Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Maybe also publication of significant technological of partner or JV or financing partner will make great jump or .
The only thing that will now make this jump is either some EU funding or off take, nothing else.
Great update but disappointingly no sp jump on back of it.....SAV definitely more tortoise than hare !
Going back into the mists of time when drilling was first started at the MDB and before the first JORC, there was the sausage process of exploration moving through the phases, ultimately to Indicated and therefore bankable.
Nice big tick in the DFS box for NOA and whilst a few months off, there is no reason to doubt that the sausage process for the others will break its historical path.
As the existing expectations all move into the indicated category for the DFS, the door is left open for further expansion of the overall resource. At his first face to face presentation to shareholders earlier this year, CEO did outline a quirk in the Portuguese rules that expansions could only be applied for once the initial works had started.
Continues to firm up the foundations as expected.
Great news and further to news to come. We now have a massive 661,000 tonnes at 1.03% Li2O, containing 6,800 tonnes of Li2O. I believe we will hit the 1,000,000 tons for the DFS. Additionally Li2O prices up 14 percent year to date.
"Looking ahead we will have further assays to release over the next couple of months from both Reservatório and Pinheiro, where we are targeting further extensions of the high-grade mineralisation noted in our 12 March 2024 RNS as we work towards resource upgrades for the other deposits by the end of Q3 2024"
You took the words right out of my mouth!
Nice update
I read in the Telegraph this morning that the “canny lads” of Durham have found a local supply of lithium. “ Weardale Lithium said that, if approved by Durham County Council’s planning committee, its processing plant would be “one of the most advanced lithium extraction plants in Europe.” good luck with that journey lads!
Good spot Themightyall. Excellent !
I wish our own government would start putting suitably qualified people into high office, instead of the system of "Buggins' turn" that they seem to use.
So hopefully we hall start to see the pushing their weight behind suitable projects, sooner than later.
Energy minister Maria seems appropriately qualified for the post :
Doctorate in Mining Engineering and title of aggregate in Georesources; Master in Mineralurgiagy and Mining Planning; Degree in Mining Engineering.
University professor and researcher in the area of mineral and energy resource engineering.
Professor of the Higher Technical Institute of the University of Lisbon, where she served as President of the Department of Engineering of Mineral and Energy Resources and as researcher and President of the Center for Natural Resources and Environment (CERENA).
Https://x.com/savannahres/status/1785338775448527030?s=61&t=AJxxcVs_tbxqv1S84UYMow
Unlikely to be the same presentation but good to see they are getting their message out, more positive
P.S. I've tabled a question for the investor presentation to ask them what they think of the coming of sodium batteries
Yes, solid state batteries use lithium, though solid state using sodium is not impossible.
Sodium batteries generally have considerably lower power density than lithium batteries, which means they have to be used in smaller (i.e. lighter) vehicles, or you have to make large batteries, which is OK for storage applications but not for vehicles.
The biggest advantage of sodium batteries is that they should be cheap - no mining, *just* extract the sodium from seawater. They will however need many of the other materials (copper. manganese, etc) that lithium batteries do.
I agree with Robinvip1 that lithium and sodium batteries are complementary in their applications and as batteries generally improve the market will grow so that there will be plenty of room for both.
I believe solid-state still uses lithium ?
And where would you think Solid-state batteries will become a force to be reckoned with? Or do you think this is too far in the future as not to be a concern for Lithium !
I read Benchmark Minerals' well written paper on Sodium Ion batteries. They clearly make the point that Lithium and Sodium are complementary technologies. Since I first read about Sodium batteries I always thought they would clean up for static storage and for very cheap commuter cars. Now that Musk as promoted FSD in China, I think it's more likely Lithium goes to transport and storage, Sodium some storage.
No kidding. Some of us were here in African Mining & Exploration days …
Fingers crossed for all good news, but lets be honest its been a very long wait for quite a few of us. More twists and turns than a twisty turny thing.... Li mining was never insight when I first came here :-)
All in all, lots of good stuff to come, and relatively soon.
Various drill results were outlined from NOA and Reservatorio where drilling had been completed Dec 5 and Feb 26 respectively and there was to be further drilling at Pinheiro and Grandao. Maybe they decided to amalgamate all the results.
CRMA due to come to force tomorrow and Sefcovic stated that he wanted to get things implemented straightaway. Let’s see on that front but any pre launch discussions and outline agreements would hardly come as a shock.
Yes, 80% certain we'll get a RNS update on resource before the 8th May. With all the scandal disappearing into the ether likely rises until then.
Was hoping for an update on resources - 9 April RNS "The Company expects to publish the first of its new JORC Resource estimates, on the NOA orebody, later this month.".
Also I seem to recall them saying there should be more on partnership agreements by the end of April, but I can't find the reference to that at the moment.
EU funding confirmation incoming
That’s my hunch
Meanwhile PR is trying to make something out of this story;
https://www.portugalresident.com/coimbra-researchers-investigating-lithium-free-electric-batteries/
Any idea that an alternative to the Li battery will be developed anytime soon for commercial purposes, meaning that MdB is not required is just pure fantasy. To think now 40-50 years after the Li-Ion battery was first invented it's still being improved and still has a long way to go on the affordability/recycling front.