The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
aprogerson
Recommend. Pleased you are cognisant of what I was saying about general lithium pegmatites and surface expressions and more shallow deposits once drilling confirms.
Also, Picasso has a potential 10km strike per the RNS which is quite a lot?
I recall Charger Metals recent news was 4 potential deposits of 4km? Have to check when I have time.
24.11.21
Best part for me is that NE Picasso is exposed so multiple drills to modest depth say 30m-50m covers a lot of ground and demonstrates scale and grade very quickly particularly as cover is almost non-existent !
If we are successful then Cadence get a big chunk of CCZ shares & CZZ SP gets to multi-bag enabling a modest cash raise to fund further drilling. Bigger SP generates shareholder value all round even after a fund raise so all good!
ATB APR
Cadence Minerals on AIM issued an RNS on 22.11.21:
"Castillo Geo Team undertook considerable mapping across the PICASSO lithium project although much of the time was focused on the tenures NORTH-EAST QUADRANT where the HIGH DENSITY PEGMATITE corridor is located. Encouragingly, a circ ---10km ZONE of pegamatite occurance was CONFIRMD in the tenure north-east quadrant which is the BEST EXPOSED PART of the PICASSO lithium project. Notable the pegmatite potential ...this is subject to further investigation."
"Kiran Mozaria, CEO of Cadence Minerals: We are pleased to note the progress initially undertook ..."
My comment:
In general, even the Aussie know that pegmatites can be seen from the SURFACE but NOT all of it. So, it is always encouraging to see EXPOSED pegmatites which has to be assayed as well. However, drilling can CONFIRM beyond surface/exposed pegmatites via assays for lithium grades. Lithium tends to be subjected to WEATHERING and hence NOT all can be seen on the surface or exposed. On Castillo Copper, someone also posted that. Cadence optioned out Picasso and Litchfield to Castillo. So, 2 projects , one near Liontown's Buldania in WA, Australia and the other at Northern Territory, near Core's Finniss project. Core has only the 1 project in NT.
Just general info.
Wed, 24 Nov 2021.
I think that the next important landmark is getting a report on Arya holes 4 and 5.
Based on current share price movement, the market is expecting no better than hole 3.
The situation could change dramatically if 4 and 5 produce the goods. Keep a close eye.
Told you before tricky your turkey if so Could come early,
That about sums up where we are @apr
Arya next drilling (after the 3 holes currently being drilled), i assume, will be next year i.e. in about 10-12 months?? or will they start further drilling soon in the new year (does the climate allow at that time of year?)
@Tricky Yes at lot going on ... my take across multiple RNSs is:
> Picasso Lithium = extensive shallow pegmatites indicated. No sampling/assays to verify extent/grade (RNS 22-Nov-21)
> Litchfield Lithium = awaiting over 650 surface sample assays & expected in 2-3 weeks (RNS 22-Nov-21)
> Zambia, Luanshya Project = up to 14x targets from IP survey - drill campaign targeting underway (RNS 9-Nov-21)
> Zambia, Mkushi Project = IP survey underway (RNS 9-Nov-21)
> Mt Isa, Big One = drilling indicated unlikely to be economic standalone, but investigating satellite targets (various RNS)
> Mt Isa, Arya = drilling underway with 3x holes complete and awaiting assays. Drilling continues across 3 shallow/deep targets to end Nov-21 with new targets being formulated & drilling in New Year (RNS 17-Nov-21)
> Broken Hill = await news on IPO & spinout of BHA NewCo (RNS 5-Aug-21)
> Cangai Copper - zip !
ATB APR
RNS OUT
Met wirh the usual 'damp squib' reaction from Oz. Those aussies are a hard bunch to please ...... tut
Proactive Investors UK article just out:
https://twitter.com/status/1462547880288436225
"Picasso - Significantly EXCEEDS govt mapping.
Particular focus on the high density corridor in the project's North East quadrant.
Potential to discover FURTHER pegmatites - considerable shallow sand cover.
Near Liontown's Buldania lithium project, Western Australia.
LITCHFIELD LITHIUM PROJECT, NORTHERN TERRITORY."
Progressive with the lab assay expected 2-3 weeks."
RNS, Mon, 22 Nov 2021:
"Delivers significant incremental exploration potential"
--P i c a s s o Lithium Project, Western Australia [near Liontown's Buldania flagship lithium project]
UK time, 10.30pm, Sun, 21 Nov 2021
Yes, totally agree that your contribution here (and bzt!) is excellent!
Well I for one am very interested in the lithium prospects that we hold. I also very much appreciate the fine details that your hours of research unearth for all of us without the time or the skills to perform. Please don't ever feel that your regular up dates and participation are not appreciated or recognised for the true brilliance in contribution that they are. Thank you ' news' as I very much enjoy your contributions. Swissydog
Per "S & P Global Platts, Battery Metals, 6% SPODUMENE concentrate is $2,630/mt FOB Australia dated Fri, 19 Nov 2021."
https://twitter.com/globallithium/status/1461690663263776769 [Joe Lowry]
@news everyone waiting for the drum roll. As said good up to Christmas.
causal
Thanks for asking about me. I am expecting an RNS or ANN as they call it in Australia, so I usually start checking over that end.
So, unless there is a ANN in Australia, I dont come over to the Lse site.
I am waiting for the lithium assay results. A previous ASX co owned Litchfield and they did do rock sample assays on the Eastern side. However, this time, the rock samples are on the WESTERN BOUNDARY to Core Lithium's DFS deposits.
I know that lithium is not popular on this forum so I keep quiet.
LoL.
I tend to do research so I am busy looking up all the lithium plays in Brynoe Belt where
Litchfield [CCZ] are located.
Listen to the Lse not Aus, that's why they said in listing more beneficial.
As seen today a drop today, a rise tomorrow. Not worry damage done, all or nothing reminds me of a casino Kerry packer I went to. Keep your hard powder dry @news you been quiet.
Don' t mind if only a bit of lithium dust DD long we come out square, not far of wrong with the management though. If there sh@t all there which think, could ruin as I mentioned about Arya. forget Zambia, if it was that civil in that neck of the woods, they wouldn't be buying dingy's in northern France.
So….why are you even following this share/board?
I missed the big the big re-rate, yet another bust to add to the ever growing list of busts. What a bunch of wasters this lot are, any discovery that is left for years this lot want to prove are an actual waste of a drill bit, funded by us the shamefully stupid. Ever willing to go to the well in the Sahara just because it rained. When will we learn these lifestyle companies move from one great resource to another finding diddly squat next up the next big thing lithium. Oops now why has that sat on cadence books with no investment????, why Core and whoever else not interested????? just maybe another BUST coming from a bunch of tits.
Fortunately they raised over £6m before drilling so plenty of money in the bank. So many irons in the fire here anyone project could deliver a 10 bag. #Arya #litchfield #bigone #picasso