pond system, the timing with respect to future results,
timing with respect to the completion of an updated economic study; the
potential of the Diablillos property; the potential results and timetable for
further exploration with respect to 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

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