focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
For those who have not seen this! George Roach stockbox https://twitter.com/stockboxmedia/status/1370418349096595459?s=21
George Roach stockbox https://twitter.com/stockboxmedia/status/1370418349096595459?s=21
https://www.mining.com/global-lithium-demand-expected-to-double-by-2024/
Wow just wow....how big... So if we assume the 160mt's is about right. LCE prices are currently about $10.5k/t and the conversion factor to get from LCE to Li2O is x 2.473. So for ease of maths let's say the current Li2O price is $25k/t. That would give Zulu an “in-ground” value of 160m x 1.06% x $25k which is $42.4bn. It’s worth reiterating as I've used it later. $42.4bn!
The largest hard rock lithium resource in the world is owned by AVZ Minerals in the DRC and it’s resource there was increased to over 400mt's u/1.66% Li2O last December giving it an ”in ground” value of $166bn. Some 4x higher in value than Zulu’s in estimation.
Zulu is often benchmarked against Pilbara's mine in Australia too given it's of a similar size with similar grades. But Pilbara is three years or so ahead of Zulu and is in production now. It's resource is 216mt's @ 1.13% Li2O or something like that. So it's “in ground” value is $61bn just less than 50% higher in value than Zulu.
All very interesting. As is the fact that Zulu’s Lithium is very high quality. It has a very low iron content which sets it’s above most of it’s piers in the space. For that reason it’s sure to be highly sought after come the day.
These mines are massive and highly profitable by any measure. Pilbara's original mining plan was to produce over 300kt’s of battery grade Spodumene from a ROM of 2mt's/annum giving the mine a LOM of over 20 years. But that's now been changed. Pilbara have doubled the ROM to 5mt's/annum and to catch the current market outlook I presume. It’s market cap from producing 300kt’s of Concentrate is $1.2bn albeit it’s All in Costs are likely to be higher than Zulu’s which bodes well and is very interesting too.
Now here's the sting in the tail. Well for other miners at least. Prems EPO application increases Zulu's mining area from 350ha currently under license to over 22,000ha. That’s 57 x bigger!
There will be a joint venture or farm in which will lead to carrying out the pre feasibility study over a 14 month period to find the scale of the resource in Zulu before mine building and ultimately mining begins!
Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company holds 5,010,333 shares in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset.
In addition, the Company holds a 19% interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.
22 February 2021
Premier African Minerals Limited
("Premier" or the "Company")
Appointment of New York based EAS Advisors LLC as US corporate advisor
Premier African Minerals Limited ("Premier" or the "Company"), is pleased to announce the appointment of New York-based EAS Advisors LLC ("EAS") as its US corporate adviser, primarily to assist with introductions to institutions and funding to enable the Company to proceed with development of its current mining and exploration projects in Sub-Saharan Africa, in particular a Definitive Feasibility Study ("DFS") at the Company's Zulu Lithium project in Zimbabwe ("ZULU").
Founded by Edward Sugar in 2008, EAS is a boutique global advisory firm focused on helping early stage mining and industrial groups access US and international financial markets and institutional capital.
Having participated in over US$6 billion in transactions since inception, EAS has been instrumental in a number of financing arrangements and has a sound record for backing early finance deals for a number of natural resource focused companies.
George Roach, Chief Executive of Premier commented:
"I'm delighted that we have brought on EAS as our US corporate advisers. We're looking forward to working with them as we develop our US profile and take significant steps forward in the development of ZULU."
EAS founder, Edward Sugar said:
"With ever increasing EV demand the need for development of lithium projects becomes more essential. We're looking forward to working with the Company regarding its ongoing finance, particularly regarding the Company's Zulu lithium project, as well as lifting its profile in North America."
PREM - EPO is so much more than just Lithium:
Greenstone belts in Zim said to be the richest in Au on Earth
Gold will be mined by default as a secondary metal whilst extracting Li
Additional Licenses for:
Lithium
Copper
Gold
Tantalite
Tungsten
Molybdenum. potash at Circum
This is money article
Good exposure
https://www.thisismoney.co.uk/money/markets/article-9355529/SMALL-CAP-MOVERS-Avacta-leaps-test-detects-new-Covid-variant.html
George Roach stockbox https://twitter.com/stockboxmedia/status/1370418349096595459?s=21