Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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@CJ thanks for the info.. but its clear that our own re-testing was either never completed / or it was never published.
Tbh i am not that bothered about it.. but your right that Errawara have thrown a fair bit into this given their financial position.. so they must be fairly sure they will find something..
Given Errawara financial position, the level of investment in this JV is a massive commitment.
They clearly feel very confident :-)
Lithium Caesium Tantalum (LCT) pegmatite target areas have been identified in greenstone mafic-ultramafic rocks
within the Alien tenements near โhotโ granites which are reported to belong to the Orpheus suite of rocks. These
same granites are associated with lithium pegmatite emplacement in the significantly mineralised lithium pegmatite
corridor located some 20km to the north
From Errawara RNS 28 April
"Having identified and confirmed a large pegmatite swarm on the tenements we will be moving quickly to determine the lithium potential of these pegmatites by way of systematic mapping and sampling and we would hope this will lead to drill testing of the pegmatites that prove to be fertile.โ
ALSO
"The Project comprises 175km2 of prospective ground which comprises both granted mining leases and exploration licences"
@all I dont think we ever had results of the Li re-tests ? there was talk of pegamite outcrops blah blah blah... but the test results were never published to my knowledge?
So you have to ask the question.. why would another skint explorer stump up chunky $500K to search for Li exclusive if nothing had ever been found ? Clearly the re-tests must have had enough of an indication of Li for this deal to have ever got off the ground.. if they were all dusters why would anyone bother ?
I really dont know.. its another UFO mystery.. this company really does have the correct name
Napth but why where they re-testing cores only because of the andor discovery and a sort of moon shot. I am not suggesting its bad to have done this , anything at this point to drive SP upwards is smart play. With the jv being for Li only its not terrible as I once thought. Hopefully they end up drilling and we can get some real numbers..
They were re-testing the cores, and then months and months later a jv, yes its not the main focus but it was defo on the radar
It wasn't really on the radar until other companies releases discoveries in the general area. Now everyone looking to see what they have hoping to be the next Li play. Don't get me wrong I'd love if we had Li but the wealth of this company as I see it us in iron ore mainly because it's obviously we have so much of it . It's not speculative
Never got the impression it was being taken seriously. Sure, it's recorded in the December 2023 slide presentation but focus was more on PGMs and Elizabeth Hill. I note that neither of the Q1 objectives for the Pinderi Hills site (including Elizabeth Hills) have been accomplished.
Was lithium not on the Alien radar ๐ i think it was my friend
.18 feels like its going to break
hi ****nalles - the recently announced jv was specifically for lithium which has not really been on alien metals' radar until now. as its value is unknown, it's fair to say it's not currently reflected in the sp. however, errawarra has said that it is moving quickly regarding sampling so, hopefully, there will be good news later in the year. meanwhile, we await futher announcements on hanc**k and on pgms at pinderi hills.
Morning all
Not on here much so not up to speed, does anyone have any idea how much the JV could be worth to us and hopefully itโs reflected in the sp
Cheers in advance
Maybe but we havent had the usuals leaky ship or maybe thats because we found the info first
We will know days before the rns if recent past is anything to go by
Its has to drop, they were waiting for the mining licenses, last bit of negotiations, now paperwork at solicitors being checked over ready to sign all IMO but i think its very likely
I hope you are right Nap, to have news of a Jv this week or next would be fantastic ,we live in hope but if we do get it with all the details and the share price does not rocket ,I really will be a Moonmonkeys Uncle.
RNS Thursday with all details and progress to date
I have the contact details at the ready :-)
https://www.stratstone.com/dealers/aston-martin-manchester/
We should be nearing a conclusion on any negotiations
Napth
Yes it probably was.
But it will have focused the minds of our neighbours who would value the access through our tenement
Cj imo that was used as leverage but lets see
Yep i think its coming very soon
Gla
It would be useful for some clarification of AA position.
They have two bid interested parties, which makes the JV with ourselves a very low priority from their point of view.
I do hope this does not cause any delays in our decision making.
" A number of proposals on the table, which are under review "
Let's hope all will be revealed soon :-)
Ha napth you forced me to relisten