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METALSTECH LIMITED

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MetalsTech is focused on the exploration of hard rock lithium and cobalt across its portfolio of projects in Quebec and Ontario, Canada.


Resource definition drilling underway at its 100%-owned Cancet Lithium Project where up to 5.58% Li2O has been assayed in drill target zone from surface, and a Scoping Study for the project is expected in late 2017.

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Project Highlights

  • Acquired in April 2017
  • Initial acquisition of 672ha less than 10km SSW of the Historic Silver Mining Camp of the Cobalt Township in Ontario, Canada
  • Proposed expansion of project through acquisition of 11 contiguous mineral claims to increase the Company’s landholding at Bay Lake four-fold to 2,744ha within a highly prospective Ag-Co rich geological domain
  • 5km NNW of Equator Resources Limited’s (ASX: EQU) Cobalt Camp Project
  • Historical mine shafts have exposed cobalt rich cobaltite veins assaying 15.36%, 15.29%, 14.31% and 15.27% Co
  • Initial exploration plans include:
    • A comprehensive ground mapping, mechanised trenching, sampling and drill target identification program – to commence during June 2017
    • An Airborne EM survey over the key project area – to commence during July and August 2017
    • An IP survey
    • Drilling program targeted for Q3-2017 following detailed first phase data analysis

Target Geology


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Strategic Partnership with Lithium Australia (ASX:LIT)

MetalsTech has entered into a Strategic Partnership Agreement with ASX-listed Lithium Australia to use and apply (on an exclusive basis in Quebec) its proprietary Sileach and LieNA lithium extraction technologies, as well as pipeline technologies applicable to the processing of lithium from spodumene concentrate.

Lithium extraction technology and hard rock processing solutions will play a strategic role in the lithium space into the future. A low cost processing solution is core to our business strategy and combined with our exposure to some of the cheapest industrial power globally in Quebec-Hydro, we believe with the help of a technology partner like Lithium Australia, we can strategically position ourselves to be one of the lowest cost lithium producers and a supplier of choice for the North American market.

About Sileach

Lithium Australia has developed a hydrometallurgical process, the Sileach process, for the recovery of lithium from spodumene, the host crystals for MetalsTech’s lithium projects and currently the primary source of hard rock lithium production globally.

Key features of the proprietary process include:

  • universal leaching process for Li ores such as spodumene, micas, jadarite and clays
  • low energy, no roasting required
  • low cost
  • low temperature / atmospheric pressure
  • rapid reaction times

Sileach has demonstrated lithium extractions from alpha-spodumene of up to 92% in 4 hours.

Sileach continuous pilot plant operation, ANSTO Minerals, Lucas Heights, NSW shown in image (bottom right).

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