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Sirmac Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Lithium
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotSirmac #5 Lithium Dike deposit is a robust quarry/open pit mining operation for direct shipping of mineralized material ("DSO") without beneficiation. The base case is EXW Chibougamau while there is an alternative scenario with mineralized material shipped to the port of Saguenay, the FOB Saguenay scenario.

Owners

SourceSource
CompanyInterestOwnership
Vision Lithium Inc. 100 % Indirect
The Sirmac property comprises 2 blocks of claims. The claims are 100% owned by Vision Lithium and are registered on GESTIM (Gestion des titres miniers), a web platform administered by the Ministère des Ressources naturelles et des Forêts (MRNF).

Contractors

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Deposit type

  • Pegmatite

Summary:

The Sirmac property is underlain by the Frotet-Evans volcano-sedimentary belt. In the Assinica Lake region, the belt comprises 2 major groups: 1) the Assinica Group at the base and 2) the Broadback Group overlying the Assinica. The Assinica Group mainly comprises massive and tholeiitic pillow basalt flows. The Broadback sedimentary package comprises sandstones, polymictic conglomerates and mudrocks. The Frotet-Evans belt is metamorphosed to the upper greenschist facies. In this region, the volcanosedimentary belt is folded in an E-W syncline, which is displayed by E-W foliation with a steep dip towards the west. The Frotet-Evans belt is enclosed by a granitic-gneissic complex and has been intruded by posttectonic granodiorite and tonalites plutons.

The Sirmac deposit is a rare-metal bearing Pegmatite complex. The Sirmac pegmatite is a rare-element granitic pegmatite. The ore bodies comprise mainly sills and some feeder dykes are also present. The spodumene-rich pegmatites display typical zoning to varying degrees – an albite wall zone at the contacts followed by an intermediate zone containing mostly feldspar, quartz, mica and spodumene, followed by a spodumene-quartz-rich core zone. Many core zones are present and the mineralogy is the same which occurs as large crystals of spodumene (up to 30 cm) contained in a quartz-feldspar matrix, sometimes with accessory minerals like tourmaline and apatite. The presence of beryl was also observed in the margin of some core zone and triphylite (lithium phosphate) was observed in different zones. The core zones do not have a consistent orientation, which means that different phases of intrusion and crystallisation could have happened. The host rock is mainly metamorphic sedimentary rocks. This unit may have a role in the structural control of the pegmatite, but insufficient stratigraphic or structural work was done on this unit.

At the property level, four main types of rocks are found. The dominant lithology consists of quartz-biotitehornblende schist that corresponds to metamorphosed detrital sedimentary rocks of the Broadback Group. A few interbeds of amphibolitized mafic sills or flows are also present on the property. The property is located on the South limb of the regional syncline and the foliation in these rocks is generally E-W with a shallow dip.

The southeast portion of the property is intruded by a hornblende-bearing syenite pluton that outcrops sporadically. The schist and syenite intrusion are cut by numerous small scale (1 cm to 5 cm) quartzfeldspar dykes. More than 12 granitic pegmatite intrusions have been recognized on the property. All the pegmatites crosscut the schist and mafic volcanic. They typically have a NNW-SSE (315° - 350°) orientation and range in width from 1 m to 100 m. The dykes are sub-vertical and show multi stage sills as well. The contacts with the host rock are sharp with contact metamorphism and numerous schist xenoliths at the border.

The Sirmac dyke swarm was interpreted by Pearse (2010) to be an extension of the compressive structure that hosts the Moblan Lithium rich pegmatites (Perilya, 2011), 40 km east of the Sirmac property.

Mineralization
The mineralization of economic interest at the Sirmac site is found in spodumene-bearing rare metal bearing pegmatite dykes and sill complexes. Spodumene is a lithium-bearing mineral, which contains 8% Li2O when pure. Spodumene also contains minor amounts of niobium and tantalum. Assays for spodumene normally range between 7.6% - 8.0% Li2O depending on the degree of replacement by Na2O. Typically, the Sirmac pegmatite sampled from drill core averages 1.01% Li2O with values up to 3.94% Li2O. Later during exploration work, at the metallurgical testing stage, tantalum values were detected for the mineralized pegmatite. The values range between 0.1 ppm and 862 ppm Ta2O5. These values suggest the presence of tantalite mineralization in the Sirmac pegmatites, but have yet to be demonstrated by mineralogical studies.

Rare metal bearing pegmatites are normally found in moderately metamorphosed terranes near vast granitic plutons, a possible parental source for the pegmatitic magmas. Pegmatites are associated with granitic intrusions and are generally zoned around these intrusive centers. Pegmatites tend to be more enriched in volatile elements further away from the intrusive centers. Pegmatites are thought to be derived from primary crystallization of highly differentiated volatile enriched granitic magmas. The host rocks of the intrusion also play a significant role in the final composition of the pegmatites due to the incorporation of host rock in the magma during the intrusive process.

Pegmatite complexes can vary from a few meters to a hundred meters in length with the same variation in widths. Typically, pegmatite intrusions are zoned and show the following structures from the exterior to the interior: 1) the rim zone is usually very narrow and fine-grained; 2) the wall zone is normally composed of quartz, feldspar and muscovite and marks the apparition of larger crystals typical of pegmatites; 3) the intermediate zone, when present, comprises a more complex mineralogy with varying amounts of economical minerals such as micas, beryl (Be), spodumene(Li), amblygonite(Li), lepidolite(Li-Rb), colombite-tantalite (Nb-Ta) and cassiterite(Sn). Crystals in this zone can extend up to metric lengths and 4) the central zone is mainly composed of quartz in pods or automorph crystals.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

Summary:

The Sirmac calls for a direct shipping of mineralized material without beneficiation. The base case is EXW Chibougamau while there is an alternative scenario with mineralized material shipped to the port of Saguenay, the FOB Saguenay scenario. Nonetheless, the testing shows the Sirmac pegmatite #5 Dike is suitable to produce a spodumene concentrate grading 6% Li2O and above. As the mineralized material is to be sold as a Direct Shipping mineralized material similar to some (DSO) iron projects, the recovery will depend of the company and plant which will process the material.

Recoveries & Grades:

CommodityParameterAvg. LOM
Li2O Head Grade, % 1.33

Production

CommodityProductUnitsAvg. AnnualLOM
Pegmitite Ore t 100,000321,000

Operational metrics

Metrics
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityAverage
Cash costs Pegmitite  ....  Subscribe
Assumed price Pegmitite  ....  Subscribe
* According to 2023 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscribe
Closure costs $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
OP OpEx $M CAD  ......  Subscribe
G&A costs $M CAD 4.8
Total OpEx $M CAD  ......  Subscribe
Mining Taxes $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Gross revenue (LOM) $M CAD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 5% $M CAD  ......  Subscribe
Pre-tax NPV @ 7% $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax NPV @ 7% $M CAD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Mar 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Feb 21, 2023

Aerial view:

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