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Keliber ups lithium ore reserves 55% at Rapasaari

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(Kitco News) - Finland-focused lithium developer Keliber announced today that estimated proved and probable ore reserves at its Keliber project's largest Rapasaari deposit now total 8.21 million tonnes, up 55% from the previous estimate, at an average lithium oxide (Li2O) grade of 0.89.

The company said that as a result of reserves growth at Rapasaari, which represent 67% of Keliber's total ore reserves, the company's total proved and probable ore reserves have increased from 9.37 to 12.30 million tonnes, representing growth of 32%.

"In May, we reported on the significant growth of the mineral resources of the Rapasaari lithium deposit, which raised expectations for excellent numbers regarding the ore reserves. The increase of more than 50% at Rapasaari will extend the life of Keliber's planned mining operations by more than two years. By continuing our exploration activities and systematic drilling programme, we will ensure Keliber's position as a lithium hydroxide producer well into the future," commented CEO Hannu Hautala.

Keliber is a European, Finnish special chemical and mining company with the aim of producing sustainable, high-purity, battery-grade lithium hydroxide for the growing lithium battery industry in 2024 by utilizing own ore. The planned operations include lithium mines and the concentrator plant in Kaustinen, Kokkola and Kruunupyy, Finland, and a lithium hydroxide plant in Kokkola.

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