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Lithic Metals and Energy Ltd

  • BY: Andrew Hore |
  • POSTED: 05/06/2009 |

Lithic Metals and Energy Ltd has announced resource figures for the Kpot nickel prospect in Togo.

The JORC compliant initial inferred resource is 12.25m tonnes @ 0.83% nickel. That is equivalent to just over 100,000 tonnes of nickel. There is significant potential upside to this resource.

The grade is better than expected from the test pitting programme.

The site is near to road and rail infrastructure which should make it easier to develop.

At 3.75p a share, Lithic is valued at 4.74m. 

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