Resumen de Rio Tinto adds time and money to Jadar lithium-borates project
Rio Tinto Minerals, the non-metallic division of Anglo-Australian mining behemoth, Rio Tinto Plc, has secured a licencing agreement and committed funding necessary to complete a prefeasibility study (PFS) at its Jadar lithium-borates project in Serbia by the end of 2017.
"The funding supports our local team of experts and funds all aspects of the [PFS] work - equipment, personnel, geological, environmental and social obligations," a Rio spokesperson told IM.
Rio has declared an inferred inferred resource estimate of 125.3m tonnes jadarite at the site with a weighted average lithium oxide (Li[subscript]2 O) concentration of 1.8% and 16.2m tonnes boron trioxide (B[subscript]2 O[subscript]3 ) for the deposit's lower zone.
