American Pacific Borate and Lithium Limited (ASX:ABR) is focused on advancing its 100%-owned Fort Cady Boron and Lithium Project located in Southern California, USA. Fort Cady is a highly rare and large colemanite deposit with substantial lithium potential and is the largest known contained borate occurrence in the world not owned by the two major borate producers Rio Tinto and Eti Maden. The Project has a JORC mineral estimate of 120.4 Mt at 6.50% B2O3 (11.6% H3BO3, boric acid equivalent) & 340 ppm Li (5% B2O3 cut-off) including 58.59 Mt at 6.59% B2O3 (11.71% H3BO3) & 367 pmm Li in Indicated category and 61.85 Mt @ 6.73% B2O3 (11.42% H3BO3) & 315 ppm Li in Inferred category. The JORC Resource has 13.9 Mt of contained boric acid. In total, in excess of US$50m has historically been spent at Fort Cady, including resource drilling, metallurgical test works, well injection tests, permitting activities and substantial pilot-scale test works.
