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Surely this is material news and has to be announced by the company if in fact it is true.
Curtesy of GRB GRAFITE DO BRASIL MINERAÇÃO LTDA:
Right side column
https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?iPKNOI4i-Tt3bdeqzGJgGCgYH-B6kWAvCl8aH0kRl60I8fidk2RqXOk3jsbGgmZohKsjfIGm9y6xgV_6W8jWNn8UOXT5zL3hC26G_kGtCtmrOIxtxew2ZxrR3BsrPT93
Concede anuência e autoriza averbação da cessão total de direitos(281)
800.268/2019-GRB GRAFITE DO BRASIL MINERAÇÃO LTDA.- Cessionário: VTF
MINERAÇÃO LTDA- CPF ou CNPJ 33.075.465/0001-60- Alvará n°3270/2020
Grants consent and authorizes registration of the total assignment of rights(281)
800.268/2019-GRB GRAFITE DO BRASIL MINERAÇÃO LTDA.- Assignee: VTF
MINERAÇÃO LTDA- CPF or CNPJ 33.075.465/0001-60- Permit No. 3270/2020
The research permit for Ptoembieras was due to expire 11/11/2022, however that too has been extended under Covid resolution 76/2021.
The new expiry date is 24/05/2024, so no rush then!
I believe the licence for that extends through 2024..... so assuming Pitoembieras progresses sharpish, they could likely use revenue to drill this nickel license.....
That does assume that we get a wriggle on .....
There's a comment by our old friend on advfn about Jangada picking up a nickel tenement owned by Luis. I don't understand why the company wouldn't tell the market about that. At least it suggests that there are signs of life! I don't know how keen they will be to drill it or what money they will have to do so?
Brian doesn’t think investors should be updated.
Slightly off topic (although the more I think about It the more I think a tie up somehow between JLP and Fodere makes sense), but JLP’s CEO has just done a short interview on directors talk. Implied their expansion strategy will be revealed quite soon, so worth I think watching out for that. But mainly the reason for the post is to highlight how a short interview that doesn’t reveal much can bolster investor sentiment. Would love a similar simple update from Jangada HQ! Good weekend all.
Waited all day to see if anyone would post, but no joy!
Aim listed Alien metal announce MOU on potential offtake and financing of their Pilbara DSO iron ore project. Alien spent most of today with an increased MC of £6m on todays news.
Jangada MC is currently £9m MC with cash and investments over £3m I.e. pitombeiras only value at £6m…
https://www.lse.co.uk/rns/UFO/agreement-for-potential-han****-project-finance-ar67cfmyah98a0u.html
Little reminder Han**** resource is at inferred stage with economics at scoping study level. Sure we all remember pitombeiras iron/vanadium is now at feasibility study level which of course means we only use the measured and indicated resource of 5.1mt (the 3.1mt inferred can’t be used in feasibility study level reports).
Despite the all the doom and gloom Minres proceed with financing the Onslow iron project.
Opex on the JV expected at circa $40 per tonne including infrastructure capital charge.
For comparison pitombieras is circa $25 per tonne mining/plant for the iron/vanadium with $30 for logistics
Pitombeiras gets vanadium credits estimated in Technical report of $45 per tonne.
https://clients3.weblink.com.au/pdf/MIN/02559559.pdf
Majority all done to FS already as below shows. It’s just the desliming and flotation of the tailings containing the Tio2 that was required. Been over 4mths since technical report during which time they’d have progressed the work on Tio2 and been engaging with offtakers on at least the iron/vanadium side.
Surprised nothing received yet, it is holiday season for some though so maybe things been slightly held up. Would hope update is soon.
I’ve just added 10.929 shares with cash added to isa earlier….
- [x] Pit design
- [x] Mining method
- [x] Infrastructure
- [x] Mining contractor costs
- [x] Dry magnetic separation capex & opex
- [x] Wet magnetic separation cape & opex
- [x] Logistics
- [x] Metal prices
- [x] Sales costs
- [x] Working capital estimates
All above been completed which is why Iron/vanadium is to FS level
Below are the extra stages required for Tio2, currently at PEA
- [ ] Tio2 Desliming
- [ ] Tio2 flotation
I thought it was close at hand. Could it really still be uncompleted?
Interesting. I have a small number of JLP shares but have maybe naively not till now joined the dots in this being part of their (big global) expansion plan. It could be a part I suppose…
Mesb - I’ve also had a look. Kitwe has a few mines although area is largely copper. Both Tio2 and vanadium can be found in some deposits, they’d be waste so left the tailings.
Jubilee are active in the area sort tailings including vanadium. It could be connected to them and their tailings or be completely different tailings. Link to them below
https://jubileemetalsgroup.com/operations/lead-zinc-vanadium/
Thanks. I’ve looked for info on the plant in Zambia to try to see how progressed that is - but so far drawn a blank. But part of me thinks it must be reasonably well progressed for them to start the process to amend the South Africa approval - the consultants are probably not cheap to do on a whim.
Mesb - you need to look table 1.7 in technical report. After separation the tailings go through a desliming and then flotation process with the flotation product Tio2 grade being noted at 42%.
On paper at least it would appear the fodere plant planned at S Africa could manage the grade and throughout required for pitombeiras. It’s also designed/flexible enough for other tricky chemicals found in waste so unlikely to have other processing issues.
I’d be very surprised if fodere tech was incorporated into FS level so soon, although it could be possible testing in a lab or on the small scale plant in Zambia.
More likely proceed with firming up current model to FS. Fodere details either later or done to a PEA level for stage 2 expansion.
Don’t know fodere opex, but they claim to be cheapest process TNG with their tivantech have an opex noted of circa $150 per tonne for a similar process. If you used $150 Against 66k of feedstock that’d be $9.9m additional opex PA. Producing 25k tonnes of pigment grade (98%-99%Tio2) at $3k per tonne would give $75m revenue compared to the $14.5m the Technical report envisages for 66k Ilmenite. Definitely worth some work on…
Dcat, think the Highveld tailings are 32% TiO2 content, so processing 120kt gets to 38t of pigment. Agree it must comfortably support Pitombeiras at that level, but where do you get the 42% figure from for the 66kt, I couldn’t quickly find that?
Anyhow, I’m assuming it’s not possible for the DFS to be based on Fodere’s technology when it is released with the TiO2 to DFS standard. Would be interesting to know how the board plan the sequence of the information flow coming down the line without it becoming a drip feed. Maybe that’s unavoidable and you have to produce the ilmenite first before doing the Fodere processing step anyway, who knows.
Mesb - thanks. Looks like a fodere plant could comfortably handle an operation that produced 66kt per annum of Ilmenite concentrate then (pitombeiras).
Fodere claim to be able to process feedstock with 30% Tio2. The concentrate Jangada envisaged in Technical report was 42% so comfortably over.
We all know I believe the real money will be in the Tio2 and producing a higher grade product circa 98%-99% Tio2 purity. That expectation still alive as a later stage..
Interesting update on the website of the environmental consultants handling Fodere’s planned project in South Africa.
https://savannahsa.com/public-documents/waste/zero-waste-recovery-plant-expansion/
Suggests they are applying to increase the throughput 5x which to my reckoning would mean 120kt of tailings processed per annum. If the comment “ It should be noted that the footprint and workings of the already authorised Anglo African Metals Zero Waste Recovery Solution will remain the same.” can be interpreted to mean the capex investment is not too dissimilar to before, the payback using this technology should be fantastic. I still have not come across any different information to the news article posted before about them investing R280m (around USD20m) for the South Africa project.
I guess we still have to wait to learn if the Fodere technology is going to be of any help processing the ore in Brazil, or if indeed the pilot plant works at all, but think it’s potentially very interesting if Fodere have tweaked the technology to get a bit more throughput.
Joeman, I do believe we will see bid at 4.10p today and ask at 4.20p - Buys will continue for sure, the news that we are expecting it's close and then double digit, but I can't say or give an opinion about the price
I agree. Positive news, albeit news that we were expecting.
Can't be long now for some news on the DFS and discussions with offtakers.....come on JAN. I've been patiently waiting.
GLA
Good morning to all here,
I hope you Guys have had a good weekend.
Good news today, more money in to the Company account, DFS it's not far and hopefully we will break 4p
Pre-open already 1.23% up - let's wait and see how the share price will be today.
Have a nice day all, take care.
Cheers Dcat, I had a look. I'm hoping this doesn't require legislation and can be implemented before the presidential election.