Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks BB2 and sharehunter. Very informative summaries. Exciting times to be a shareholder of JLP.
Let's hope it is reflected in the shareprice sooner rather than later.
Thanks Bb2
Thanks very much Sharehunter2b and BB
I certainly appreciate your attendance and notes pertaining to the meeting.
Not sure why Shareholders weren't given the opportunity to join the meeting via a link given that LC wasn't there in person.
Would that constitute a valid meeting, given the hybrid system was only resolved at the meeting?
Seems to be very positive, brokers have reaffirmed, just need the financial numbers to back up the verbal assurances.
GLA
CONT..
CB steps down end of June. Seems that new chair identified and in final stages before announcement soon ? Discussions that communications need to (and will) improve !!!!
Cyprus taken back seat but about grades not quantity. Final results re r&d received couple of days ago. Results on table and will notify market.
Southern Zambia cobalt comm July 22. North, 18 months.
Cost of copper gone up (acid very large rise) but due to "selective leeching" which reduces the amount of acid required inc about 30% (?) now approx $5,000 per tonne.
Transport of Eastern Limb to Inyoni 450km. Would be reduced to 40km (significant reduction in transport cost) when new facility available (would take 8-10 months to launch).
As regards today's vote on share issue. LC stated "no real target but prudent to have option/flexibility. No target to issue stock but must ensure have the option. Cannot see need".
Will commit to quarterly update statements but not full quarterly reports.
Tjate. Renewed interest in large platinum.
Target is to not use Windsor JV with PGM production from Inyoni and Eastern Limb facility. End JV in 2023. Not efficient use of resources.
Zinc prices are up and discussion now whether to re-activiate or not. To do zinc must extract lead. Must be extra cautious with lead. In partnership with World Bank re lead in Zambia. Third party zinc mines are desperate for access to processing facility. Vanadium back on radar.
Apologies if this is a bit jumpy from one subject to another but that is the way the questions were answered.
As stated, this is based upon my own understanding and is based upon my hand scribbled notes, so apologies for any errors in my summary.
Please do your own research !!!!!!!!!!!!!!!!!!!!!!!!!!!
BB2
I got the feeling( but not stated in the presentation), that the chairman is just being tied down with personal terms and hopefully an announcement soon. My take.
Add my thanks, Sharehunter. Great post. Answers a lot of my questions. I will be adding on any dips.
Sharehunter,
You have posted a very good summary.
A few snippets from my notes (please note that this is my understanding of what was said at meeting) ......
On a recent site visit, Berenburg (amongst others) "blown away by size"
Last year's capital costs would now cost 35% more (so good that we built last year!)
Presently transport approx 20,000 tonnes per month from Eastern Limb to Inyoni. Looking to purchase decommissioned facility which would add 20,000 oz pa PGM to the existing 44k-45K oz pa from Inyoni PGM. Already secured clients, waste, materials. Purchasing decommissioned facility would be quicker and cheaper than new facility.
Northern Zambia Refinery potentially much larger than the stated 15k tonnes pa copper.
Looking for/in talks. Use leverage for primary funding.
Africa dominates quality of waste. Must be good to better Zambia but DRC better than Zambia.l
New Chairman update overdue.
Yes nice to meet you as well. Nice to meet avatars in person.
I came away very positive but it will be good to hear points that you or anyone else picked up or put more weight to.
Hi Sharehunter,
Good to meet you today at the GM.
Just got home so, thank you for writing your notes up. I will check my notes and add anything that I feel is relevant.
Leon's presentation was dated March 2022. I said at the end of the meeting that I did not think (apologies if was incorrect) that this presentation (March 2022) was posted on the Jubilee website. I have just checked and it is there now....
https://jubileemetalsgroup.com/wp-content/uploads/2022/05/20220313-Jubilee-March-Roadshow-FINAL.pdf
BB2
Thanks for the write up sharehunter. I see nothing to concern me about the future success of JLP so I'm a strong hold and add below 20.
Sharehunter2b
Excellent update adds context to todays RNS.
Thanks for taking the time to share.
Thank you sharehunter, I'm back to strong buy !
The northern projects are aimed at commissioned in 18months?
At Sable they have trialled the cobalt circuit. It is implemented and is ready to do the same on the northern side which is more cobalt rich. The cobalt at sable will be material coming from the northern side until that is up and running on its own. Expect cobalt to start in July
I’m Zambia, there is 1.9 billion tons sitting at surface. More than in mines!
Ready to seize the opportunity.
First mover advantage
Nothing prevents looking at other metal groups especially the “energy metals”
Question was posed about other jurisdictions:
“Zambian waste is better quality than most Chilean mines!” And DRC is better than Zambia.
So opportunities have to be something good to detract from Zambia or be strategic.
Cyprus - took a back seat to Sable and Project Roan but the results are now back and on the table. “The Grades excite us”. It is also strategic as it’s looking at copper and gold.
Some interesting info on costs:
Acid has gone up from $100/ tonne to $300/tonne BUT due to JLP innovations, the price increase is ameliorated to only %30 compared to other producers. Prices are going up but our costs less so. A bit of a win for JLP compared to other producers.
Why resolution 1?
Leon answered “prudent in this environment. No plan for it but if for whatever disasterous events, good to have it”. “No one predicted Ukraine or China issues this time last year”.
TJATE
Keeping up all licences etc… and being transparent with the government on the plans. Well above the agreed community work and green credentials.
Actively looking for investors, be-it a sale or other. No plans to mine.
Kabwe- discussing on re-starting zinc circuit with the improved prices.
Lead is very toxic. Are partnering with the world bank on plans. Have already identified low zinc areas and are “capping” them to help with the toxicity. “good will”
Vanadium always under review but prices so volitile.
Leon did commit to 3 monthly “project” updates but not financial ones. In a rapidly growing company, down time to upgrade facilities etc… would skew the results too widely.