Member Info for Coyote2020

Good interview.
If your looking for exploration, it's all here.

Was Oiltrap pushed or did he go of his own accord?

Certainly a lot of interest in Indonesia and Kalimantan now and going forward.
The Government is to relocate their Capital City on the island and has set aside US$33B (pre - pandemic figure) for infrastructure and associated works.
It has plans for a Green Industrial Park in the north east to include 5 hydro schemes and solar park providing the power, could employ 200,000 people and has secured the funds (US$130B) to build it.
The two largest battery manufactures in the world are looking to invest US$9B a piece building new factories somewhere in the country and create a world battery hub.
Elon Musk is actively looking for nickel with a view to either invest or acquire a mine or processing facility in the region.
KSK CoW is centrally located in Kalimantan offering copper, gold, silver, zinc, lead and construction ready (less the borrow to use permit - under application).
Right time, right place?

Can only be a matter of time. JLP have their own zinc dumps/tailings on site waiting to be processed. The plant used to be called Sable Zinc.

Possibly, but with only 4 km (main gate to main gate) approximately, Plan B must be far more lucrative.

It seems the zinc circuit to be brought back on line at Sable was broached at their GM recently. No time-line given but said there were a number of third party suppliers (ore feed) waiting for it to commence.

If Columbo was heading out to Africa for the adventure of a lifetime and on his way to the airport stops off at a Motorway Service Station for refreshment only to discover the vending machine was out of Mars bars, he would phone in and say.......

The Chinese have just spent 400+ million on a Lithium Mine in Zimbabwe.
Maybe times are a changing.

Dyor.

Missed out Shinganda.
186 sq km of un-tapped ground in North West Zambia.

Dyor.

Sandfire are spending 4 million on copper/silver in the KCB, Geoquest are spending 1.5 million on lithium and gold in Zimbabwe, Addison are adding value at Luansobe (copper and cobalt?), a zinc circuit brought back into operation at the Sable Refinery would kick-start Kas hitu.

5 million or so coming-in from the Glenover sale soon, will no doubt inspire more deals similar to the above.

Anglo American buys into ground in Zambia, the first time in 20 years and is rumoured to be eyeing a bid for Khoemacau in Botswana.

What is there to dislike?

Dyor.

Is it fair to say therefore, there is lithium and there is lithium?
Meaning some lithium deposits may make the grade but because of other components, constituents and considerations within the ore and are less amenable to processing or are less fitting to the preferred end use, are classed as 'off spec'. Whereas, lithium of the same grade but classified as technically superior and more suited to the purpose, attract a premium price.

Dyor.

Addition - Chile is under Constitutional reform.

Mexico is working with the governments of Argentina, Bolivia and Chile to create a lithium association so the countries can share their expertise and exploit the battery metal.

Described as the 'Lithium Triangle' the region contains nearly 56% of the world's lithium resources.
Bolivia has the largest resource but has minimal production.
Chile has the 3rd largest resource and is the 2nd largest producer.
Argentina is the 4th largest producer but has been held back for years by red tape, high tax rates, rampant inflation and currency controls.
Mexico has just passed a bill to nationalise the lithium metal industry.
Zimbabwe (posted before) is the world's 5th largest producer.

Dyor.

Good times are ahead for producers of lithium, the battery material that's key to the electrification of transport.

Albemarle the world's No 1 Miner of lithium boosted profit forecasts for the year as prices soar due to demand for electric vehicles. The 3rd largest miner of lithium did the same. The popularity of electric vehicles has driven prices for battery metals sharply higher sparking fears of shortages of the metal.

Lithium supplies are of a concern because there is no substitute in electric vehicle batteries. Lithium prices have more than doubled in the first four months of this year after surging 280% last year.

Albemarle raised it's profit and sales guidance for the year. Livens almost doubled it's earnings guidance on higher price assumptions for the year.

For the relevance and therefore the possibilities for Galileo with it's recent investment in the lithium battery metal space, see previous post.

Dyor.

DOID US$50m contribution must come from somewhere. The final stage with DOID's bank signing it off?

Out of DOID and Asiamet's hands to a degree perhaps. Due diligence is with the Bank and ITE as I understand it, both new to the situation, both with their own time frame and neither in any hurry to mess up.

A portfolio in itself with copper, silver, zinc, gold, rare earths/phosphate and now lithium.
Pure lithium plays such as IronRidge (now Atlantic Lithium) having divested/demerged their gold assets have done rather well since a 7p/sh raising not so long ago. Bradda Head IPO'd in July last year and at one point, has more than trebled in value.
Kamativi Lithium Project (Sinamatella) is situated adjacent to and along strike from the Kamativi Tin/Tantalum Mine. From a recent discovery within the tailings, lithium is also present.
Bearing in mind they were mining for tin with no interest in lithium, Chimata drilled the mine tailings extensively 70% of which is spodumene for a resource estimate of 26mt @ 0.58% Li 2o (range 0.29% - 1.13% Li2o). Using a Heavy Liquid Separation process, concentrate of 96% spodumene (6.68% Li2o) was produced for a saleable product.
The Sinamatella Exclusive Prospecting Order (EPO) of 520 sq km also has a redundant copper mine with other copper showings purporting to be of VMS type or style. Mapping and soil sampling is underway with a view to early drill testing.
Zimbabwe is the 5th largest producer of the metal in the world. The Government has listed lithium as a key material to drive the industry from US$3.6B today, to US$12B in 2023. The country has seen next to zero greenfield exploration since the 1980's. A framework of EPO's (maximum 650 sq km) depicting each mineral is 80% complete and a Mining Cadastre (Trimble) is under construction.
EPO 1782 was granted in March'21 to Sinamatella, a subsidiary of BVC. Geoquest, the Geological Consultants are based in Lusaka with representation in the DRC and Zimbabwe, established in 2000 and have knowledge of the locality. Cordoba were the financial backers, I assume.
A deal or venture sometime in the making, where Galileo appeared on the scene at 'the right time and right place' imo.

Dyor.

From a another perspective, MTL's board all have financial/investment backgrounds. A gold mine producer, with some debt and circa £40m in FCF/Yr.

Well done Ella,
Kapore, also with licences in the KCB, and their shareholders recognising the significance of a Major buying into the region.

Anglo American could be on the cusp of making a bid. Listed in the US, London and South Africa.