Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A Corcel nickel deal with a large company like Tesla would set fireworks under the CRCL share price.
As an example, last September-October shares in Piedmont Lithium (PLL) soared about ten-fold within weeks, before and after it announced an offtake deal with Tesla.
Though they've since moved even higher.
PLL is currently AU$0.895 on the ASX, a market cap. of AU$1.409 billion.
"ENERGY SEPTEMBER 28, 20202:36 AM UPDATED 6 MONTHS AGO
Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge
By Reuters Staff 2 MIN READ
(Reuters) - Piedmont Lithium PLL.AX on Monday said it signed a five-year deal with Tesla Inc TSLA.O to supply high-purity lithium ore mineral to the U.S. electric carmaker, prompting an 83% surge in the Australian lithium miner's shares.
The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. Both companies have an option to extend the deal for another five years. ..."
https://www.reuters.com/article/us-piedmont-lithium-deal-tesla/australias-piedmont-signs-lithium-ore-supply-deal-with-tesla-shares-surge-idINKBN26J03H
"... New Caledonia (/?kæl?'do?ni?/; French: Nouvelle-Calédonie)[nb 1] is a special collectivity of France in the southwest Pacific Ocean, south of Vanuatu, about 1,210 km (750 mi) east of Australia[4] ..."
https://en.wikipedia.org/wiki/New_Caledonia
" ... New Guinea (Tok Pisin: Niugini; Hiri Motu: Niu Gini; Indonesian: Papua[1], historically Irian) is the world's second-largest island, and with an area of 785,753 km2 (303,381 sq mi), the largest island in the Southern Hemisphere. Located in Melanesia in the southwestern Pacific Ocean, it is separated by the 150 km (81 nmi; 93 mi) wide Torres Strait from the Australian continent. ... "
https://en.wikipedia.org/wiki/New_Guinea
Significantly, both the Goro nickel mine and Corcel's nickel projects are located in islands of Australasia.
Both New Caledonia and New Guinea are islands relatively near Eastern Australia.
"Goro mine
From Wikipedia, the free encyclopedia
The Goro mine is a large nickel mine in the south of New Caledonia, near the township of Yaté, Prony Bay, in the South Province. It is owned by the Brazilian company Vale, who are in the process of selling it to Melbourne-based New Century Mining in June 2020 following years of technical problems and low production.[1] The large mine and plant was opened at Goro in 2010 although it has had frequent stoppages.
Details
Goro is one of the largest nickel reserves in New Caledonia, which produces 25% of world nickel reserves. Goro has estimated reserves of 370 million tonnes of ore grading 1.6% nickel.[2] The 370 million tonnes of ore contains 5.92 million tonnes of nickel metal.[2]
The Goro mine is targeted to produce about 40,000 tonnes of nickel per year, and also some cobalt from saprolite deposits. It was designed by the Canadian company Inco, and completed by the Brazilian company Vale after it purchased Inco.[3] Ore comes from a huge open cut mine on the Plaine des Lacs. Nickel and cobalt are delivered by conveyor to Prony Bay. The processed high grade Nickel Oxide is then shipped to Vale's refinery in Dalian, China. Vale have a 69% share and a joint company called Sumic Nickel Netherlands, Japan's Sumitomo Metal Mining Co. Ltd., and Mitsui Co. Ltd., hold a 21% share. The three provinces of New Caledonia hold the remaining 10%. [a sale of the operation is in process, 2020, changing these percentages if it goes through] ..."
https://en.wikipedia.org/wiki/Goro_mine
Tesla's new partner, the Goro nickel mine, is one of the largest nickel mines in the world:
• 370 million tonnes of ore grading 1.6% nickel.
• Contains 5.92 million tonnes of nickel metal.
• Targeted to produce about 40,000 tonnes of nickel per year.
Compare to CRCL's nickel projects:
• Mambare: JORC Resource of 162.5 million tonnes @ 0.94% Ni and 0.09% Co (1.53 million tonnes of nickel)
https://www.corcelplc.com/projects/mambare/
• Wo Wo Gap: Resource of 125 million tonnes @ 01.06% Ni and 00.07% Co (1.33 million tonnes nickel + 83k tonnes of cobalt)
https://www.corcelplc.com/projects/wo-wo-gap/
Mambare could actually contain 10 million tonnes of nickel, and grow the resource to 250 million tonnes of ore and beyond.
The future mine life is already 30 years at 40,000 tonnes per annum of nickel output, and this can grow up to 30 years at 80,000 tonnes per annum of nickel output.
https://twitter.com/Oilplayer2009/status/1350818357340229632?s=20
Mambare and Wo Wo Gap are under a hundred miles apart, and there are obvious synergies here.
"Tesla has partnered with a nickel mine after Elon Musk said the metal was the group's 'biggest concern' amid shortage fears
Kate Duffy Mar 5, 2021, 1:00 PM
• Tesla may become an adviser of a nickel mine in New Caledonia, a deal seen by Reuters showed.
• The agreement may allow Tesla to buy nickel for its battery production amid concerns of shortages.
• Musk tweeted previously, "Nickel is our biggest concern for scaling lithium-ion cell production."
• Visit the Business section of Insider for more stories.
Tesla on Thursday agreed to partner with a nickel mine in New Caledonia in an effort to secure more of the resource, which is key in the production of lithium-ion batteries in electric cars, Reuters reported.
Tesla is expected to become an industrial adviser at the Pacific island's Goro mine, which is owned by Brazilian mining giant Vale and is a French overseas territory.
Reuters reported that the electric-car maker is set to help with product and sustainability standards and buying nickel for its battery production, an agreement with the New Caledonian government showed.
The move comes amid growing concerns about the demand for nickel, as the acceleration of electric-vehicle production could lead to low supplies."
https://www.businessinsider.com/tesla-partners-adviser-nickel-mine-elon-musk-biggest-concern-2021-3?r=US&IR=T