The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Lithium Caesium Tantalum (LCT) pegmatite target areas have been identified in greenstone mafic-ultramafic rocks
within the Alien tenements near “hot” 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.”
ALSO
"The Project comprises 175km2 of prospective ground which comprises both granted mining leases and exploration licences"
I have the contact details at the ready :-)
https://www.stratstone.com/dealers/aston-martin-manchester/
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.
Prices for iron ore cargoes with a 62% iron ore content rebounded to $118 per tonne in May, the highest March, as increasing demand was met with uncertain supply. Fortescue noted that shipments for the year should be at the lower range of its guidance due to problems in key mines, limiting supply out of Australia. This coincided with robust global demand, as the latest data showed that Chinese steel exports surged by over 25% from the previous year in March to nearly 10 million tonnes, the highest since 2016. This was magnified by growth in foreign new orders for manufactured goods according to April’s official and private PMIs. Still, persistent concerns over the country’s property sector capped iron ore’s rebound. Beijing relaxed home purchase restrictions for the first time in 13 years to stimulate home buying, mirrored by the previously robust Chengdu market. While the changes may support properties in the near term, the increasingly desperate measures highlight consumer weakness.
https://tradingeconomics.com/commodity/iron-ore
Anglo American shares jump as Glencore eyes bid
UK-listed miner Anglo American jumped in early trading amid reports that Glencore is considering a takeover approach.
Anglo American shares gained 4pc amid speculation of a bidding war for the De Beers owner, which rejected a £31.1bn takeover approach from BHP last month.
Glencore has held internal discussions about a bid, which are preliminary at this stage and may not result in an approach, according to Reuters.
Https://errawarra.com/asx-announcements/
If you read their RNS's, they do communicate on a very regular basis.
I'm sure we will know something, hopefully positive by July