EXPLORATION & DEVELOPMENT

Positive test work for Dakota

Maiden lithium resource imminent

Michael Quinn

This article is 9 years old. Images might not display.

The junior said high grade (6.56% Li2O) spodumene mineral concentrate was produced using heavy liquid separation (HLS), achieving 90.6% Li2O recovery from diamond core material.

The suggestion from this is dense media separation (DMS) “would be a viable processing route” for the Lynas Find spodumene ore.

Meanwhile the company is to soon report a maiden resource.

Lynas Find is 100km south of Port Hedland.

Dakota is one of a swarm of juniors in the region in the wake of the lithium boom and early success of Pilbara Minerals.

Shares in Dakota were up nearly 12% to A6.7c in late trade, capitalising the company at $21.5 million.

Dakota’s shares are triple what they were 12 months ago, but well down on the 26.5c they spiked to back in May.

The company started the September quarter with $14.3 million cash, with $12 million of that raised in May when shares were issued at 20c.  

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