{"id":396891,"date":"2020-12-09T17:34:26","date_gmt":"2020-12-09T22:34:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396891"},"modified":"2020-12-09T17:34:26","modified_gmt":"2020-12-09T22:34:26","slug":"rio-tinto-declares-maiden-ore-reserve-at-jadar","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/","title":{"rendered":"Rio Tinto declares maiden Ore Reserve at Jadar"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Rio Tinto declares maiden Ore Reserve at Jadar<\/b><\/p>\n<p>MELBOURNE, Australia&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRio Tinto has today disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at the 100% owned Jadar lithium-borates project in western Serbia.\n<\/p>\n<p><b>The Ore Reserve is 16.6 Mt at 1.81% Li<sub>2<\/sub>O and 13.4% B<sub>2<\/sub>O<sub>3<\/sub><\/b><\/p>\n<p>\nThe Mineral Resource underlying the maiden Ore Reserve has been updated to incorporate additional drilling which resulted in an updated geological model. Mineral Resources are reported exclusive of Ore Reserves.\n<\/p>\n<p><b>The Mineral Resource comprises 55.2 Mt of Indicated Resource at 1.68% Li<sub>2<\/sub>O and 17.9% B<sub>2<\/sub>O<sub>3<\/sub> with an additional 84.1 Mt of Inferred Resource at 1.84% Li<sub>2<\/sub>O and 12.6% B<sub>2<\/sub>O<sub>3<\/sub><\/b><\/p>\n<p>\nThe update precedes the release of the project\u2019s \u2018Elaborate of Resources and Reserves\u2019, reporting required under the Serbian Reporting Code YU53\/79. Declaration of resources and reserves is an important milestone as the project progresses towards the award of an exploitation license, the precursor to a construction licence.\n<\/p>\n<p>\nPre-feasibility studies have shown that the Jadar project has the potential to produce both battery grade lithium carbonate and boric acid. The deposit is located on the doorstep of the European Union, one of the fastest growing electric vehicle (EV) markets in the world, and has the potential to provide lithium products into the EV value chain for decades. Boric acid is, a key raw material for advanced glass and fertilizer products and would be integrated with and complimentary to Rio Tinto\u2019s established position in this market. The scale and high grade nature of the Jadar mineralisation provides the potential for a long life operation in the first quartile of the industry cost curve for both products.\n<\/p>\n<p>\nThe project under study consists of an underground mine, sustainable industrial processing and waste facilities as well as associated infrastructure. Jadar, one of the largest greenfield lithium projects in development, would be capable of producing approximately 55 thousand tonnes of battery grade lithium carbonate, as well as 160 thousand tonnes of boric acid (B<sub>2<\/sub>O<sub>3<\/sub> units) and 255 thousand tonnes of sodium sulfate as by-products per annum. It represents a significant investment for Serbia with both direct and indirect economic benefits, and would become the country\u2019s second largest exporter.\n<\/p>\n<p>\nAt the end of July 2020, the project moved into feasibility study, with an investment of almost $200 million on a scope that includes detailed engineering, land acquisition, workforce and supply preparation for construction, permitting and the early infrastructure development. The feasibility study is expected to be complete at the end of 2021 and, if approved, construction could take up to 4 years.\n<\/p>\n<p>\nCopies of the full release to the ASX is available on Rio Tinto\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam12.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.riotinto.com%252Finvest%252Ffinancial-news-performance%252Fresources-and-reserves%26data%3D04%257C01%257CAmanda.Chan%2540riotinto.com%257C79c605c41c744ecac85c08d89c8b4245%257C4341df80fbe641bf89b0e6e2379c9c23%257C0%257C0%257C637431469221166122%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C1000%26sdata%3Ds%252B2ciy4a%252Bz5NggTrjD%252Fs8utjhR2iIi%252FsGiNXyDYQHew%253D%26reserved%3D0&amp;esheet=52345893&amp;newsitemid=20201209006026&amp;lan=en-US&amp;anchor=riotinto.com%2Ffinancial-news-performance%2Fresources-and-reserves&amp;index=1&amp;md5=37efee118c2627afc5cfcf8163333275\">riotinto.com\/financial-news-performance\/resources-and-reserves<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209006026r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201209006026\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201209006026\/en\/<\/a><\/span><\/p>\n<p><a rel=\"nofollow\" href=\"mailto:media.enquiries@riotinto.com\">media.enquiries@riotinto.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.riotinto.com&amp;esheet=52345893&amp;newsitemid=20201209006026&amp;lan=en-US&amp;anchor=riotinto.com&amp;index=2&amp;md5=dcc5c58728ed3c902cf2de3c58f6cfb4\">riotinto.com<br \/>\n<\/a><\/p>\n<p>Follow @RioTinto on Twitter<\/p>\n<p><b>Media Relations, United Kingdom<br \/>\n<\/b><br \/>Illtud Harri<br \/>\n<br \/>M +44 7920 503 600<\/p>\n<p>David Outhwaite<br \/>\n<br \/>T +44 20 7781 1623<br \/>\n<br \/>M +44 7787 597 493<\/p>\n<p><b>Media Relations, Americas<br \/>\n<\/b><br \/>Matthew Klar<br \/>\n<br \/>T +1 514 608 4429<\/p>\n<p><b>Media Relations, Asia<br \/>\n<\/b><br \/>Grant Donald<br \/>\n<br \/>T +65 6679 9290<br \/>\n<br \/>M +65 9722 6028<\/p>\n<p><b>Media Relations, Australia<br \/>\n<\/b><br \/>Jonathan Rose<br \/>\n<br \/>T +61 3 9283 3088<br \/>\n<br \/>M +61 447 028 913<\/p>\n<p>Matt Chambers<br \/>\n<br \/>T +61 3 9283 3087<br \/>\n<br \/>M +61 433 525 739<\/p>\n<p>Jesse Riseborough<br \/>\n<br \/>T +61 8 6211 6013<br \/>\n<br \/>M +61 436 653 412<\/p>\n<p><b>Investor Relations, United Kingdom<br \/>\n<\/b><br \/>Menno Sanderse<br \/>\n<br \/>T: +44 20 7781 1517<br \/>\n<br \/>M: +44 7825 195 178<\/p>\n<p>David Ovington<br \/>\n<br \/>T +44 20 7781 2051<br \/>\n<br \/>M +44 7920 010 978<\/p>\n<p>Clare Peever<br \/>\n<br \/>M: +44 7788 967 877<\/p>\n<p><b>Investor Relations, Australia<br \/>\n<\/b><br \/>Natalie Worley<br \/>\n<br \/>T +61 3 9283 3063<br \/>\n<br \/>M +61 409 210 462<\/p>\n<p>Amar Jambaa<br \/>\n<br \/>T +61 3 9283 3627<br \/>\n<br \/>M +61 4 7286 5948<\/p>\n<p><b>Rio Tinto plc<br \/>\n<\/b><br \/>6 St James\u2019s Square<br \/>\n<br \/>London SW1Y 4AD<br \/>\n<br \/>United Kingdom<br \/>\n<br \/>T +44 20 7781 2000<br \/>\n<br \/>Registered in England<br \/>\n<br \/>No. 719885<\/p>\n<p><b>Rio Tinto Limited<br \/>\n<\/b><br \/>Level 7, 360 Collins Street<br \/>\n<br \/>Melbourne 3000<br \/>\n<br \/>Australia<br \/>\n<br \/>T +61 3 9283 3333<br \/>\n<br \/>Registered in Australia<br \/>\n<br \/>ABN 96 004 458 404\n<\/p>\n<p>\nCategory:\u00a0General\n<\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe Australia Australia\/Oceania Serbia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Natural Resources Manufacturing Mining\/Minerals<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201209006026\/en\/756940\/3\/Rio_Tinto_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Rio Tinto declares maiden Ore Reserve at Jadar MELBOURNE, Australia&#8211;(BUSINESS WIRE)&#8211; Rio Tinto has today disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at the 100% owned Jadar lithium-borates project in western Serbia. The Ore Reserve is 16.6 Mt at 1.81% Li2O and 13.4% B2O3 The Mineral Resource underlying the maiden Ore Reserve has been updated to incorporate additional drilling which resulted in an updated geological model. Mineral Resources are reported exclusive of Ore Reserves. The Mineral Resource comprises 55.2 Mt of Indicated Resource at 1.68% Li2O and 17.9% B2O3 with an additional 84.1 Mt of Inferred Resource at 1.84% Li2O and 12.6% B2O3 The update precedes the release of the project\u2019s \u2018Elaborate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rio Tinto declares maiden Ore Reserve at Jadar&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396891","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rio Tinto declares maiden Ore Reserve at Jadar - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rio Tinto declares maiden Ore Reserve at Jadar - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rio Tinto declares maiden Ore Reserve at Jadar MELBOURNE, Australia&#8211;(BUSINESS WIRE)&#8211; Rio Tinto has today disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at the 100% owned Jadar lithium-borates project in western Serbia. The Ore Reserve is 16.6 Mt at 1.81% Li2O and 13.4% B2O3 The Mineral Resource underlying the maiden Ore Reserve has been updated to incorporate additional drilling which resulted in an updated geological model. Mineral Resources are reported exclusive of Ore Reserves. The Mineral Resource comprises 55.2 Mt of Indicated Resource at 1.68% Li2O and 17.9% B2O3 with an additional 84.1 Mt of Inferred Resource at 1.84% Li2O and 12.6% B2O3 The update precedes the release of the project\u2019s \u2018Elaborate &hellip; Continue reading &quot;Rio Tinto declares maiden Ore Reserve at Jadar&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T22:34:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209006026r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rio-tinto-declares-maiden-ore-reserve-at-jadar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rio-tinto-declares-maiden-ore-reserve-at-jadar\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rio Tinto declares maiden Ore Reserve at Jadar\",\"datePublished\":\"2020-12-09T22:34:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rio-tinto-declares-maiden-ore-reserve-at-jadar\\\/\"},\"wordCount\":589,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rio-tinto-declares-maiden-ore-reserve-at-jadar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201209006026r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rio-tinto-declares-maiden-ore-reserve-at-jadar\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rio-tinto-declares-maiden-ore-reserve-at-jadar\\\/\",\"name\":\"Rio Tinto declares maiden Ore Reserve at Jadar - 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The Ore Reserve is 16.6 Mt at 1.81% Li2O and 13.4% B2O3 The Mineral Resource underlying the maiden Ore Reserve has been updated to incorporate additional drilling which resulted in an updated geological model. Mineral Resources are reported exclusive of Ore Reserves. The Mineral Resource comprises 55.2 Mt of Indicated Resource at 1.68% Li2O and 17.9% B2O3 with an additional 84.1 Mt of Inferred Resource at 1.84% Li2O and 12.6% B2O3 The update precedes the release of the project\u2019s \u2018Elaborate &hellip; Continue reading \"Rio Tinto declares maiden Ore Reserve at Jadar\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T22:34:26+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209006026r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Rio Tinto declares maiden Ore Reserve at Jadar","datePublished":"2020-12-09T22:34:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/"},"wordCount":589,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209006026r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rio-tinto-declares-maiden-ore-reserve-at-jadar\/","name":"Rio Tinto declares maiden Ore Reserve at Jadar - 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