Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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CopperOn posted today on CCZ that CORE LITHIUM *s mkt cap is A$882m.
KDNC has optioned out LITCHFIELD LITHIUM project to Castillo Copper [ASX /London] and in a potential sale will take Castillo Copper shares where applicable [see details].
KDNC owns 29% of Litchfield prior to optioning it out .
Litchfield is CONTIGUOUS to Core Lithium*s DFS deposits in Northern Territory, Australia.
One to watch as to what WILL OR WILL NOT be found at Litchfield, 900m to the boundary of Core.
----------------KIRAN MORZARIA MAY KNOW THE ANSWER----------------
given in 2019, KDNC commissioned a Geologist Consultant to do field work and in-house searches from the NT govt strike platform.
From what I could find, the previous owner of LITCHFIELD WAS MONAX MINING [ASX].
Monax Mining did rock chip sampling and identified targets at Litchfield.
However, Monax wanted to drill in 2017 but somehow, the trail ended there. They have changed their name to another name on the ASX.
So, Kiran Mozaria , CEO of KDNC would have that HISTORICAL REPORT from Monax as well , hence why I said KM may know or guess etc.
Have to wait for rock chip sample results from CCZ shortly for Litchfield as they are conducting DUE DILIGENCE.
I read the KDNC accounts wherein AMAPA IRON ORE PROJECT, BRAZIL was mentioned by KM juxtaposition against Litchfield.
Core Lithium*s FINNISS lithium spodumene project NT, Australia is of interest as Australia*s next lithium project [highest grade and lowest cost]. Capex is around $68m from recall for Core.
News, 14 Oct 2021.
https://hotcopper.com/asx/chr
Cadence has invested in Charger Metals [3% from recall].
It is looking for lithium in BYNOE lithium project, NT, Australia at the other end of Core Lithium.
No one knows what the news is about ie lithium or other of their projects.
CADENCE-CCZ option to Litchfield Lithium project.
This is adjacent to Core Lithium, 900m from the boundary of Core*s DFS spodumene lithium deposits.
Waiting to see what is the news at Charger.
13.10.21
SEE - my post dated 7 Oct 2021:
"REM II under KM-Amapa
Litchfield & Picasso as well: re: Option to Castillo.
REM II ABOUT TO B E G I N."
TODAY KDNC RNS, MON 11 OCT 2021
Amapa and bank creditors. See detailed RNS.
Share price: 23.4 -24.4p +38.6%
However, still below 30p of recent times.
I said that saying I meant to say is NO GOOD. I said so after see the picture that KDNC tweeted of KM [Kiran Mozaria, CEO KDNC ] at Amapa [4 pics] in Brazil [iron ore].
news, Monday, 11 Oct 2021.
AFFECTED COMPANIES?
On the international arbitration front, Mexico’s geological service lists 31 lithium projects fully or partially owned by foreign companies.
As well as four held by Bacanora, the list includes 15 assets owned by OrganiMax Nutrient Corp., now called Silver Valley Metals, which are located in Zacatecas, San Luis Potosí and Coahuila states.
https://www.bnamericas.com/en/news/amlo-mexico-prepped-for-arbitration-as-lithium-battle-hots-up
Only UK-based Bacanora Lithium is viewed as meeting these requirements, interior minister Adán López said earlier in October.
Barksy1 usually looks out for all thing Cadence related ie Mexico news on Sonora etc.
So, NOT sure if Barksy1 saw the latest 22 hrs ago.
REM I was Sonora in the main.
REM II under KM -Amapa.
Litchfield & Picasso as well re: Option to Castillo.
This REM II is about to begin.
The good thing about posting is that the post CANNOT BE DELETED. So, it wont be I meant to say. It is either said or not said in print.
So, I am PRINTING my post dated Thur, 7 Oct 2021 @11:15pm. {NEWS]
Answer: It is going in as a Constitutional Reform Bill and I understand it may also affect energy.
They want to develop their own licences so have to wait for the outcome.
BCN will inform as they said ie keep shareholders informed. Ganfeng commented in the Mining.com article just out about nationalisation.
Since this has got to do with Ganfeng now, they will have to deal with matters as it comes given the papers are out for voting re: BCN takeover.
So, history now. 5.10.21
Maybe the Mexican govt will seek to take a % equity stake in the unexplored areas perhaps 10% for free and 10% buy-in basis. That way companies can be assured of licences etc and the market gets a return on investments for their stake. A win all round.
Oh, my word.
CADENCE WAS THERE NEXT TO GGG, 1 of the world*s largest REE deposits!!!
Rare earths - they need 10x more per yesterday on Twits.
BILL GATES-BEZOS-BLOOMBERG, PRIVATE VEHICLE IN WITH JAY in GREENLAND.
Uranium-HOT TO BOILING. Greenland-GGG or near by has uranium + REE.
Oh, LITCHFIELD-PICASSO. I saw on the website the change to instead of we are following Core Lithium*s progress, it stated we are ....JORC. What JORC I was asking? Next morning, CCZ RNS-CADENCE RNS, it had gone to CCZ. Lithium per British Faraday Institute is the "----21C GOLD RUSH."
Oh, my.
Lastly, the chief of the group to oppose BCN*s takeover told the Telegraph that BCN was worth £5, not 60p area.
How did they get that? I did some cals and found that they TOOK 100% OF VENTANA, NOT KNOWING THAT GANFENG HAD ALREADY OWNED 50% OF THE PROJECT = 100% NOT OWNED BY BCN so one cant take 100% of NPV VENTANA 88% AT US$1BN.
Then, they took 100% OF GREATER SONORA LANDS WHICH D.LENIGAS DID A SCOPING STUDY ON at US$2bn+ NPV. BCN OWNED 70% OF THIS AND KDNC 30%. After Ganfeng took 50% OF BCN, that means BCN ONLY HAD 30%+, NOT 100% which they NEVER OWNED.
So, this group took NPV US$3bn + which came to £5 which DID NOT BELONG TO BCN.
History now so can tell the story.
Amazing at what*s happening. I tweeted to DL about SPAC LITHIUM -big boys like Bezos, Bill Gates, Bloomberg and of course Gina Rinehart & Andrew Forrrest or Twiggy, Australia*s richest man and woman is into lithium and green metals.
Oh, my.
5.10.21
https://www.cadenceminerals.com/projects/sonora-lithium-project/
Hoping it’s still the same ….;)
FOR DISCUSSION ONLY?---------------SONORA LITHIUM PROJECT, MEXICO [KDNC JV/BCN]
From what one reads, there are 2 ASPECTS to fulfill per the govt involved.
IF the legislation gets passed, then THOSE LICENCES where NO EXPLORATION HAS TAKEN PLACE may also not quality + PRODUCTION TO FOLLOW.
DAVID LENIGAS, FOUNDER OF REM PLC
The Sonora Lithium project, Mexico is still held in REM Mexico Ltd. Had Mr Lenigas left the licence as it was, one is NOT sure what will happen given there are SEVERAL LICENCES from what I understand.
However, Mr Lenigas asked SPK Consulting to do a SCOPING STUDY on the 30% JV SONORA.
BCN never did any scoping study etc. The REM Scoping Study on Sonora JV 30% shows NPV of US$2bn+ vs US$1b just over at Stage 1 wherein BCN owns 88% of Ventana, their own property but later JV to 50% with Ganfeng.
It will be interesting to see what KM , CEO of KDNC will say given BCN has RNS*ed the Mexico potential legislation etc and said they will keep investors informed via Mining.com article quoted on this thread.
Will KDNC issue an RNS on this? I dont know given KM, CEO is on his way to Brazil?
IF REM PLC HAD TAKEN OVER BCN PER HISTORY RECORD, THEN THEY WOULD HAVE BEEN WAY INTO PRODUCTION BY NOW, IN WHICH CASE, WE WONT HAVE TO ASK THE SAME TYPE OF QUESTION?
5 Oct 2021.
Mining.com has a different take on the above.
"There are 8 concessions granted for the possible exploitation of lithium in the country,he noted, adding that it was the understanding of the govt that ONLY 1 OF THEM MET THE REQUIREMENTS TO KEEP THE PROJECT. The statement DID NOT mention the co it REFERRED TO.
Bacanora believes it satisfies the potential demands at its flagship SONORA lithium project, where it KICKED OFF EARLY CONSTRUCTION IN FEB.....adding it would keep shareholders advised of any FURTHER DEVELOPMENTS."
Ref: "Bacanora Lithium says Sonora project safe from Mexican reforms."-Mining.com, 4 Oct 2021
https://www.france24.com/en/live-news/20211001/mexico-eyes-state-monopoly to tap lithium-rush 1.10.21
"Proposal is included in a constitutional reform bill."
"IF approved, FUTURE CONCESSIONS TO extract MINERALS such as LITHIUM will NOT BE AWARDED TO P R I V A T E CO*S.
E I G H T concessions have been already granted for LITHIUM EXPLORATION would REMAIN V A LI D as long as the co*s make the N E C E S S A R Y PROGRESS TOWARDS S T A R T I N G
P R O D U C T I O N , the govt said."
"Lithium is mined mostly in AUSTRALIA & South America, while China dominates the supply chain."
"The British Faraday Institution...has called the SCRAMBLE for LITHIUM & OTHER METALS USED TO MAKE THEM A ------21ST CENTURY--------G O L D R U S H."
Comment:
The 2nd part is not just that co*s have to explore ie the 8 concessions already granted but from all that I have read today, there is a FURTHER CLAUSE ABOUT PROGRESSING TO P R O D U C T I O N.
News, Mon, 4 Oct 2021 @6:10pm
K.M is on his way to Brazil ie CEO KDNC.
So, maybe NO KDNC RNS on Mexico as BCN just RNS*ed?
From what I understand, 8 licences is OK provided "EXPLORATION HAS STARTED."
This is relating to MEXICAN nationalisation of lithium except above.
So, yeah, Ganfeng taking over BCN [KDNC*S JV partner] may have just ....?
Await further word from KM, CEO of KDNC relating to above and what the KDNC RNS will shortly say about SONORA Greater Lands [30% JV with BCN and now perhaps Ganfeng if the takeover get over the line?].
Mon, 4 Oct 2021.
Big news out of Mexico relating to lithium today, Mon 4 Oct 2021.
Hence, KDNC*s JV partner has issued an RNS on this also today, 4 Oct 2021.
It relates to the Mexico govt announcement relating to lithium today.
However, I saw it last night from an economist covering S.America.
-------------SONORA LITHIUM, MEXICO -------- 4 Oct 2021---Mexico govt news
CCZ issued an RNS today, 4 Oct 2021 on both ASX and London relating to Cadence*s Picasso project, WA, Australia [lithium which is near Liontown*s A$2bn+ mkt cap BULDANIA lithium deposit."]
So, history begins at Picasso and no doubt more RNS*s relating to LITCHFIELD, NT, Australia near Core Lithium*s Finniss project which is Australian next lithium producer slated to start production in H2, 2022 [some reports say end 2022].
Mon, 4 Oct 2021
This was the project I was interested in ie Cadence Minerals 2 Australian lithium projects at Litchfield and Picasso. Cadence owns 29% and the other 71% is owned by another co.
These 2 lithium projects have now been potentially optioned out to CCZ who are carrying out due diligence. The 1st RNS from CCZ came out today, 4 Oct 2021 re: Geologist Consultant report on Picasso.
The Cadence Minerals [KDNC] option granted to Castillo Copper
relating to the above specified that additional payments do not come into play unless
2 conditions are satisfied ie drilling must be x metres apart etc.
Secondly, that the additional payment only kicks in if the JORC resource is proved up at 7.4Mt @1.3 li20 at LITCHFIELD,NT, OZ which is stated also to be the SAME RESERVE as Core Lithium*s Finniss project!!!
{Kiran Mozaria, CEO, Cadence said that 2 drill are needed at $1.3m in his Vox Mkt podcast].
Quite interesting that Cadence/owner of Litchfield appear confident or not?
Sat, 2 Oct 2021.
Too much to type up, so look at Castillo Copper for what SP Angel said about the sale BY KDNC of the 2 Australian lithium projects to Castillo.
Stunning news.
From Charger Metal Presentation, it shows Cadence Minerals [KDNC] owns 3% of Charger Metals listed on ASX. KDNC is one of the 20 largest shareholders in Charter.
https://chargermetals.com.au
Charger is looking for LITHIUM near Core*s Finniss lithium project, NT, Australia.
CHARGER-BYNOE project occurs within the Pine Creek Orogen, which includes the BYNOE PEGMATITE FIELD, 1 of 3 fields within the 1 8 0 km long LITCHFIELD Pegmatite B e l t extending from Darwin Harbour to the North, to the Wingate Mountains to the South.
Project is located approx 38km southwest of Darwin in the Northern Territory."
https://chargermetal.com.au/projects/brynoe
Comment:
So, Cadence*s Litchfield and Charger are in the North.
On HC, they said that LIONTOWN Resources sold THE NT LICENCE TO CORE LITHIUM.
I checked and it is correct - it was sold for A$3.5 million. Liontown wanted the money to develop something else. Wow, the rest is history given Core*s mkt cap is A$600m now whilst earlier A$700m.
So, Kiran Mozaria is keen on lithium near Core.
UK INVESTOR MAGAZINE WITH ALAN GREEN
did a podcast on Cadence Mineral [KDNC] today, 29.9.21 relating to selling the 2
"prime" lithium projects to Castillo Copper.
It is on Twitter thread entitled "#kdnc".
Australians are looking for the NEXT CORE, THE NEXT LIONTOWN etc so LITHCHFIELD near Core and PICASSO near Liontown is of interest to Australian investors.
One will note Cadence bought investment in CHARGER METALS [ASX] who is also looking for lithium near Core*s lithium project in the NT, Australia.
I found out that there are 2 LOCATIONS IN THE NT - One NORTH and the other SOUTH relating to Core Lithium*s Finniss project. Litchfield is located on the NORTH SIDE. I am not sure where Charger Metals location is but I hope to find out.
The only other project in the NT, Australia chasing lithium near Core*s project is located SOUTH. This co is ASX listed and the MD is hoping to make a transformative discovery relating to lithium spodumene.
Core Lithium also bought FURTHER LICENCES which cost MORE than the LITCHFIELD & PICASSO project.
So, in total, there is LITCHFIELD [NT], Charger, A8G all looking for the NEXT CORE.
Proactive Investors UK and Market Herald, Australia have written up on the CCZ 2 lithium projects.
It is now on HC CCZ Australia.
https://hotcopper.com.au/asx/ccz/
It appears that for the Litchfield project, a satellite imagery was done and for Picasso, the Geological Survey had done work on it.
It is on the top thread: "LITCHFIELD [NR CORE] & PICASSO [NR LIONTOWN] LITHIUM PROJECTS.
This relates to Cadence Minerals RNS today, 29.9.21 wherein they sold Litchfield & Picasso to Castillo Copper [CCZ] which CCZ entitled their RNS as "PRIME" projects.
Oh, one Australian on CCZ Australia said: "THE NEXT SUPER STAR." [40c thread on HC CCZ]
This is Cadence*s 2 lithium projects sold to CCZ. [RNS 29.9.21]
The Australian shareholders of CCZ are all besides themselves.
The top 2 thread on HC, CCZ, one is "40c -its lithium."
The CCZ share price is A 3.7c , mkt cap A$45m.
So, 40c is 10 X.
Another said $100m MC.
Another on the other thread said that $50m for a nearology play near LIONTOWN, a $$billion co.
This refers to Picasso near Liontown [lithium]. The other Litchfield is near Core [mkt cap A$600m].
This refers to CADENCE RNS to sell 2 lithium projects to CCZ today, 29.9.21.
https://hotcopper.com/asx/ccz/
Short video out from CCZ on Twitter on KDNC*s Litchfield & Picasso lithium projects.
https://twitter.com/TheMarketBullAu/status/1443001764081401858 29.9.21
Quote:
"TWO PROJECTS hold S U R F A C E OUTCROP OF P E G M A T IT ES."
As said Stockhead.com.au *s latest reports is that Aussie are looking for the NEXT
PILBARA MINERALS , LION TOWN RESOURCES & VULCAN ENERGY. All these 3 are into the A$billion/s mkt cap.
From CCZ*s ANN in Australia, they stated Picasso is near Liontown*s Buldania lithium project. Liontown*s mkt cap is A$2.92 BILLION.
Of course, Core Lithium is mentioned everywhere as well given the mkt cap is A$600m given Core*s Finniss project is hot property for lithium spodumene.
I say, "SURFACE OUTCROP OF PEGMATITES" for both projects - think that self-explanatory and new news.
Been to the Australian site to see their ANN/RNS. CCZ, the buyer stated : "TWO PRIME LITHIUM PROJECT SECURED." [ANN, 29.9.21]
As for the Picasso lithium licence [KDNC], CCZ stated that it is near LION TOWN RESOURCES*S
Buldania lithium project. Liontown*s mkt cap is A$2.92 Billion.