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Rodinia Lithium Inc. In brightness of current press releases and mass media comments issued with respect to lately ratified Decree 7592/11 in Jujuy Province, Argentina, Rodinia would prefer to remind all traders and stakeholders the fact that Companys flagship assets are not situated inside Jujuy Province and therefore are as a result unaffected through the decree. The organization includes a profile of 3 lithium-brine tasks in Salta Province, Argentina, which includes its flagship Salar de Diablillos task (Diablillos), and 1 potentially equally substantial lithium-brine task in Clayton Valley, Nevada, united states (Clayton Valley).
William Randall, President and CEO of Rodinia, commented Mining legislation and federal government action inside the mining industry varies significantly from province to province in Argentina, as properly as the evolution of legislation in 1 province does not straight influence neighbouring provinces. within our experience, and searching back again on the history, Salta has often been a mining-friendly province and has long been encouraging an surroundings in which tasks may be actively explored, produced and fit into production. Salta Province has nearly a century of mining history. This background consists of substantial operate and involvement by the two junior explorers and senior producers like Rio Tinto Minerals, and these confidential organizations have certainly not encountered any interference in the government. This pro-business and supportive surroundings is distinctive to pick out locations in Argentina and is commonly a particular purpose why we chosen the Diablillos Project.
Rodinia is even now functioning to completely realize all of the developments in Jujuy and their prospective influence on lithium exploration and exploitation. since the organization understands it, Decree 7592/11 seeks to preserve organic options in Jujuy the fact that governing provincial team believes ought to grow to be an integral component belonging to the overall economy and also a resource of nearby additional worth and labour participation. mass media protection within the subject has recommended that, additionally to an Environmental influence assertion approval, exploration and exploitation degree tasks will now demand approval with a Committee of professionals and through the joint resolution belonging to the Minister of manufacturing as properly as the Secretary standard belonging to the Provincial Government. The Committee of professionals is to become comprised of 7 seats from educational and political provincial organizations and two politicians in the Jujuy Legislative Assembly. Rodinia has long been actively pursuing the developments in Jujuy for more than 6 weeks now and will carry on to accomplish so.
Two Flagship Assets outdoors Jujuy Diablillos & Clayton Valley. Rodinia is actively advancing its two flagship assets: Diablillos, situated in Salta Province, Argentina and Clayton Valley, situated in Nevada, USA.
In much less than 1 years time, Rodinia has raised the needed funds and finished the needed drilling and exploration operate to define a 4.95 million tonne lithium carbonate equivalent source estimation at its Diablillos Project. This source estimate, finished by impartial engineering and consulting company AMEC Internacional Ingenieria y Construccion Limitada (AMEC), is believed to become the 2nd biggest defined lithium source while in the globe ready below the recommendations established out in nationwide Instrument 43-101. operate to day also suggests the fact that brine geochemistry from Diablillos consists of favourable magnesium and sulphate ratios, that are vital when analyzing the long term manufacturing prospective belonging to the Project. (Please see Press discharge dated March 2, 2011, for extra facts within the source estimate.) extra exploration and evaluation operate is continuing at Diablillos as properly as the organization believes it has the needed funds to progress the task via scoping review in 2011 and views the developments in Jujuy Province as neutral towards the advancement of Diablillos.
Rodinia can also be preparing for its subsequent period of exploration operate at its Clayton Valley lithium-brine task in Nevada, in which in 2010 the organization experienced exploration achievement intersecting lithium-rich brines on its declare blocks enveloping Chemetalls Silver Peak operation. The Silver Peak operation has long been in manufacturing for various decades and is also at present the only domestic resource of lithium carbonate with the United States. substantial end-market chances exist for Rodinia ought to exploration operate be productive as properly as the organization is in a location to fit the Clayton Valley task into production.
Rodinias only asset holding while in the Province of Jujuy is its 4,500 hectare declare covering elements of Salinas Grandes. Salinas Grandes continues to be a improvement chance inside the Companys profile of lithium-brine assets. Minimal exploration operate or expenditures have occurred on Rodinias Salinas Grandes claims.
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