Critical materials firm AMG inks MOU targeting development of lithium operation in Portugal

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Critical materials firm AMG inks MOU targeting development of lithium operation in Portugal
France Dernières Nouvelles,France Actualités
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- AMG Critical Materials announced Thursday that AMG Brazil has signed an exclusive memorandum of understanding with Grupo Lagoa, which operates a pegmatite mine supplying the Portuguese ceramic and glass industry since 1984.

“To date, we have performed comprehensive metallurgical tests on a laboratory scale and have confirmed a viable mineral processing route to convert a representative sample of 1.1% Li2O yielding an output of 5.6% Li2O spodumene concentrate at 15.5% mass recovery and 76.2% metallurgical recovery,” it added.

Additional geological studies, including diamond drilling, are currently being conducted to confirm present estimates of the size and quality of the resources which the company believes will support an industrial spodumene operation similar in size to its existing Brazilian operations.

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