BMW invests $11 billion in Li batteries21 Nov 2019 21:46
https://insideevs.com/news/383667/bmw-ordered-battery-cells-over-11-billion/ "The BMW Group will source the cobalt needed as a key raw material for cell production directly from mines in Australia and Morocco and make it available to CATL and Samsung SDI. The same applies to lithium, which the BMW Group will also source directly from mines, including from Australia. This gives the company full transparency over where both raw materials come from. Compliance with environmental standards and respect for human rights have the highest priority. ”
Looking forward to hearing news of an offtake deal direct with BMW in due course!
I’m with you there. I’ve added some 750,000 over the past couple of weeks at these bargain prices. Very encouraged by the Crux interview and the comments from a major that these were the best early exploration results to have come out of a copper tenement in a long long time.
RE: Broker Note /Takeover Target ?19 Nov 2019 14:07
Quote from the NvS CRUX interview “They (the major mining companies) might take ARC out tomorrow morning” Mentioned as just one option but any major listening would get the message that he is open to many inward investment options up to and including a full buyout?
Interesting EV demand curve and as he says not all lithium mined is of suitable battery grade for now or the future even tighter EU standards. Looks like that new EU standard will be built around the output of MdB which will put us in pole position.
Was surprised that this justified an RNS but it is a fairly comprehensive section. Worth noting the EU Li initiatives SAV is involved with:
“ Savannah’s Mina do Barroso project has been chosen as the pilot mining project for evaluation to achieve the CERA standard”
“Savannah is a project member of the EIT Rawmaterials’ LiRef project. The project is validating two conversion processes with the target to develop one robust and flexible process transforming spodumene concentrate into battery grade lithium chemical. It aims to foster the development of a sustainable European value chain”.
From the August 2017 RNS: “ The conclusion of the PFS is an important strategic milestone, as on delivery of the completed document Savannah will have earnt a 35% interest in the Mutamba Heavy Mineral Sands project, which is one of the largest undeveloped mineral sands deposits in the world.” WILL HAVE EARNT! No ifs no buts!
This statement greatly increases the attractiveness and value of the MdB project: “ Geometallurgical modelling highlighted that c.93% of the global Mineral Resources for the Project are considered fresh mineralisation
· The predominance of fresh mineralisation provides a significant advantage to the Project as it would allow bulk mining techniques to be used, which limits dilution or contamination
· The lithium concentrates produced from all deposits have low iron and impurity levels making for a very saleable concentrate
Couldn’t agree more! For some the only RNS that would seem to satisfy would be “ forget the detail, you’re all rich!” Excellent quality ore will attract the battery makers and vehicle producers alike. This is setting up nicely for commercial development.
Did it happen? Not a tweet to confirm. Mining operations in Portugal are becoming political hot potatoes due to unpopularity with local voters/ residents. For a minority government it won’t do to be too much in favour and it would seem that this political strategy has been working quite well - “According to a story published in Weekly Visão on September 12, 2017, dozens of licensing applications over the years have led to nothing, as no new mine has been opened in Portugal for 30 years. “ It’s quite an advantage for SAV to have a license in force much to the envy of the likes of Fortescue awaiting the delayed auction that is promised by the year end but shows no sign of happening?