Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No historical results for Li2O* Below 1.7% (made a typo in the chemical formulae there)
Quite incredible to use such a high cut off grade when the plant can handle 0.2% Li2O and for example Prem African minerals use 0.4% as their cut off grade
Original Blesburg reverce circulation drill campaign 2017.
They used a cut off grade of 800ppm Li.
To convert percentage lithium (Li) to percentage lithium oxide (Li2O) multiply by 2.15 so they didn't report lithium grades below around 1.7%LiO2.
Also, RC drilling misses the nugget effect which can increase the average grade significantly.
https://www.australianvanadium.com.au/wp-content/uploads/2015/02/AVL-Blesberg-Exploration-FINAL-050717.pdf
Notice how much tantalum and feldspar they find everywhere. We know that these byproducts are worth up to 50% of the final value.
1000ppm = 1% by the way
8000ppm tantalum in places. That's 8%. And tantalum is worth £227k/ton, and will be crushed and sorted as a byproduct already included in the AISC.
https://twitter.com/JB_MiningAfrica/status/1731785751761711216?t=Am5c9r5NEOflWhuRK3XwvA&s=19
See these images in this tweet of drill locations and mineralisation encountered ***During Marulas 2023 drill campaign***
They show the 2017 and the November 2023 phase 1 diamond drill locations side by side.
Notice the image how the 2023 drills hit the pegmatite over much larger drill intersections than the 2017 RC drill program.
The phase 2 drill program was done over 50m infill drilling on the hard rock target and has formed part of the mine plan for an expected 10 year operation based on a plant output of 5kt/month.
Seems like a large percentage of the ore which isn't Lithium is also very valuable byproducts. (More than covers Opex we are told, assays pending)
Rainwhenidie. Well, I have been investing for more than 40 years and I must have been doing something right as I retired at 52 and my wife and I have been living comfortably off our dividends ever since. I daresay not as successful as you of course, but I'll struggle on!
I invested in Marula because they have a happy knack of finding projects with stuff in the ground that is valuable, quick and easy to dig up and sell. I dont want endless studies of one sort or another to investigate gigantic anomalies half way to the center of the earth that may or may not come to fruition by which time I would probably be in an urn in a cupboard in my sons bedroom.I trust the management/backers and their drive and ambition to get things done,we are in the right sector at the right time and the macro picture is improving. I am afraid I couldnt care less about the day to day detail, depth and number of drill holes etc etc etc, I will leave that to the experts.......Sorry!
By years end we will all know who has been talking b******s...........I know who my moneys on! Revenue> profits> dividends = Dramatic share price rise. When everythings up and running / more projects etc then yes, pounds not pence in my view in the not too distant future.GLA.
Imagine being able to join right alongside Qu inton Van Der Burgh in his next investment and declining the opportunity because you were kacking it over some drill reports. Ffs let's get on with it. That's what I love about MARU.
I invested when it was just MARU. Now it's basically MARU and QGC combined which is actually very interesting and changed everything.
Dry sorting lithium. Crushing screening sorting. Easy, uncomplicated, less moving parts so to speak. PREM's concentrate plant literally makes me burst out laughing every time I see it. They stand NO CHANCE.
MARU is my most enjoyable share. Looking forward to seeing the operation expand in Blesburg and beyond.
What exactly is your problem? If you invested then fine you are entitled to have such views but if not then I do not comprehend why you seem so concerned ?
Are you not understanding what im saying on purpose?
https://twitter.com/JB_MiningAfrica/status/1682316943447977985?t=BTdPFrz0BqV3yT1MXRVlRQ&s=19
^^This is the phase one plant^^ It's a PILOT plant. Pilot means small, cheap, and I am saying it could theoretically run for 100 years based on estimated ore body size. I am telling you this to allow you to comprehend the ease and scale of this small scale pilot plant and why it can VERY EASILY be fed with the surface gugh grade material for many many years.
Repeat, phase one pilot plant small scale operation to bring in tens of millions of $ a year.
Phase 2 will be much larger and more expensive and will be designed based on the phase 2 drilling data.
For the fifth time please watch the videos as your sounding ridiculous now with your incomprehension.
No typo. 170,000t per year phase one plant if run 24/7 could run for 100 years if the exploration target exceeds 17MT. The exploration target is 50MT
Drilling let's them know what is 150m under the ground in all directions. 5000m at 150m would be 33 drills.
The pilot plant has a feed capacity of 20tph so running 24 hours that's 172k tonnes. The initial Exploration Target is 10-15mt, so phase one would be a 100year operation based on these figures.
JORC is required to know how big a phase 2 copper cathode plant to build. Phase one is tested, funded, designed and built, waiting to be delivered and producing revenue in Q2 2024.
This asset was only acquired in Q4 2022 don't forget.
"At the Kinusi Copper Mine, the US$2.04 million, will be used to meet the costs of the previously announced Phase II Program of exploration activities and further work which will include amongst other things, the following:
Work will focus on the high-grade copper mineralisation at the main Sasimo Prospect
LIDAR and airborne geophysics survey
Drill access roads and drill pad preparation
Initial 12 -hole, 1,500m as part of a larger planned 5,000m resource drilling program aimed at defining a maiden JORC Compliant mineral resource estimate"
RNS 19th january^^
https://twitter.com/JB_MiningAfrica/status/1687424209620729856?t=ZXZKJTPLZElcEEPWH0vAZA&s=19
Copper recoveries looking very good from the pilot plant tests^^
https://twitter.com/JB_MiningAfrica/status/1694658969099264116?t=O4AYwIY-LYOl0naHnyqouQ&s=19
Here is photos of the processed high grade concentrate and an artists impression of the initial phase 1 processing plant. ^^
Sounds like they are going for a further acid leach phase to turn the output into a high value copper cement. I would imagine this will run in tandem with the plant already built? Or maybe they will feed the low grade material into the cement process only?
All will be revealed before Easter once Jason gets the reports back from the newly employed General Manager and copper expert Yana
No mate. Not everyone can pick up a rock of this grade and which is widespread and where assays results of up to 15.48% copper were reported on the copper mineralised corridor that extends for over 1km length and over 300m in width and where an initial Exploration Target at Kinusi of a 10-15 million tonne deposit of high-grade copper, gold, and other base metals was estimated by Geofields Tanzania Limited as announced on 18 August 2023.
So no it’s not just any rock that can be picked up.
And the rocks that have been picked up are pretty representative of what is seen there - and yes I know because I’ve been there and tried to pick up many of them.
No. Not rock chips or channel samples but bulk samples of material of samples of faces exposed from working open pits on addition to other samples from similar small scale open pits.
Open pits that have been mined not because people like digging holes but because they make money from the sale of high grade copper ores.
Good evening all.
Just thought I’d add my comments.
Project will be drilled and next phase of work will deliver that JORC.
In the meantime independent geological consultants have confirmed a very significant exploration target identified through the samples taken from multiple exposures and outcrops and small scale open pits that have exposed widespread mineralisation.
Great potential which has already led to mining and sales and high grade copper DSO material from these already granted mining licenses and where we have already completed detailed costings and made commitments to an initial small scale plant and which has already justified significant interest from offfake parties - some of whom are already taking material from that region.
Anyone can pick up a rock yes. But the very very high grade rocks at Kinusi they have collected from surface? Here is a big pile of them. I doubt you could pick up more than one at a time
https://ibb.co/0nxBbCJ
We covered all this on the 1st March, I spent hours finding all the research sources for you.
A CPR which is almost ready for release at Kinusi can be a very long and detailed report.
Have you ever heard of a company going from nothing to profitability and multiple JORC releases for say £10m expenditure in 18months? Hang about and you will
Anyone can pick up a rock yes. But the very very high grade rocks at Kinusi they have collected from surface? Here is a big pile of them. I doubt youncould pick up more than one at a time
https://ibb.co/0nxBbCJ
If you are genuinely interested,
Oh FFS. Can not of you hates search a PDF? The Kinusi results are in an RNS.
https://polaris.brighterir.com/public/marula_mining/news/rns/story/xzk5m3x
Here is the research again. Do us a favour and watch them please as your lack of understanding here is painful.
CEO interviewed on the Biztech academy
https://youtu.be/ypL2y63o9dk?si=dLLylNM2-iIVJB3F
Billionaire mining entraupener who is the largest shareholder and fronted all the cash to develop these assets interview
https://youtu.be/j5VOfPzrxCo?si=20cBNZzf4dumKpVS
Rain, this is my last engagement with you as before you have just annoyed me with your lack of understanding or basic research, constantly drumming the same criticism on repeat despite me spoon feeding you.
Asiamet resource COPPER average grade 0.5%
Remote location with no power, requires a biomass paint to be constructed 100km away? Wow, that's risky...
Kinusi copper average grade 2.5% as reported by independent geological experts. Already being lined profitably by locals hence initial processing plant being built to improve. Up to 15% from surface. Search twitter for marula kinusi. You can see the blue rock. That's off the scale and you know it. Stage 2 drilling program paid for and under way now.
The $1billion is for Blesburg, in a different country from Kinusi Copper. You did realise that yes? When I stated "try and calculate the IRR figure for us for the lithium resource?"
You had made the distinction in your head regarding the two projects? You do know that the Lithium resource has been drilled and had 30t at least of sampling done and the offtake agreement has been signed.
*******
At Blesburg, *LITHIUM PROJECT* 42 diamond drill holes have been completed for a total of 2,386.67 m drilled. AORC maiden resource declaration is due very soon based on the initial phase 1 drilling results and should be expanded further once phase 2 drilling is incorporated.
https://twitter.com/MarulaPlc/status/1732300256925123012?t=RiaIvIKuvx8fNGqqRzza_Q&s=19
Https://docs.google.com/document/u/0/d/1OXucCyUJnw1YLVs2carsflmPQ9vJk_R2Ih8B6L_IOwU/mobilebasic
Credit to Ant, Steve, Chuggs and Kev on telegram. Cheers
Oh we are on month 15 of that 18 months to profitability by the way. Remember my IRR figures?
Would you be so kind as to try and calculate the IRR figure for us for the lithoum resource?
Here is a table with the economics based on 3000t of SC6 product. The company is aiming for 5000t/month minimum.
https://ibb.co/DWLXPJz
Notice total cost per ton $276/t (bottom right)
Add in transport and tax and the AISC is about $500/t
SC6 worth $1100/t and byproducts worth $500/t
AISC is $500/t for every $1500/t revenue*
Good afternoon
Here is the Asiamet resources DFS - the company you are invested in and told us was a better investment
Initial 9.2 year mine life producing up to 20ktpa of copper cathode per annum
• Life of Mine (‘LOM’) Revenue of $1.4 billion and EBITDA of $655.3 million
• Capital cost of $208.7 million (excluding growth and contingency $26.7 million)
• Post Tax NPV8 $162.8 million, IRR 21.0% (post tax, excluding closure costs)
• Payback Period 3.4 years
To summarise, this plant will take another at least 2 years to fund and build and cost $200m
Over 9 years it will.make $1.6b
NPV will be $162m
That's a very poor return.
Blesburg, Just ONE of Marulas project is likely to make $200m in 2.5 years. AISC is $500m for every $1000 revenue on lithium alone. The free byproducts are another $500/t.
Run that through your calculator, and they will see over $750m FCF or NPV back.
Capex? $5m
Time to profitability? 18 months
Number of shares? About 400m
ARS have spent about £40m over the past 5 years and haven't made a penny.
2.59b shares in issue
A way, congratulations on finding Marula.
The Kinusi at Marulas copper mine they know extends at depth by the way as the original owners have peppered mining shafts along the strike. Effectively a free drill hole if you like.
As I understand it you drill the seam durrrrrrr
The only kids pool is the p**s you are sitting in