Agoracom Blog

St-Georges Acquires Le Royal Lithium Discovery $

Posted by AGORACOM-JC at 2:54 PM on Wednesday, October 12th, 2016


The independent due diligence report highlights:

-Sample collected yields 2.58% LiO2

-Regional geological environment is favorable to potential large discovery

-Most of the lithium found in the sample is contained in Lepidolite

-There is presence of spodumene

Montreal, Quebec / October 12, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to announce that based on the results and recommendations of the independent due diligence report recently received, the Company will move forward with the acquisition of Le Royal Lithium project.

The independent due diligence report highlights:

-Sample collected yields 2.58% LiO2

-Regional geological environment is favorable to potential large discovery

-Most of the lithium found in the sample is contained in Lepidolite

-There is presence of spodumene

-Compilation of historical geological data indicate multiple exploration targets

St-Georges’ Management has hired Magnor Exploration Inc. to plan and execute a first exploration campaign on Le Royal Lithium later this fall. The campaign goals will be to identify surface mineralisation and drilling targets.

New Acquisition Terms for Le Royal Lithium

St-Georges’ management actively negotiated with Platypus Resources (ASX:PLP) to modify the commercial terms agreement that gives access to Platypus L-Max(R) patented lepidolite and hard rock lithium extraction technology.

Under the new terms agreed upon St-Georges will,

-Own 90% of Le Royal Lithium discovery and bear all payments and exploration obligation.

-Be the lead explorer and developer of Le Royal Lithium

Platypus will own a carried interest of 10% of Le Royal Lithium and will provide a license for their extraction technology.

Le Royal Lithium Acquisition Payments and Obligations Update

The new agreement establishes St-Georges’ ownership at 90% against payments of 2.5 million shares and $50,000 over 1 year and CAD $450,000 worth of qualified exploration work on the project over the next 3 years.

Platypus additional option

Within the first year of the agreement, PLP will be allowed to acquire an additional interest of 40%, bringing its total ownership to 50% in return for paying to St-Georges 150% of all payments and costs associated to the exploration and development of Le Royal Lithium. After the first year and until commercial development investment decision, Platypus will have to pay 200% of all payments and costs in order execute the same option.

The licenced L-Max(R) Technology

The agreement also established a framework for the usage of the L-Max(R) technology owned by Platypus. L-Max(R) is a proprietary process developed to extract and recover battery-grade lithium carbonate and potassium sulfate fertilizer from Li-rich micas. Micas include lepidolite, zinnwaldite and Li-containing muscovite.

Unlike other lithium extraction processes, the L-Max(R) process does not require significant amounts of land for evaporation ponds, or costly pyrometallurgical processing routes in order to extract and recover the valuable lithium. The hydrometallurgical L-Max(R) process involves direct atmospheric leaching of lithium mica and purification with subsequent lithium carbonate precipitation. It differs considerably from the traditional processing of spodumene, which requires high temperature decrepitation and sulfate roasting prior to lithium recovery. This novel process is simpler and is expected to have lower energy requirements than existing lithium recovery processes. The processing of lithium micas also results in the production of potassium and rare metals containing by-products, which could significantly offset the operating costs of lithium carbonate production. The metallurgical test work has demonstrated the viability of producing battery-grade lithium carbonate (99.5% purity) and potassium containing fertilizer from the Li-mica feed material.

The L-Max(R) process uses mainstream industrial chemicals namely, sulfuric acid and lime/limestone. These are cheap and readily available chemicals that are the cornerstone of large-scale chemical processing. L-Max(R) does not use expensive, specialized reagents that may be difficult to obtain, expensive to procure, or complex in operation. The use of cheap, readily available reagents does not necessitate their recovery or recycling, thus further reducing the costs of the process.

The process has been extensively tested in a series of batch laboratory tests using ore from Lithium Australia (ASX:LIT) and European Metals Holdings (ASX:EMH). The flotation of lithium mica from the pegmatite ore is a useful upgrade step and was successful, achieving high lithium recovery. Leaching of the lithium micas has achieved very high dissolution rates in relatively short leaching times.

Click Image To View Full SizeFigure 1. L-Max(R) Technology Flow Chart

The results of metallurgical test work demonstrated the viability of producing battery-grade lithium carbonate and potassium containing fertilizer from the mica material. (Figure 1)

Figure 1. L-Max(R) Technology Flow Chart

For more information about the L-Max(R) Lithium extraction technology please visit Platypus Resources/Lepidico web site at

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.


“Frank Dumas’


About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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