EXPLORATION & DEVELOPMENT

Maiden resource for Dakota

Dakota holds largest pegmatite-hosted JORC lithium resource in Europe

Kristie Batten
Maiden resource for Dakota

The Romano pegmatite at Sepeda has an inferred resource of 10.3 million tonnes at 1% lithium oxide and 0.05% tin.

The Romano pegmatite was discovered by Dakota last year, and is the second discovery for the company.

The other, the high-grade Lynas Find lithium deposit in the Pilbara, was sold to Pilbara Minerals for $A8 million.

Dakota CEO David Frances said the company’s second resource within a year was a major milestone for the company.

“Interim metallurgical testwork results also indicate a low-iron concentrate potentially suitable for the technical market, and we expect to produce battery grade lithium carbonate from conventional metallurgical techniques by April-May,” he said.

“The mineral resource will now form the basis for the outputs of the scoping study and environmental impact assessment.”

Drilling has already resumed, with a resource update targeted by the September quarter, with the current resource already capable of supporting a 10-year mine life.

Dakota is well-funded with nearly $18 million cash at the end of December. Its market capitalisation is a little over $22 million.

Shares in Dakota dropped by 7.5% to 6.1c.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.