Member Info for Dicko80

Yes bee. Saying it for a while… there is huge upside potential through additional exploration

The geo map I posted shows our licence is in prime position , 2 trends on pegmatites running through our licence

https://www.intermin.net/pdf/Lithium-Projects-MALI-SJR.pdf

Who knows what the total resource is

But once in production LOM will be much longer than 8.5 years

Big dividend for 20 years !! How does that sound ?

Buy and hold

updates on a number of fronts due

Dabakala Concession

· Geochemical sampling continues to return high grade surface samples at new discovery zone.

o New assay results up to 1.97g/t gold

· Infill sampling has confirmed continuity of high grade gold anomalism extending for over 11km and surface width up to 3km.

o Multiple trends are interpreted relating to geological structures and contacts.

· Field reconnaissance and mapping of artisanal working has been completed.

o Check sampling confirmed previous high grade surface samples with check samples of an initial 2.1g/t sample returning values of 4.2g/t gold and 3.5g/t gold

· Aircore drilling rig retained to undertake first pass testing of this high priority area with drilling expected to commence from 21 June 2021.

……………….

· RC drill rig secured for the Fatou Prospect in Mali with drilling expected to commence before the end of June 2021, allowing for initial confirmation drilling of this previously reported resource prior to the annual rainy season.

……………

The next phase of exploration at Nielle will consist of additional RC drill testing targeting the defined gold mineralised zone and further aircore drilling targeting the surface geochemical anomaly and geological targets. Drilling is anticipated to commence in September when a drill rig becomes available.

………..

Bougouni ML

……….

Very busy and exciting times

GL all

Watching interviews with Bernie ref gold sounds like he’s looking for deals either Jv or outright sales for the gold projects

We know there has been mention of interested parties

Yes in auction @ 0.38p

Big players only look at projects of 1 mill resource

The more I look through the 8 ! Gold projects the more I like

I think the potential is multi million oz deposits , large scale

Revenue per year would be $558m per year

Just think of the divi per year

Potentially for many years !

Get em in your ISA

Buy and hold before the crowd appear

Sale price $2240 as of today’s auction price gives an NPV of

3 billion $

Based on that sale price

Revenue per year is a massive $495 million based on proposed 220k t pa not the enhanced recovery produced rates

BUY !!!

https://www.indmin.com/Article/4007641/Bids-reach-2240dmt-during-Pilbara-Minerals-second-spodumene-auction.html

Thanks daz,

that’s quite staggering !!

Best update my spreadsheet !!!

Stand by your beds…

Fill your boots

Dropped the bid and offer this morning but couldn’t buy any big quantity , taking a few weak holders and up we go

I’ve watched numerous interviews with Bernie, he always comments about this project t and “how he likes it” so I’ve had a look what he’s referring too

North trending zone extending for over 9km in strike and up to 1km wide. Assay values are up to 2.1g/t gold and the anomaly is associated with an interpreted geological boundary between granitic units and Birimian greenstone sequence.

· North-east trending zone extending for over 11km in strike and up to 1km in width. Results in the north-east trend include assay of 6.14g/t gold and 1.54g/t gold. The trend is associated with an interpreted shear structure and structural complexity.

· A conjugate structural zone trending to the northwest is interpreted, extending for over 6km strike and is a joining structure between the two main orientations.

……

WOW that’s potentially huge

Now I understand

https://www.intermin.net/pdf/Lithium-Projects-MALI-SJR.pdf

Have a look at this geo map

Look at the key bottom left

Look at Biriman resource , licence area and size

Look at intermin licence areas “Two world class”
Look at the size of the licence
Look at the exploration target

Look @ kodal licence

Note size compared to the other two

Note the key bottom left

“Trend of pegmatite “ not just one on trend but two bang on trend running through our licence

What is the total resource potential here….

We look to have only scratched the surface here ..

Remember our current confirmed resource is from just 3 of 15 targets

“A picture is worth a thousand words”

Lithium demand will grow 20% each year until 2030; Is it the next oil? Chris Berry

Kitco NEWS13,226 views8 Sept 2021
Electric vehicles (EV) are growing fast, challenging the conventional petrol vehicle industry.

Within the EV sector, lithium is one of the most indispensable metals, said Chris Berry, president of House Mountain Partners.

Speaking to David Lin, anchor for Kitco News, Berry said that "the reasons why [lithium] is growing so fast and that investors are latching onto it is because it's probably the one battery metal, the only battery metal, that is really not substitutable."

Demand for lithium is expected to grow at a compound annual rate of 20% from now until 2030, Berry said.

But will it be as important as oil in the coming decades?

https://m.youtube.com/watch?v=nepfM0_j2so

Let’s be clear …

The market only has the DFS that was issued previously

Which is NPV $300m

Maybe they will issue a revised DFS once licence is confirmed to include the improved recovery rates and new sales price

Market valuations are always discounted , value creation should happen a long the road of explorer to producer , I would say we are at “feasibility” stage , next stop producer

One other thing to note was the agreement to share infrastructure with our neighbour , potentially this would reduce capital costs from the stated $117m , again helping economics of the project

For clarity the potential revised NPV $1.1 billion, google saying it’s c£795m, equates to around 5p

https://www.google.com/search?q=%241100000000+to+gbp&client=safari&sxsrf=AOaemvKkW2bvhPYxdIHl5PAFl_jA7pAGnw%3A1631298993273&ei=saU7YeaREJaX8gL5k7qQDA&oq=%241100000000+to+gbp&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAM6BAgAEEdQsTFYsTFg6DNoAHABeACAAUyIAUySAQExmAEAoAEByAEGwAEB&sclient=mobile-gws-wiz-serp

The BOD will have this is hand when negotiating with potential JV partners , they’ll know the truth worth

Exciting times ahead

the initial Feasibility Study and indicates upside on the Project's economics.

.......................................

so using snippets of updated info

increase in sales price
increase in recovery rates

current NPV

$1.1 BILLION

DFS, NPV, 220,000 t, sale price $680, costs $466

YEAR PROFIT NPV CALCS CAPEX npv7%

1 47080000 $44,000,000.00
2 47080000 $44,000,000.00
3 47080000 $44,000,000.00
4 47080000 $44,000,000.00
5 47080000 $44,000,000.00
6 47080000 $44,000,000.00
7 47080000 $44,000,000.00
8 47080000 $44,000,000.00
8.5 38520000 $36,000,000.00

$388,000,000.00 $117,000,000.00 $271,000,000.00 NPV

DFS, NPV, 220,000 t, sale price $680, costs $466 +2% increase year on year

1 47080000 $44,000,000.00
2 50072000 $46,796,261.68
3 53123840 $49,648,448.60
4 56236400 $52,557,383.18
5 59411000 $55,524,299.07
6 62649400 $58,550,841.12
7 65953800 $61,639,065.42
8 69322000 $64,786,915.89
8.5 59529600 $55,635,140.19

938538040 $489,138,355.14 $117,000,000.00 $372,138,355.14 NPV

TODAYS SALE PRICE , +2% year on year

YEAR

1 113080000 $105,682,242.99
2 117392000 $109,712,149.53
3 121789800 $113,822,242.99
4 126275600 $118,014,579.44
5 130851600 $122,291,214.95
6 135517800 $126,652,149.53
7 140280800 $131,103,551.40
8 145136200 $135,641,308.41
8.5 122799600 $114,765,981.31

1153123400 $1,077,685,420.56 $117,000,000.00 $960,685,420.56 NPV

TODAYS SALE PRICE , +2% year on year, increased recovery rate 83% vs 71%

YEAR

1 127986000 $119,613,084.11
2 132866400 $124,174,205.61
3 137843910 $128,826,084.11
4 142921020 $133,571,046.73
5 148100220 $138,411,420.56
6 153381510 $143,347,205.61
7 158772360 $148,385,383.18
8 164267790 $153,521,299.07
8.5 143552732.4$134,161,432.15

1309691942 $1,224,011,161.12 $117,000,000.00 $1,107,011,161.12 NPV

26TH August RNS

In addition to advancing the mining licence application, we have continued to review our proposed mining and processing operation for the Bougouni Lithium project.
The focus of this work has been on defining improvements in the processing flow sheet to lead to an expected increase in the metallurgical recovery of the lithium bearing spodumene minerals.
This has a significant impact on the profitability of the proposed operation and this review work continues to indicate a very robust project.
https://ir.wrendesign.agency/kodal/regulatory-news/news/399
https://ir.wrendesign.agency/kodal/regulatory-news/news/283
22nd July 2020 RNS
In May 2020, Kodal received results of the processing of its bulk sample, with over 800 tons of pegmatite hosted lithium mineralisation collected from the Ngoualana prospect within the Bougouni Lithium project.
The testwork has returned very encouraging results confirming a high-grade, low impurity spodumene concentrate from the mineralised sample.
The results of the testwork demonstrate a metallurgical recovery of up to 83% for a 5.5 % to 6.0% Li2O spodumene product.
This recovery is significantly higher than the 71% recovery used in

I’ve been updating the NPV from the DFS with current info

When I get chance I’ll update with a detailed post but the numbers are quite staggering

STRONG BUY

Looks like the traders are out , looks a good entry or top up

I’ve added another chunk

News expected shortly term on a number of fronts

GL all