Member Info for Barksy1

Emh news next ....we've got 19.01 % of them....;)

No

First paragraph translates to:
In Saxony and the Black Forest there is a gold rush atmosphere. Because it beckons the big business with lithium. The raw material is needed for the production of rechargeable lithium-ion batteries, which are installed in most electric cars. That's why two German pioneers set out to find the precious commodity. One - Wolfgang Schmutz - runs a company based in Zimmern ob Rottweil in the Black Forest. He wants to win lithium in Bolivia. The other - Armin Müller - is managing director of a company that would like to drive underground even in Germany.

Tobias Schrörs
Tobias Schrörs
Volunteer.
F.A.Z.
Twitter
Zinnwald-Georgenfeld is located on the German-Czech border, south of Dresden. Here, the German lithium would like to continue the history of Saxon mining. "Until 1945, tin and tungsten were mined at a depth of about 60 meters," says managing director Armin Müller. In parts of the old tunnels and deep below, Müller wants 1800 tonnes of pure lithium to be extracted every year. Measured by the global lithium production of about 69,000 tons of pure lithium, which, according to an American agency, was posted in 2017, that's not very much. But even small quantities should be in demand in the future.

Well done Frankie, I was hoping someone would ask :)

Macarthur’s extensive Pilbara lithium portfolio's JV partner, Fe Ltd, outlines big plans for the areas in it's latest Corporate Presentation.
bit.ly/2JTYAqb
@JoePhillips_MMS @CamMcCall #lithium #lithium battery TSXv-MMS OTCQB - MMSDF #ASX - FEL

https://www.felimited.com.au/wp-content/uploads/2019/05/015-Presentation_May-2019_FEL_FINAL280519.pdf

COde 1 on Cadence and bcn this mirning

I wonder who is involved with solarworld :)

Hmm, that's close to the amount Bcn needs to buy ZINNWALD off Solarworld....imminently isn't it?

Morning Frankie, always awake early especially in summer ... yes, birds, light dog age :)
Mr Trump is sticking his oar in this morning I hear ref Mexico....
https://www.bbc.co.uk/news/amp/world-us-canada-48469408
Maybe he needs a slice of the Sonora cake too !

‘With almost 30,000 tonnes in #nickel resources presenting a
headstart for the explorer, $AOU.AX chief executive Aidan Platel said nickel’s re-emergence as a globally significant commodity inspired the purchase. More via Kalgoorlie Miner ow.ly/gjDD50utnFd #ASX #mining $AOU’

https://www.aurochminerals.com/wp-content/uploads/20190530-AOU_KalMiner_Merged.pdf

If I remember we have got 6% ~

Try this link

https://mastermines.global/articles/lithium-eye-of-the-storm-for-investment/

Up over 17% overnight. 10% yesterday ....rare earths rock atm :)

Galaxy (OTCPK:GALXF) SDV - Posco (PKX): Galaxy sold its northern tenement package in the Salar de Hombre Muerto to Posco for US$280m. The tenement package contained 1.58MT LCE of JORC compliant measured and indicated resource.

LSC Lithium Corp (OTC:LSSCF) - Pluspetrol: Pluspetrol acquired 100% of the issued and outstanding shares of LSC for C$0.6612 a share, the all-cash consideration total consideration was approximately C$111m. This represented a 30% premium to the 30-day VWAP. Whilst some commentators felt this undervalued the company the reality is that LSC had only completed a high-level PEA on its main project, Pastos Grandes.

Lepidico - Desert Lion Energy (OTCPK:DSLEF): Friendly merger between the companies whereby Desert Lion shareholders receive 5.4 Lepidico shares for each Desert Lion share.

ALB (ALB) - Wodgina Mineral Resources (OTCPK:MALRF): Albemarle paid US$1.15bn for a 50% JV stake and 100% marketing rights for Wodgina. The estimated all-in cost to install Albemarle's 50,000T share of hydroxide capacity at the project is approximately US$2bn or US$40,000/t. Albemarle has immediate marketing rights to Wodgina's spodumene concentrate output whilst the JV deal is being finalized.

Wesfarmers (OTCPK:WFAFF) - Kidman Resources (OTCPK:KDDRF): Wesfarmers has bid A$1.90 a share for Kidman, A$776m. Kidman owns 50% of the Mt Holland project with JV partner SQM. The project is expected to produce ~45,000T of hydroxide, commissioning is targeted for 2021. Including capex but excluding non-core assets, the estimated all-in cost to install Wesfarmers 22,500T share of hydroxide capacity is US$37k-US$40k/t. It should be noted that the Mt Holland deposit has a resource of 189MT at a 1.53% grade (2nd highest after Greenbushes). Given the extent of the resource, the JV could expand production to well beyond 45,000T p.a.

Mt Marion - Ganfeng, Min Res from Neometals (OTCPK:RRSSF): Mineral Resources and Ganfeng Lithium purchased Neometals' 13.8% stake in Mt Marion for A$103.8m, making the parties equal 50% shareholders. Neometals retained the right to buy spodumene concentrate at market prices. The implied valuation is US$11,600/t of installed production capacity.

Ganfeng (1772 HK) - LAC (LAC): Ganfeng is making a project investment and increasing its stake in the Cauchari Olaroz project (25,000T p.a.) from 37.5% to 50% for US$160m. The JV is looking at the prospect of raising production to 40,000T p.a.

Ganfeng (1772 HK) - Bacanora (OTC:BCLMF): In discussions for Ganfeng to buy 30% of Bacanora for £14.4m and

Tianqi (2466 SZ) - SQM (SQM): Tianqi purchased a 23.77% minority stake in SQM from Nutrien Ltd (NYSE:NTR) for US4.07bn or $65 a share. The deal gave Tianqi 3 independent board seats but no access to asset level cash flows, only SQM dividends.

Cheap or what?

https://seekingalpha.com/article/4265748-lithium-industry-m-update

Well that's the point, we still haven't heard if there has even been an outcome yet. But 3% represents a very large chunk of money and could be a deciding factor of how Bcn proceed.

I also wonder if their decision to go down certain routes is influenced by the still unexplained decision of the courts in respect of the 3% owing to the Colin Orr Ewing estate. Any thoughts on this anyone?

Yes, that is probably why HAS is up 10% overnight on Asx.

https://www.asx.com.au/asxpdf/20190528/pdf/445f0bvxgpb4qf.pdf

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=