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About Liontown, our JV partner at Kathleen Valley, Oz.
"After rejecting a $5.5bn takeover, Liontown lifechanger, TIM GOYDER continues
to place his chips on lithium."-Stockhead.com.au, 17 May 2023.
Tim Goyder per article has 2 co's on the ASX, Chalice Mining and Liontown, both billion $ mkt caps ie $2.8bn & $6bn+ respectively.
Goyder is also the largest shareholder in LIONTOWN SPIN-OFFS: Minerals 260 [ASX $M16, Uranium & Rare Earths]
and Dev Ex has become so rich. Goyder is a billionaire.
Linghor who sold his IT firm before putting a large chunk in Liontown said it has been "life-changing."
Comment: Interesting c.v of the CEO of Liontown who is JV'ing into Mila.
P.S.
Liontown themselves have NOT yet RNS/ANN the JV with Mila yet.
To check, https://hotcopper.com.au/asx/ltr/
but yet, Liontown tweeted about the JV and gave a link to Mila's RNS of yesterday, 27.7.23
which stated Mila Resources CEO commenting on the reason why Liontown rejected Albermarle's A$5.5bn
due to undervaluing Liontown and the commercial potential of the lithium mineralisation on their doorstep ie Mila's?
To see the exact wording from the Mila CEO, see my post below. Interesting.
Mila Resources re: tweeted, Liontown's tweet about the FARM IN TO MILA 's lithium project, 5 hrs ago, Fri, 28 July 2023:
"Click link given by Liontown and it is From the MILA RNS of 27.7.23:
Mark Stephenson commented:
"..most recently evidenced by a proposed A$5.5bn bid for LIONTOWN by Albermarle Corp, 1 of the largest lithium producers in the world.
In rejecting the Albermarle approach, Liontown asserted it believes that the BID substantially undervalues Liontown,
highlighting the SIGNIFICANT COMMERCIAL VALUE of the LITHIUM MINERALISATION potential ON OUR DOOR S T E P."
https://twitter.com/LiontownRes/status/1684826411729883137 5 hrs ago, Fri, 28.7.23
Comment:
Really interesting. Also , one can see it from MILA'S TWITTER, top tweet [re-tweet], 5 hrs ago, 28.7.23
https://twitter.com/MilaResources
Does anyone have any clear and concise info on Liontown planned drilling campaign on MILA's Kvp site - schedule and number of drills?
P.S.
Refer to my post at 00:45 today, 28.7.23 wherein:
Liontown states that their KATHLEEN VALLEY ---->>> F E E D S ---->>>into their 2nd swarm MT MANN.
Liontown's lithium orebody has 2 swarms as above ie Kathleen Valley & Mt Mann.
Jubilee Mines NT in 1998/2000 per CSA Global Competent Report on MILA [2021] stated that they tested for rock samples at Kathleen's Corner & Mt Mann. LIONTOWN has a RESOURCE for Mt Mann and with a cut-off of 0.5% li20 with 1.4% li20 grade.
Since Liontown states it is one ore body and is OPEN AND AT STRIKE, then
Liontown is looking into Mila's E36/876 for a potential continuation--->>WHICH IS 2KM ACROSS ie NEXT DOOR.---
There is a CSA Global Competent Report on Kathleen Valley, Mila Resources and in particular on the lithium data etc.
From Liontown, they state that their Kathleen Valley lithium deposit is made up of 2 SWARMS and they form one mineralised body [1.7km strike x 600m depth]. The one nearer Mila's E36 /876 is Kathleen's Corner & Mt Mann of which there is a mineral resource with grades etc.
CSA Global provided work done by Jubilee Mines on the Liontown side with results of grade.
Comment:
So, given Liontown stated that their deposit is open and along strike, therefore, the JV is
to look for potentially a continuation ? Logically isnt it?
To read go to Hotcopper Liontown latest post on "News: LTR Mila signs agreement to explore for lithium."
CSA Global on Fig 12 also shows MILA'S E36/876 marked in "pink letters : LI PEGMATITES."
DYOR. Link: https://hotcopper.com.au/asx/ltr/ dated 28.7.23 last post on CSA Competent Report.
My first buy was at 2.35p, and with every drop, I'm averaging down now. The moral of the story is to accumulate while it's cheap, and at some point next week, this will move up nice and steady. This is currently undervalued!
I agree. Usually a bad tactic to jump fully in on a spike like yesterday's as miners are a long-term play so drip, drip buys on any drift backs usually works rather better.
Load up when it's quiet, then sell high when the crowds arrive. The next news will lift this off to the next high. Sometimes, it's always best to slowly build a position and take advantage of any drops.
Https://www.ltresources.com.au/projects/
Our project at Kathleen Valley in Western Australia will be one of the world’s largest lithium mines when it comes into production in mid-2024.
Final Investment Decision (FID) approval was given by the board in June 2022 following the execution of binding offtake agreements with Tesla, Ford and LG Energy Solution and the signing of a $300 million finance facility with Ford and construction commenced in December 2022.
See Hotcopper LTR
https://hotcopper.com.au/asx/ltr/
See thread: "NEWS :LTR Mila Resources signs agreement with Liontown to explore for lithium."
In the posts dated 27.7.23 [end[, one will see LOSTMAN's SATELLITE PIC OF MILA'S LICENCE
and that LIONTOWN KATHLEEN VALLEY --->>>FEEDS--->>>Mt Mann +++==>>>BORDER TO MILA, 2KM AWAY.
One can see the drill holes via satellite pics.
On Hotcopper Liontown:
Lostman has done a SCREEN SHOT of Mila Resources Listing Document, Fig 12.
Elsmicko has DONE a SATELLITE SHOT of Mila Resources Licence E36/876 ---"SEEN WHILE DRILL HOLES JUST OUTSIDE THE LICENCE & APPEARS INTO MILA LICENCE?"
Have a look - "News: LTR MILA RESOURCES signs agreement with Liontown to explore for lithium." [Top thread]
Click and the above 2 posts are dated 27.7.23 and the latest with the screenshots.
Enjoy. https://hotcopper.com.au/asx/ltr/
Mila Resources Listing Document consisted of 174 pages dated 29 Oct 2021.
The licence no : E36/876 [Single licence-Mila Resources]
Link: www.milaresources.com
FIGURE 12 -Pg 74/174
Licence 36/876 Kathleen Valley [Mila] shows "LI PEGMATITES MARKED IN PINK LETTERING."
Liontown is above Licence 36/876.
Pg 47/174 "Pegmatites DYKES are common in the region [Figure 12]....
Exploration was done by Jubilee Mines NL in 1998 & 2000 including ROCK CHIPS...." [read the rest and Liontown.]
My Comment:
Found the Mila Resources Kathleen Valley historical data etc from the ORIGINAL LISTING DOCUMENT FOR MILA as above.
Https://www.dhakatribune.com/financial-markets/2023//07/27/mile-resources-up-56-on-liontwon-deal-its-a-clever-deal 27.7.23
"There is more than just the usual farm-in agreement, there's some cleverness here. But Mila seems to have been able to vary the agreement in a way that MAXIMISES the future potential value.
But there is more to it. Liontown is developing a LITHIUM MINE RIGHT N E X T D O O R.
Any lithium found would therefore FEED straight through into their extant PROCESSING
& concentration plant & their OFF-TAKE CONTRACTS."
From the Mila Resources Twitter :
"Screenshot:
Through this agreement with Liontown , we will see LITHIUM EXPLORATION UNDERWAY
at this area of the Licence, & OPENED up for exploration whilst being insulated from costs.
This LITHIUM MINERALISATION has been shown to have STRATEGIC IMPORTANCE on an
INTERNATIONAL SCALE.- Mark Stephenson, Executive Chairman."
Another Mila tweet linked to the above:
"Liontown is one of the most successful lithium explorers in Australia and Mila will receive UP TO 16%
free carry on this area."
https://twitter.com/MilaResources/status/1684501094045569025 7 hrs ago, Thur, 27 July 2023
About Liontown:
Mkt Cap :A$6bn+ @A$2.79
Liontown : [1]"Liontown rejects A$5.5bn takeover bid that sparks lithium..."-Sydney Morning Herald, 28 Mar 2023
[2] "Mystery bidder tops Albermarle's $2.50 offer for Liontown."-Australian Financial Review, 1 May 2023.
But firstly, let us see what the assay results from the six-hole drilling campaign show.
P.S.
CE|O of Mila also stated: Mila Kathleen Valley is 2KM from Liontown's lithium.
P.S.
CE|O of Mila also stated: Mila Kathleen Valley is 2KM from Liontown's lithium.
Mila CEO interview with Zak Cafe, Thur, 27 July 2023.
https://twitter.com/ZakTradersCafe/status/1684542625750159360
Mark Stephenson, CEO , Mila told Zak today that Liontown is "taking it ==seriously"== relating to the
JV with Mila re: Kathleen Valley.
Mr Stephenson also said that Liontown's results are due and ==Liontown will speak of the JV with Mila===.!!!
Mr Stephenson also said that after the JV with Liontown, Mila will have 16% of the lithium.
Liontown, ASX, A$2.79 @Mkt Cap :A$6.144bn.
Liontown Kathleen Valley Lithium deposit:
"It is ==6 0 km NORTH of Leinster,=== a established mining region in W.Australia.
Liontown modelled 20 mineralised pegmatites at the project into 2, OUTCROPPING pegmatite swarms
-a shallow dipping NORTH-EASTERN swarm and a steeper dipping SOUTH WESTERN swarm at Mt Mann.
Mineralised pegmatites were found across a ====STRIKE LENGTH OF 1.7KM to a vertical DEPTH OF 600m."==
The NORTH EASTERN swarm hosts ==90% OF PEGMATITES."
https://nsenergybusiness.com/projects/kathleen-valley-lithium-project/
vs
Mila Resources Kathleen Valley:
"Single exploration licence covering an area=== of 7 . 2 5 km2,=== approximately== 30KM NORTH FROM LEINSTER."==
www.milaresources.com
Clown 🤡
2p by the end of today
3p by the end of next week
I'd love to see 6p but what percentage of times is Zak right? At the mo, I'd be more happy with MILA detailing it's own plans and results for the previously announced more cautious drilling programme
Should gap up tomorrow. News will make the round today. Big mining sites will cover it.
If Zak says 6p by the end of this month, I'll have doubled me wonga in 4 days!
Which is nice :)
Https://twitter.com/Capo_Of_AIM/status/1684514168865529857?s=20
Zak Mir charting MILA - 3p very soon.