Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Re. brownfield sites
CUSN - SC is an existing mine, Carnkie (which is my beautiful village) is likely to be accessed from SC, UD/Twelveheads is a traditional mine area already covered in tailings.
CL and BL - if you've ever seen their target areas, it is like a moonscape from the previous china clay mining all around the area. The Cornish Alps are the huge tailings heaps.
CL Brine is really low surface impact, they were talking about having the kit in shipping container at the open day.
If they do progress the reprocessing of the existing tailings they have an opportunity to rectify some of the environmental damage that years of china clay mining has caused.
I have not heard any dissenting local opinion, views seem to range from slightly interested to excitement.
The article posted by VIS just is a really top piece of guidance. Any company can say they hit gold or tin etc but its all about the many other "costs" and tonnage needed to make it viable.
The article explains it really well.
My example would be CUSN / CL / BL have virtually the same rock lithium mica, low grade.
EMH is a big ball - to keep it simple - with one side having slightly higher grades than the other.
Also the further South you go the less lithium BUT more tin...
CUSU geology is split level lodes - seams - so not a bulk ball to dig out, but variations in depth and width etc.
EMH should be an ooen pit mine BUT has Cinovec village pretty much on top of the higher grade lithium.
CUSN, CL & BL with split levels or near surface but near villages / in areas of beauty may be very difficult for open pit. Its all about brown field access imho.
Good morning Rooky.
This might help
https://www.investorschronicle.co.uk/news/2022/04/07/mining-guide-how-to-read-drill-results/
Cheers MajorOak.
Will carry on researching, thanks.
Rooky, I too learnt how to read oil drilling reports and hail mary drills = way too stressful and 80% failure rate quite often when companies are doing wildcat drilling. I did better than they did prior to drilling in some cases. Warned people and got trashed for suggesting failure. Horrible experience.
Back to here.
The geology is what I would call "scrambled" like an omlette. The "lodes" ( seams ) to those who are not intereted in the very deep scale investing.
So these lodes are extremely difficult to judge.
Width, tail off and grade are the main issues.
100% there are lodes which they have not found that they will and likewise lodes they have found which may well thin out horizontally as an example.
I have tried to figure it out to a % degree of certainty but have put my own hands up and basically am reading each RNS for details and looking no further as they cannot be even 75% sure any lode retains its width, grade or length.
One reason why I am so much more positive about the aquifer drilling by CL in to the lithium brines. It will be much simpler to quantify and my own research points to volume.
Volume = potential for scale up
Scale up = BIG investment partners if proven up.
Just look at E3 last week getting EXXONMOBILE side arm Imperial Oil to invest in a project that is not even advanced as CL and certainly no where near as advanced as British Lithium.
Tin - Tick - Tonnes of
Copper - Tick - Viable
Zinc - Tick - at higher prices very viable
REE's - Tick - to be reviewed after each test drill.
Cornwall has all the good metals. It just needs the companies / gov / land owners to allow the progress and build out of a new brand of technology companies in mining.
The rest and the BIG MONEY will follow.
That I am sure of.
Meant to add, if anyone else can point me in the right direction. it would be appreciated.
Hi Troajan,
Only been invested in this company for 18 months, and still trying to get my head around mining drilling results.
I learned quite a bit about oilies and oil drilling results after several years invested in such companies, but really struggling with reading/understanding mining drilling results.
Not one to ask others to do my research, but can you recommend any web site that has good, easy to understand explanations of such results that can help, as most I have found are confusing to say the least.