Source: Streetwise Reports 02/28/2019
The first smattering of tests aimed to further optimize the leaching process.
Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) announced in a news release that completion of the first phase of metallurgical testing for the prefeasibility study (PFS) on its Clayton Valley lithium project confirmed the parameters used in the 2018 preliminary economic assessment (PEA).
Specifically, the new tests led to the state where lithium could be recovered consistently and extraction was optimized at 75–83% to allow for various types of leaching scenarios, the company noted. Sulfuric acid consumptions were 85–132 kilogram per ton.
Continental Metallurgical Services (CMS) has been doing and continues to carry out the metallurgical test work. CMS conducted 75 individual tests that involved leaching composite sample material from the project, the goal being to reproduce the leaching aspect of the process outlined in the PEA’s flow sheet, according to the company.
“While [the testing] was time consuming, the information gained on the behavior of the clay during leaching is invaluable and represents a huge step forward in our understanding of the leaching process,” CEO Bill Willoughby said in the release. “With this as a foundation, we are confident in moving forward to the next phase of testing in the PFS.”
The remaining work for the PFS will focus on demonstrating how lithium produced from the pregnant leach solution can be converted into a sellable form.
Read what other experts are saying about:
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cypress Development Corp. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
( Companies Mentioned: CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE,
)