Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
For those unable to watch on a screen (at work, driving, etc) there is a dial in number available and a code, enabling you to listen on your headphones or wireless earbuds (one will suffice). I am at work and will be doing that.
I forsee a very hefty meeting with all these presenting today!
Marketing & Communications Manager
COO
Chairman
FD
CEO
Investors can sign up to Investor Meet Company for free and "Add to meet" Atlantic Lithium via the following link:
https://www.investormeetcompany.com/atlantic-lithium-limited/register-investor
The Chairman and CEO are confident of cash up front from offtake agreements, just listen carefully to what they say on the recent interviews. If in any doubt just ask them in the IMC call at 2pm today if they are confident of cash up front.
Neil Herbert of Atlantic Lithium: Ewoyaa Definitive Feasibility Study shows we have Best in Class Project
Vox Markets Podcast. 07:27, 30th June 2023
https://www.voxmarkets.co.uk/articles/neil-herbert-of-atlantic-lithium-ewoyaa-definitive-feasibility-study-show-we-have-best-in-class-project-a77252d/
"Conclusion: Management have worked fast and hard to produce a comprehensive Definitive Feasibility Study for the Ewoyaa lithium project which optimises and extends the PFS published last September.
"We see Atlantic as probably the world’s most promising, undervalued, near-term, hard-rock, lithium mining project.""
That is what Broker SP Angel is currently telling the ii's. "undervalued" and that was before today's drop.
I'll be buying again soon. I'm just drawing down 25% of three old pensions (quite a lot of money total) and will be reinvesting in stocks, as my investing has massively outperformed those pensions. It really makes me wonder what we pay them for when I can do a way better job of it in my spare time than they can doing it as a full time job.
To clear up a point raised a week or two ago.
PL3/55 Mankessim 74.67 Km/2 holder Barari DV Ghana Ltd
PL3/109 Mankessim South 13.02 Km/2 holder Green Metals Resources Ltd
"The Project intends to transfer a portion of tenement PL3/109 from Green Metals Resources Ltd ("GMR") to Barari to enable Atlantic Lithium to apply for a single Mining Lease covering the Project area."
PL3/102 and PL3/106 are the Joy Transporters licences and are definitely NOT part of the mining licence application.
As far as upside potential goes, the 102/103 Lithium licences cover 136.23 Km/2 versus the combined 55+109 licences at 87.69 Km/2.
This means that if the two Joy Transporters licences (which are next door apparently) have the same level of Pegmatite, we are looking at a 155% resource increase in the future. And there is still talk of doubling the reserves at 55+109 to 70Mt, which would mean the JT licences looking at 108.5Mt and the combined four licences hitting 178.5Mt.
Atlantic Lithium has identified an opportunity to conduct early processing operations using a modular DMS processing plant and contract crushing services. The early production will precede the primary processing plant by nine months.
The pre-production flowsheet design criteria are as follows:
- 600,000tpa ore processed, with the DMS plant treating 375,000tpa after fines are removed; and
- The modular DMS plant will be operating at 80% utilisation for a feed rate of 50tph.
The contract crushing provider will crush ore to a top size of 10mm. The DMS feed material will be screened at 3mm to produce DMS feed (-10mm+3mm) and a fines stream (-3mm). The DMS plant will produce a spodumene concentrate, along with the deslimed fines as a secondary product for sale.
The DMS plant will be two-stage single size fraction process all using conventional DMS equipment. Grits and fines generated in the process will be thickened and filtered to produce a dry tailings which will be stockpiled along with the middlings.
The crushing contractor will provide an all-inclusive crushing service. The Modular DMS plant provider will supply experienced labour to commission and operate the processing plant for the first three months. A small team of Atlantic Lithium operations personnel will be recruited for operation of this plant to be trained and become familiar with DMS operation, and will later transition to the primary processing plant when the primary plant begins production.
The 19 months payback is just, as stated, and indicator. That is not likely to be how it's done though and hence isn't stated as that.
With a mine life of 12 years, for tax and cash flow reasons it would be better to amortize the costs over 10 years, thus making a profit from year one.
Laughable.
Production next year with the modular DMS.
Share price upside when ii's finish doing their due diligence over the coming couple of weeks
Upside from mining licence, due soon, likely just waiting on the DFS to prove up the mine economics
MIIF investment soon too, showing huge government backing for the mine
More upside from continued drilling
By the time you've waited 18 months you can get back in for £1 a share, your choice.
It's a really positive DFS.
Don't worry about today's price action, its probably just short term investors selling out because the timeline is too long for them. Over the next couple of weeks the ii's will be doing their due diligence, the ALL brokers will be spreading the DFS far and wide to them, and the price should creep up as those ii's take the stock into long term funds.
Interviews are likely this week on investor sites too, explaining just how positive this DFS is for the company.
The supply chain for electric car batteries is changing the world’s geopolitics
The rising demand for electric vehicles is changing the geopolitical landscape, as the world pivots away from fossil fuels towards the materials critical to the EV supply chain. As manufacturers and countries race to secure the supply of raw materials for EV batteries, new opportunities and geopolitical risks are emerging. Benjamin Jones, Viet Nguyen-Tien, Robert Elliott and Gavin Harper write about the implications of the race for battery-critical resources.
The potential future imbalance between supply and demand is a concern. Some critical materials are used in multiple emerging technologies, and as these technologies are being rapidly adopted, the demand for these materials is growing exponentially. For example, the global demand for lithium is expected to increase by up to 89 times current demand by 2050. However, meeting this demand involves long lead times, averaging around 16.5 years according to the IEA.
https://blogs.lse.ac.uk/businessreview/2023/06/27/the-supply-chain-for-electric-car-batteries-is-changing-the-worlds-geopolitics/
The supply chain for electric car batteries is changing the world’s geopolitics
The rising demand for electric vehicles is changing the geopolitical landscape, as the world pivots away from fossil fuels towards the materials critical to the EV supply chain. As manufacturers and countries race to secure the supply of raw materials for EV batteries, new opportunities and geopolitical risks are emerging. Benjamin Jones, Viet Nguyen-Tien, Robert Elliott and Gavin Harper write about the implications of the race for battery-critical resources.
The potential future imbalance between supply and demand is a concern. Some critical materials are used in multiple emerging technologies, and as these technologies are being rapidly adopted, the demand for these materials is growing exponentially. For example, the global demand for lithium is expected to increase by up to 89 times current demand by 2050. However, meeting this demand involves long lead times, averaging around 16.5 years according to the IEA.
https://blogs.lse.ac.uk/businessreview/2023/06/27/the-supply-chain-for-electric-car-batteries-is-changing-the-worlds-geopolitics/
We have been told that the DFS would be out by the end of June. 28th seems as good a day as any, with only two more days left after that to the end of June. They said they were 'working hard' on getting the DFS out on time. One would think that they would be trying their best to get it out on the 28th.
Have you watched the videos I posted? It is evident from these videos that the 70m target is for increased mine life to enable in-country processing. He says that processing is not an option with 35m tonnes as it is a 12 year LOM. So by the time the in-country processing is built, there is not enough LOM left to make it a viable option. He then indicates that 70m tonnes give a long enough LOM to make in-country processing viable.