Separation Rapids (Avalon)

Separation Rapids is a large LCT-type complex pegmatite owned by Avalon Advanced Materials Inc. (TSX: AVL and OTCQX: AVLNF) (“Avalon”) and situated in SW Ontario, Canada.

Separation Rapids contains a NI 43-101 compliant petalite resource, but also contains very large, as yet unquantified, amounts of lepidolite.

Samples from outcropping lepidolite-rich sub-zones to the east of the main Separation Rapids petalite resource were provided to Lepidico for laboratory bench tests using L-Max®as part of the Phase 1 Plant Pre-Feasibility Study (PFS).  Excellent results were achieved including the production of battery grade lithium carbonate of 99.88% purity, as reported by Lepidico in its ASX announcement of 25 January 2017.

As announced on 6 February 2017, Avalon and Lepidico subsequently entered into a non-binding letter of intent (“LOI”) under which it is contemplated that Avalon would sell a minimum of 15,000 tonnes per annum of lepidolite concentrate, produced from its planned demonstration-scale pilot plant to be located in Kenora.