Last week Lomiko Metals Inc (OTCMKTS:LMRMF) was in the news cycle back on April 13 after it made an announcement with regards to the updated Mineral Reserve Estimate at its La Loutre Natural flake Graphite asset. The property in question is situated around 180 kilometers to the North West of Montreal.
Lomiko Reports 195% Increase in Indicated Graphite Resource: La Loutre Estimate of 68.2 million tonnes of Indicated Mineral Resource Averaging 4.50% Cg per tonne
Lomiko Metals noted that the estimate had been completed as per the rules and regulations of the Canadian Institute of Mining, Metallurgy, and Petroleum. It may now be a good idea for investors to consider taking a closer look at some of the highlights from the mineral resource estimate revealed by Lomiko.
It was revealed that the estimated indicated mineral resources at the La Loutre project stood at 68.2 million tons with an average of 4.5% Cg per ton for 3.072 million tons of graphite.
However, it was also noted that the additional mineral resources at the property was Inferred Mineral Resources of 21.8 million tons with an average of 3.51% Cg per ton for 0.765 million tons of contained graphite. In light of the announcement, it is going to be interesting to see if the latest announcement leads to any action on the Lomiko stock.