Member Info for ChameleonMan

The latest date is 3rd June as there are 4 bank holidays in Portugal before then. I would be surprised and delighted if the answer came in April (providing its positive!) but experience of this bureaucratic process suggests it won’t.

Discussions with local stakeholders will continue after submission during the 10 weeks APA has to decide. We may be in to June before our fate is finally determined.

Ah thanks -must have been distracted by something?!

Zooming in on the graphics on the left pic, it seems to be mostly about the rehabilitation of old mines - radium and uranium? No mention of lithium as far as I can see?

Yep that was me I’m afraid! I find with my new IPhone that an attempt to refresh the page with fat fingers can end up with skipping to another open page hence posted on here rather than ARCM. Thankfully the moderator was on to it and I didn’t get banned! Onwards and upwards for SAV today!

Fast approaching…Today 11:58
“The parties are currently closing out remaining due diligence, technical and structure issues which are expected to be concluded in the next few weeks. As such, the parties have therefore agreed to a short extension of the exclusivity period to 31 March 2023 to allow for final internal approvals and signing of the definitive Joint Venture Agreement and ancillary documents.”

Only 18 working days left to seal the deal!

On top of that JORC resource estimate is an 11-19Mt exploration target.

Some people adding 2+2 and getting 19? Wonder what will happen when we get real news of approvals and the rest?

Good find IB! Hopefully the strategic discussions will turn into actionable plans at some point?

Is this what you wanted?
“ A feature in Portuguese newspaper Público on Aurora's shareholder Northvolt's first gigafactory, in Northern Sweden. Northvolt aims to produce batteries with a 90% reduction in emissions, compared with Asian competitors. To achieve its goals, Northvolt counts on Aurora's lithium hydroxide – a critical material for the lithium-ion battery manufacturing industry. The gigafactory factory attracted a stream of qualified workers to Skellefteå, where it is located, reviving local life and promoting new businesses.”

https://lnkd.in/dV8GVtFE

“ In the Swedish gigafactory, where Northvolt is waiting for lithium from Portugal

The first European gigafactory began producing lithium-ion batteries at the end of 2021. The commitment is to reduce emissions by 90% when compared to the manufacture of a Chinese battery.
Share news
Northvolt's lithium-ion battery factory - Northvolt Ett - came to give a second life to 500 hectares of industrial land in the town of Bergsbyn, municipality of Skellefteå, Northern Sweden, just over an hour by plane from Stockholm and about two and a half hours by car from Haparanda, where the Tornio River marks the border with Finland.

Are they laying out this criteria because they don’t want to be shackled to an overly slow nascent European lithium mining industry?

Somewhat contradictory but it would seem that SAV would meet most of the conditions? What constitutes “significant mining works”? Drill core samples with lab assessments? Feasibility studies - PFS or DFS? They don’t mention proximity to the refinery but I would have thought that would count for something? Sourcing timelines is probably where we are weakest until of course APA lay the golden egg?

I’m sure that approval is going to happen. We just need to be prepared for a big show of dissent from the protestors - demonstrations, occupations, spurious legal challenges, sightings of the Iberian flying mole etc.

The only question mark for me is the inevitable challenge by protest groups that consultation has not been to their satisfaction leading to further delays.

Quite a nice strategic summary which I haven’t seen before but joins the dots very nicely.
“ Europe's 1st Lithium refinery in Portugal?
Savannah and Galp, in a consortium with over 15 entities, applied for the funds foreseen in the Portuguese Recovery and Resilience Plan (PRR) to proceed with a Lithium refinery in Portugal. Under the motto “Agenda CVB - Lithium Batteries Value Chain in Portugal”, the proposal of 981 million euros has moved on to the 2nd evaluation phase and intends to create in Portugal “a lithium hub covering the entire value chain of lithium batteries, from extraction, refining, cathode production, cells, battery assembly and battery recycling”. To advance this objective of developing the lithium value chain in Portugal, Galp announced a partnership with the Swedish company Northvolt, which together promise to invest around 700 million euros in what is intended to be the largest and most sustainable Europe's lithium conversion plant, with an initial annual production capacity of up to 35,000 tonnes of lithium hydroxide for batteries.
battery cluster
With Savannah among the group of founders, in June 2021 in Portugal, the Battery Cluster, called “BATpower”, was created with the aim of maximizing Portugal’s potential throughout the battery value chain in areas such as refining and recycling, component manufacturing, cells, control electronics and complete batteries, applications, integration and certification. Galp and Bosch are some of the companies that make up this cluster. Savannah recently announced that it had joined the first International Lithium Association, which will be based in London and will comprise the world's largest Lithium producers.“

Thanks for posting Starfox!

Spoke too soon “ Other opinions have shown that there will be a negative impact on the regional economy, calling into question more than 250 honey producers and their 120,000 beehives, and 300 producers of Barrosã meat.”

Should imagine the beehives are very portable and I wonder how much methane is produced by the “windy” cattle before they are slaughtered?

Surprised they haven’t found any endangered newts yet? WTF is a water mole?
“ It is enough for the Portuguese Government to turn a blind eye to the approximately 170 negative opinions that were sent during the Public Consultation phase of the Environmental Impact Study, when various entities and citizens warned of the impact that the project could have on endangered species, such as the river mussel, the water mole or the Iberian wolf. The Barroso mines will have an area of ??70 soccer fields (542 ha) that will be in the heart of the Barroso Agro-Silvo-Pastoral System, classified as a UNESCO World Agricultural Heritage Site.”

I think the answer is a week in Florida?

Following on from the Tesla news it seems their competitors are aggressively seeking out battery metal miners!
https://www.mining.com/web/tesla-gm-among-carmakers-flocking-to-mining-events-amid-battery-metals-scramble/

Kind of surprised that the local consultations are still pending but then the locals would be in no hurry to cooperate if they know a “tick-box” deadline is approaching?