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Cypress Development Corp. Just 3-4 Months From A PFS!

Date: Friday, December 14, 2018 1:27 PM EDT

Cypress Development Corp. Just 3-4 Months From a PFS!

 by  Peter Epstein, MBA |  posted in: Cypress Development Corp.Li clay depositsLithium  |  0 

Cypress Development Corp (TSX-v: CYP) / (CYDVF) is following through with everything it said it would, largely on time and on budget.  Recall, Cypress is funded through a PFS, which is expected within the next 3-4 months.  Infill drilling, further metallurgical testing and the initiation of baseline studies are prudently advancing the project.  Metallurgical results have the most potential for upside.  

Metallurgical tests are especially important as there’s room for improvement, but also room to better understand how it will impact the operational flow sheet.  All of the work being done is critical towards delivering not just a PFS in the next 3-4 months, but an optimized PFS that stands head and shoulders above the successful PEA.

All of this work de-risks the project, making it more valuable to potential investors, but also to prospective strategic and financial partners.

The Company is performing infill drilling in the pit area.  This is key as it will provide additional material for larger-scale tests.  More about the infill drill program is contained in the following quote,

Cypress has prepared an application to modify its existing drilling permit for its infill program. The program is planned for up to 1,500 metres of drilling within the area between previous holes GCH-06 and DCH-10, which is identified as the higher-grade centre of the deposit. Drilling is expected to begin in early 2019 and will provide information to upgrade resource categories, further define a production schedule for the PFS and provide additional material for further metallurgical tests.

And here’s a quote about metallurgical testing,

Metallurgical testing for the PFS is already under way using sample material from the existing drill core. The metallurgical program is focused on optimizing leaching conditions with respect to acid concentration, residence time and other parameters as well as subsequent steps in concentrating lithium in the leach solutions leading to the production of lithium carbonate. As more material is obtained from infill drilling, tests will focus on composite samples of the individual clay units within the pit area and on larger composites representative of the PFS production schedule.

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