Rock Tech Begins Preliminary Economic Assessment at Georgia Lake
Rock Tech Begins Preliminary Economic Assessment at Georgia Lake
VANCOUVER, June 4, 2018 /CNW/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") [TSX-V:
RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce that it has engaged DMT GmbH & Co. KG
("DMT") to complete a Preliminary Economic Assessment ("PEA") at its flagship 100%-owned Georgia
Lake lithium property in the Thunder Bay Mining District of Northwest Ontario, Canada.
The PEA will be based on the updated resource estimate, due for release shortly, which is expected to
include an increase in total tonnage and an upgrade in resource classification relative to the NI 43-101
resource estimate completed in 2012. The new resource estimate will include results of the work Rock
Tech has invested in during the past 18 months. The updated resource estimate is also being prepared
by DMT, as disclosed in a news release dated March 20, 2018.
"DMT possesses full-service capabilities including resource definition, mining, processing, engineering
and geotechnical expertise," said Martin Stephan, Chief Executive Officer of Rock Tech. "DMT's well-
qualified personnel with worldwide project experience and in-depth knowledge of international
environmental, technical and financial requirements for the evaluation of mineral projects make them the
perfect partner for the development of the Georgia Lake project."
"We have made successful investments over the past few years at Georgia Lake including the first-ever
NI 43-101 resource estimate, the successful bench-scale production of high-grade spodumene
concentrate and battery-grade lithium carbonate and the discovery of several additional lithium-bearing
pegmatites," added Dirk Harbecke, the chairman of Rock Tech's board of directors. "The commissioning
of a PEA represents a huge leap forward in the development of the Georgia Lake property. We are happy
to work with DMT on it, a respected international institution which huge experience in bringing projects
into production."
About DMT GmbH & Co. KG
DMT is a global consortium, providing interdisciplinary services in the Mining, Oil & Gas, Civil Engineering
& Infrastructure and Plant Engineering markets with a client roster that includes Anglo American, BHP
Billiton, OMV, E.ON, Schlumberger, De Beers and leading institutes such as The World Bank and the
Asian Development Bank. DMT occupies 30 offices worldwide and belongs to the German certification
agency TÜV NORD GROUP. To date, DMT has completed several thousand projects in over 150
countries, working in over 25 countries in a typical year.
About Rock Tech Lithium:
Rock Tech Lithium is an exploration company focused on acquiring and exploring properties in the field of
lithium and other selected battery metals. The Georgia Lake Lithium project aims to develop a lithium-rich
pegmatite vein deposit for the purpose of mining. The deposit was discovered in the Thunder Bay Mining
district in northwestern Ontario/Canada, close to the Lake Superior, as early as 1955. Rock Tech Lithium
has been working increasingly on the property since 2016 – in a market environment, where the trend for
electric cars on the international market has been rising steeply for years. Analysts expect that more than
25% of newly sold cars in 2025 will be electrified, with the demand for batteries and therefore battery
metals such as lithium expanding rapidly.
On behalf of the Board of Directors of the Company,
"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Statements included in this announcement, including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐
looking statements". Forward‐looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that
forward‐looking statements, including without limitation those relating to the Company's future operations
and business prospects, are subject to certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward‐looking statements.
SOURCE Rock Tech Lithium Inc.
View original content with multimedia:
http://www.newswire.ca/en/releases/archive/June2018/04/c3542.html
%SEDAR: 00005870E
For further information: Brad Barnett, Chief Financial Officer, Rock Tech Lithium Inc., 777 Hornby
Street, Suite 600, Vancouver, B.C., V6Z 1S4, Telephone: (778) 358-5200, Facsimile: (604) 670-0033,
Email: [email protected]
CO: Rock Tech Lithium Inc.
CNW 14:00e 04-JUN-18