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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/
https://www.lse.co.uk/rns/IES/mou-signed-for-joint-venture-with-us-vanadium-nus55zz43of08xf.html
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.
You use LinkedIn I believe. If you check Luis posted about a invest mining network meeting that was on yesterday
Shouldn’t be cause of any delay. Offtakes and DFS come before rest of financing, although discussions could of course be taking place before
That's terrific news, might explain delays too? Only question I have is how long it might take to implement.
https://www.bnamericas.com/en/news/brazil-takes-action-to-facilitate-financing-for-mining-smes
Possibly. The interview from last June did say on the event of further benefication that financing would probably be through a mix off offtakers and industry partner.
If someone such as largo was to take 25% interest in the project for $12.5m that’d pretty much get the financing over the line without debt. $12.5m for 25% stake would be paying circa 50% if the current NPV for then a financed project.
Depends what interest is out there. Would hope with the outstanding economics they’d be that interest…
We will be the next JV?
https://www.miningweekly.com/article/largo-clean-energy-mulls-jv-with-ansaldo-2022-08-04
St Brides been involved with Jangada for years, maybe since listing.
Fact you don’t know that probably says more about them than you though. They’re useless…
Is this a new relationship? Since the selloff?
Realistically, I don’t think we are likely to get many interviews/Q&As before the full DFS is released as, at this stage, everything they can (or are prepared) to share is out there.
Personally, I would stick to the ICM platform than a formal meet and greet. Logistically, it’d be a pain, TMS would likely host (doesn’t do much for credibility) and key is to attract wider investors by making it accessible. ICM is low cost, easily accessible and has worked with HMI.
Would be good to get some interviews with BM beyond TMS. What about an investor meet and greet? We aren't the opposition, we're on the same team. Why not meet those of us who have shown a lot of belief in them?
Agree DCat. The deck says little that is new, but it consolidates the information in a much clearer manner. Easy for new investors to catch up quickly on the compelling investment case. Like you, I hope this cues a stream of positive news over the coming weeks.
Yep, thanks DCat, much appreciated.