RecycLiCo Battery Materials, (formerly: Rocher Deboule Minerals Corp.) (TSX.V: AMY; OTCQB: AMYZF) (“RecycLiCo Battery Materials” or the “Company”) reports that Company’s upcoming drill program on its Artillery Peaks Manganese Project, located south of Kingman Arizona is getting underway and aggressively plans to move the Project forward through the exploration/evaluation process to a successful production decision as follows:
1. Drill permits have been received from the Bureau of Land Management.
2. Drilling contract has been awarded to Brown Drilling of Kingman, Arizona. The first reverse circulation drill rig is scheduled to begin drilling within the week, and a second drill scheduled to arrive in 10 days thereafter.
3. Michael MacLeod, P.Eng has joined the Company as its Chief Operating Officer and will be responsible for guiding the project through the exploration, evaluation, development, and regulatory approvals processes. His duties include, but are not limited to:
• Identifying and engaging engineering and other professional contractors for performing the engineering, socio-economic, and environmental work necessary to prepare preliminary and final economic feasibility studies, and satisfy the local, state and federal regulatory authorities;
• Preparation of the Mining Plan to be filed with the State of Arizona;
• Co-ordinate the metallurgical testing and process development studies from bench scale through pilot plant scale operations;
• Identifying and hiring the personnel as required for advancing the project from the exploration stage through development and construction and into the subsequent operation stage.
The Artillery Peak manganese project has an established NI-43-101 resource as follows:
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A compliant NI-43-101 Preliminary Economic Assessment, prepared in August 2009, indicated that a mine and facilities processing a nominal 3500 tonnes per day over its 17 year life could potentially generate attractive economic returns (on a pre-tax basis using a selling price of US$1.10/lb for electrolytic manganese), along with a low operating cost of US$0.44/lb and a fast payback of 1.73 years, at an estimated capital cost of US$90 million.
The objectives of the drilling program include adding new resources to the existing mineral inventory and to increase the quality and confidence of the mineralization and tonnage estimates so that the mineral resources can be up-graded from the Inferred category to the Indicated or Measured categories. This will enable the Company to evaluate the commercial potential of increasing the contemplated processing rate to 5,000, 10,000, or 15,000 tonnes per day.
Lonnie/Virgil Niobium, British Columbia Project
The Company drilled 5 holes at two locations on a previously untested carbonatite showing located approximately 1 kilometer north and west of the known Lonnie carbonatite (where previous exploration assayed 0.20% Nb2O5 over a strike length of 500 meters). No significant value in niobium or rare earths was obtained.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
This release has been reviewed by Mike MacLeod, P.Eng, a qualified person pursuant to National Instrument 43-101.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.