Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Strange that there doesn't appear to be any further development on the Electra project from Lithium Australia / Alix Resources since 2017 after such a positive news release. it's not even commented on in their website?
https://www.businessnews.com.au/article/Lithium-Australia-ups-stake-in-Mexico-Lithium-clays
http://lithium-au.com/projects-and-alliances/
The Perth-based Lithium processing specialist announced they had lifted their stake in the Electra joint venture in Sonora, Mexico, to 54% under the farm-in agreement with Canada’s Alix Resources Corporation.
The increase in Lithium Australia’s interest in the Electra JV was triggered by spending on a 16-hole RC program at AguaFria that produced some encouraging results. The drilling identified a 2.5km-long mineralised Lithium clay zone between 25 and 50 metres thick on the western bank of the prospect. Assay results included 1,058 ppm Lithium over 33 metres from a depth of only 3 metres and 1,031 ppm Lithium over 48 metres from 63 metres. Metallurgical test work already conducted on Agua Fria samples showed that acid leaching at relatively low temperatures achieved 99% extraction of Lithium in just four hours. No roasting and no expensive reagents were required.
Considering all the effort to get drilling samples, feasability studies, test plants, epcs, etc I can't see Tesla producing Lithium for 6-10 years.
Even if they do Bacanora is low cost, battery grade and will be needed to meet global demand of 30TW of Battery that Elon predict will be required by 2030.
EM's battery day claims of easy processing of clays to lithium are being challenged by lots of industry commentators, I do wonder if he is using this as a ploy to keep the price of lithium low by underplaying mining and processing?
Hoping for progress in December and early next year as the EPC is published and financing is arranged to start the build
I would have expected some uplift in the price after the positive sentiment from Battery Day but I suppose it needs time. Let's not forget that BCN themselves appear to be happy with the current progress.
Perhaps something to do with the recent article published on Mexican drug cartels also...
https://eandt.theiet.org/content/articles/2020/09/mexican-drug-cartels-could-mess-up-the-country-s-most-important-lithium-project/