Lomiko Updates Investors on the Graphene-Battery Zone and Renamed EV Zone at La Loutre Flake Graphite Project
Lomiko Metals Inc. is progressing with its Preliminary Economic Assessment (PEA) at the La Loutre Flake Graphite Project.
Sentiment and the balance of points
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Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) is currently working on the Preliminary Economic Assessment (“PEA”) at the La Loutre Flake Graphite Project. Lomiko has re-named the Refractory Zone to the EV Zone. The name ‘Refractory’ was not a reference to the type of ore found but to an end-product for flake graphite like batteries or graphene, which are the names of the other zones. However, because it is also a geology term, it caused confusion for readers. There is no indication of ‘Refractory’ ore on the property.
La Loutre Access Road (Photo: Business Wire)
Graphene-Battery Zone
The successful 2019 drilling campaign was at the EV Zone (formerly Refractory). Please see the detailed EV Zone drill map for details. The Project was also the subject of an independent technical report in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects, prepared by B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP Mining Inc., dated March 24, 2016, filed for the Project’s combined Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M Tonnes at a grade of