Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Avino Silver and Gold Mines Ltd. La Preciosa IS one of the largest undeveloped primary silver resources in Mexico. The mine is in construction.
Avino Silver and Gold Mines acquired La Preciosa from Coeur Mining in March 2022 with the intention to rapidly develop the Project as a satellite mine to Avino’s current operation, located 19km away. La Preciosa features prominently in Avino’s five-year plan and the company is targeting the commencement of production in 2024. The first phase of mine development will require technical equipment and materials that will be funded by growth capital.
Avino intends to ramp annual silver production from La Preciosa to circa 3 million ounces (“Moz”) by 2027, increasing to 3.5Moz in 2028 With a current total Mineral Resource estimate of 120Moz of silver and 224,000 ounces of gold, La Preciosa is expected to be a long-life asset with further expansion potential.
Trident owns a 1.25% net smelter return royalty ('NSR Royalty') and 2.00% gross value return royalty ('GVR Royalty') over the La Preciosa Silver-Gold Project in Mexico, which is operated by Avino Silver and Gold Mines. Trident is also entitled to a milestone payment of US$8.75 million within 12 months of first production. https://avino.com/operations/lapreciosa/
Paradox Basin Royalty
Trident owns a 2.50% NSR Royalty over any projects owned by Anson Resources within the Paradox Basin in the USA. The Royalty is tied to Anson’s ownership of the projects, and Trident is entitled to 2.00% of net proceeds from the sale by Anson of any projects in the Paradox Basin (with the Royalty terminating at that point).
Paradox Lithium Project.
The Paradox Paradox Basin Royalty
Trident owns a 2.50% NSR Royalty over any projects owned by Anson Resources within the Paradox Basin in the USA. The Royalty is tied to Anson’s ownership of the projects, and Trident is entitled to 2.00% of net proceeds from the sale by Anson of any projects in the Paradox Basin (with the Royalty terminating at that point).
Paradox Lithium Project
The Paradox Lithium Project, located in the Paradox Basin in Utah, USA, is Anson Resources’ flagship project. Anson released a Definitive Feasibility Study for Paradox in September 2022 outlining a Phase 1 operation, producing an initial 13,074 tonnes per annum of Lithium Carbonate (Li2CO3) for the first 10 years of a 23-year operation. Anson has appointed global engineering firm Worley Group Inc. for the Front-End Engineering and Design Study for the proposed lithium carbonate processing plant, which is expected to be completed in Q4 2023.
Trident has a 2.50% NSR Royalty over any projects owned by Anson Resources within the Paradox Basin in the USA. The Royalty is tied to Anson’s ownership of the projects, and Trident is entitled to 2.00% of net proceeds from the sale by Anson of any projects in the Paradox Basin (with the Royalty terminating at that point)., located in the Paradox Basin in Utah, USA, is Anson Resources’ flagship project. Anson released a Definitive Feasibility Study for Paradox in September 2022 outlining a Phase 1 operation, producing an initial 13,074 tones per annum of Lithium Carbonate (Li2CO3) for the first 10 years of a 23-year operation. Anson has appointed global engineering firm Worley Group Inc. for the Front-End Engineering and Design Study for the proposed lithium carbonate processing plant, which is expected to be completed in Q4 2023.
Trident has a 2.50% NSR Royalty over any projects owned by Anson Resources within the Paradox Basin in the USA. The Royalty is tied to Anson’s ownership of the projects, and Trident is entitled to 2.00% of net proceeds from the sale by Anson of any projects in the Paradox Basin (with the Royalty terminating at that point). https://www.ansonresources.com/paradox_lithium_project/
Trident owns a 0.90% net smelter return royalty (‘NSR Royalty’) over the Antler Copper Project, operated by New World Resources, located in Arizona, USA. Trident owns a 0.90% NSR royalty over the tenement package owned by New World at the time of the transaction, which covers the copper rich polymetallic Antler Project and five named exploration targets. Trident also holds a 0.45% NSR royalty over any ground subsequently acquired by New World within 5km of the boundary of the project area royalty. The royalty contains two buyback provisions which allow for cashflow to be pulled forward, whilst allowing Trident to retain meaningful ongoing exposure to the project and exploration success. Furthermore, Trident has been granted a Right of First Refusal providing Trident the right to match any new royalty or streaming transaction until 12 months after commercial production at Antler. hThe royalty contains two buyback provisions which allow for cashflow to be pulled forward, whilst allowing Trident to retain meaningful ongoing exposure to the project and exploration success. Furthermore, Trident has been granted a Right of First Refusal providing Trident the right to match any new royalty or streaming transaction until 12 months after commercial production at Antler. https://www.youtube.com/watch?v=hOBvgsU_24c
Nevada USA.. Thacker Pass Lithium Royalty
Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident) over the Thacker Pass Lithium Project, one of the largest known lithium resources in North America. The project is 100% owned and operated by Lithium Americas Corp.The royalty provides Trident with attractive exposure to the growing lithium market, the demand for which is growing as a result in increasing demand for rechargeable batteries driven by the uptake in electric vehicles.
https://lithiumamericas.com/thacker-pass/overview/default.aspx
Sonora Lithium Royalty..1st September 2023. Adam Davidson, Chief Executive Officer of Trident commented:
"Trident is disappointed by the recent developments in Mexico announced by Ganfeng, Which add risk to the transaction in addition to the ongoing litigation in Alberta, whereby the validity of the royalty is being challenged. We were Cognizant of these risks at the time of the original transaction and Structured the deal accordingly to protect against both political and litigation risk, such that we may recover our initial $2.5 million secured loan.
Ganfeng indefinitely postpones Mexican lithium target date amid gov’t spat
https://www.mining.com/web/chinas-ganfeng-indefinitely-postpones-mexican-lithium-target-date-amid-govt-spat/
Adam Davidson, Chief Executive Officer of Trident commented:
"At the end of last year, we indicated that the market for royalties was becoming more active as projects looked for funding outside of traditional equity and debt markets. That has proven to be the case, with Antler marking our fifth transaction this year.
"This is a highly attractive royalty. The commodity mix complements our existing portfolio, with future-facing base metals to sit alongside our lithium, precious metals, and existing base metals exposure. The location and management of the asset are both excellent and we expect the royalty to deliver significant value for Trident shareholders."
I-80 Gold Offtake
Trident owns an offtake for a fixed number of ounces of gold produced from i-80’s Ruby Hill, McCoy Cove & Granite Creek. Trident is entitled to delivery of 37,500 oz of gold per annum in 2022 - 2023, with 40,000 oz per annum due between 2024 – 2028.
Victoria Gold Offtake
Trident owns an offtake for 25% of the gold produced at Victoria Gold’s Eagle Gold Mine up to 1,111,500 million delivered ounces.
The Eagle Gold Mine is Largest. Gold Mine in Yukon History.
https://vgcx.com/production/eagle-gold-mine/overview/
Blyvoor Gold Offtake
Trident owns an offtake for 100% of the gold produced, less any applicable streams, at Blyvoor Gold’s Blyvoor Gold Mine up to 2,700,000 million delivered ounces.
Blyvoor Gold is a South African gold mining company operating the Blyvoor mine on Johannesburg’s West Rand.
https://blyvoorgold.com/
Allied Gold ... Offtake
Trident owns an offtake for 50% of the gold produced at Allied Gold’s Bonikro Mine with no production or time cap on delivered ounces. Allied Gold has turned around the Bonikro mine since its acquisition in 2019, extending the mine life to seven years.
supported by gold Proven and Probable Mineral Reserves of 645,000 ounces (15.4Mt at 1.3 g/t), on a 100% basis, with
annual gold production of approximately 100,000 ounces. Ongoing drilling is focused on expanding and converting
the existing Inferred Mineral Resource targeting a mine life of over 10 years.
Operator...Silver Lake Resources. Sugar Zone Offtake.
Trident owns an offtake for 50% of the gold produced at Silver Lake Resources’ Sugar Zone Gold Mine up to 375,000 delivered ounces. Sugar Zone ... https://www.silverlakeresources.com.au/projects/sugar-zone
Equinox Gold delivers strongest third quarter on record for production, revenue and EBITDA. https://www.kitco.com/news/2023-11-01/Equinox-Gold-delivers-strongest-third-quarter-on-record-for-production-revenue-and-EBITDA.html
Equinox Gold Los Filos Offtake
Trident owns an off-take for 50% of the gold produced at Equinox Gold’s Los Filos Gold Mine up to 1,100,000 delivered ounces.
Equinox Gold RDM Offtake
Trident owns an offtake for 35% of the gold produced at Equinox Gold’s Santa Luz, Riacho Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Fazenda Offtake
Trident owns an offtake for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Santa Luz Offtake
Trident owns an off-take for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Greenstone Offtake
Trident owns an offtake for 100% of the gold produced up to 58.5koz p.a. at Equinox Gold’s Mercedes Gold Mine and Greenstone Gold Project until March 1, 2027.The Greenstone Project is 85% complete. A third independent quantitative risk assessment completed in Q2 2023 concluded that the Greenstone Project remains on schedule to pour gold in the first half of 2024.
Equinox Gold Producing Mines https://www.equinoxgold.com/operating-mines/
TRR is a sitting duck for a takeover at these levels. It's but a tasty morsel for the larger royalty companies and it provides significant long term exposure to lithium which most are underexposed to ahead of the energy transition.
I'm hoping the stock price bounces of its own accord because I believe the long term upside for shareholders is far greater as a listed stock...
Mexico has natio nalised the lithium but they don't have the money or technology to extract it. Only China has that.
Chinese say they will stay and develop the mine with a government partnership.
This investment may still come good.
I am invested in GROC. HAGWE
Interesting to read the recent posts here...company obvously operates in complex markets...and these posts are helpful..👍
Absolutely. Lithium and copper are (in my opinion) the safest bets as we move through the energy transition
The advantage of lithium investment is that it cannot be substituted with cheaper,.more effective and lighter alternatives.
Yes, graphite is an important constituent in battery anodes - and will undoubtedly result in an increased demand. My concern centres more around where it's sourced from and substitution options.
In the case of graphite as you know, the vast majority comes from China. Taking my non-mining hat off, that sort of supply imbalance generally results in a concerted effort (in this case from the West) to manufacture that particular 'problem' constituent out of future battery chemistries.
But the even more important aspect with graphite is the synthetic graphite option. Benchmark Mineral Intelligence estimate that by 2025 two thirds of the EV battery anode market could be served by synthetic graphite. So from the point of view of the West, the solution for the graphite supply imbalance is most likely here.. (see link below)
https://www.reuters.com/world/china/synthetic-graphite-ev-batteries-can-west-crack-chinas-code-2023-09-12/
Thoughts on Cobalt, anyone. Commodity to be in or not? . https://www.cobaltinstitute.org/essential-cobalt-2/#:~:text=Cobalt%20is%20an%20essential%20component,quality%20minimizing%20greenhouse%20gas%20emissions.
Cacher. I understand what you are saying & agree Uranium may be difficult to get into for now, as its flavour of the month " as they saying goes". I think Graphite prices are low at the moment & important commodity.
I think we need to be careful with picking up assets at the top of the market - relatively speaking. Cash - in the form of equity raising, is coming pretty easy to uranium companies at the moment, so royalty deals are likely to be less accretive in that sort of environment. Additionally, I can't imagine there's many old timers to approach that are sitting on legacy royalty claims in the uranium space.
As far as graphite is concerned - personally I'm not convinced, and I'm reasonably sure TRR would prefer to get exposure to metals that are traded on a recognised exchange - LME or alike.
I don't think royalty co's can go wrong with good quality copper exposure, and that's where if like to see them focus their efforts.