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Such is the nature of being invested in a mineral exploration company during its feasibility stage, Skelly.
News as been slow and so has progress, but everything is based on potential until we reach DFS, then FID and hopefully production where potential is realised.
Still, share your frustrations.
Hard not to see its POTENTIAL being realised…
https://oilprice.com/Energy/Energy-General/Europe-Must-Act-Now-To-Secure-Lithium-Supply.html
LLInv,
I imagine most people's concerns are that we have a 10% capex reduction for a POTENTIAL process of a POTENTIAL mine that has a POTENTIAL permit, POTENTIAL environmental study, POTENTIAL DFS, POTENTIAL funding and POTENTIAL offtakers. The only thing that is certain is that we will have more promises of news on these POTENTIAL subjects, as we have done consistently for the last 3 years.
Yet...after all of the recent information the SP remains in the doldrums. Languishing. Spill the board and elect directors that will make something happen!
Blonde - Agree with your point about the language used here. Why would he say "long-term" unless he's got something more or less locked in? Language there kind of eliminates any discussions surrounding short-term agreements. Time will tell.
People concerned about the fact that they're shipping samples Q1 next year to off-takers should consider that the samples being shipped may go to OEMs in market for our new products (sulphate & phosphate) as I imagine we would have not produced any previously. This development in processing has made us more agile by allowing us to deliver whatever lithium products OEMs need and at significant quantities given resource size. Not only that, but concerns around grade/quality are moot now, IMO.
Thanks Cadellin if this was meant to answer my query....but it doesn't really. The reference to Tin recovery on the link is to a pilot project in 1970 and no doubt bares little resemblance to the new flow sheet?
Zinnwald RNS: https://polaris.brighterir.com/public/zinnwald_lithium/news/rns/story/rm3d9nx/export
An addendum to read on our website.
https://www.europeanmet.com/announcements/
Help pls, all you experts - all seems good and positive in this RNS, except I don't recall seeing any reference to tin credits? Is it possible that we lose this potential with the change to flow sheet?
My understanding is that the main changes are in the middle section of processing, and that tin separation was at the start of the process, would this be correct?
Europe Must Act Now To Secure Lithium Supply
https://oilprice.com/Energy/Energy-General/Europe-Must-Act-Now-To-Secure-Lithium-Supply.html
Stocks of the Hour: European Metals,
https://www.finnewsnetwork.com.au/archives/finance_news_network393426.html
KC pod cast : https://youtu.be/JYSYjHh9JD4
another price sensitive RNS dropped in AUS .
Quite apart from the other benefits obvious from this RNS, the higher quality product resulting from the simplified process vindicates Keith’s decision not to rush concluding offtakes. He has publicly stated that it is in our interests not to do so because terms are improving as time goes on, but he has obviously had to keep quiet about this new process until now. Clearly, with a better product, he can negotiate even better terms for offtakes. Well done Keith!
fair bit of interest into the close, and pipping over half a mil traded. Bodes well for the rest of the week (and year?). Just hope we're not being too restricted by our partner, but the fact that the company is speaking very confidently of timescales for finance and construction outside of any DFS delays is as good as it's sounded for many years
So much has changed since our last updated PFS , it would account for the delays along with Covid and the Ukraine being outside of Company control.
Can I assume these are tweaks al be it huge ones that a need for total confidentiality was needed for negotiations hence no news being reported . I would also assume that getting the Patent was of high importance before anything was " inked" this is definitely NOT a leaky ship.
Further clarification: Miners in Australia talking about moving to Lithium Sulphate/Phosphate as an intermediate alternative to spodumene, since it massively cuts down on the volumes needed for transport and dealing with the subsequent waste (which is a real problem in heavily regulated jurisdictions like the EU) - this means in future EMH can compete directly from within the EU to supply both lithium refiners and battery makers. Any takers of the EU's largest source of lithium, and top 10 globally by size?
Interesting report in the FT and elsewhere that Elon had been looking to take a 10-20% stake In Glencore.It looks like he was put off though with the huge coal interests that Glencore have.
For me, the hidden good news that no-one is talking about is the ability to produce mid-stream products Lithium Sulphate and Lithium Phosphate. It not only shows that they're listening to the changing discussions in the market, but also that this could potentially expand their market with next generation lithium refiners - bullish for expansion of production. Because of the unique Zinnwaldite feedstock, having the end product limited to cathode materials means their market was limited to battery makers. This announcement changes that, but also further derisks the project in case refining of Lithium Carbonate or Hydroxide doesn't meet expectations.
finally getting out of first gear!
Another week and a good start to this week for lithium shares here and prem also flying .
''long term European offtake partners early next year."
That is the most important part of all!
Quarterly Report
https://www.asx.com.au/asxpdf/20221031/pdf/45h2n7p6qyr0jv.pdf