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$SFR...... $3.63 ... 0.410......(12.7%)

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Mon 3/16/2020
16 March, 2020

PAN ASIA METALS QUICK NOTE
Thai Policy: Thailand to be a regional EV hub within five years

Dear Shareholders,

We wish to advise that Thailand's Deputy Prime Minister, Somkid Jatusripitak, in his capacity as the chairman of the National Electric Vehicle Policy Committee, announced a policy to make Thailand a regional hub of electric vehicles in five years, see: BP article.

Thailand's Electric Vehicle policies have been in the implementation phase for some time, with great success attracting auto and battery manufacturers to manufacture both in Thailand over recent years. At present more than 10 auto manufacturers are or have committed to manufacturing electric or hybrid vehicles and/or lithium ion batteries in Thailand, including Toyota, BMW and Mercedes. This recent EV policy announcement reinforces earlier policies and the Thai Government's support of electric vehicle and battery manufacturing initiatives. Of great interest was the Chinese auto manufacturer Great Wall Motors' recent purchase of General Motors vehicle manufacturing facilities in Rayong, Thailand, which is said to be part of Great Wall's global strategy to support the automotive megatrend to EVs, see BP article.

Pan Asia Metals, being the only company with lithium exploration assets in SE Asia, is well positioned to take advantage of the growing EV and LIB hub in Thailand and growing interest from policy makers in Malaysia.

Our lithium strategy is to establish lithium mining and downstream processing operations that will produce suitable lithium compounds for incorporation into LIB manufacture. We believe that PAM can directly benefit from the Thai government’s new regional EV hub policy initiative.

Yours sincerely,

Paul Lock
Managing Director
https://www.bangkokpost.com/thailand/general/1876469/thailand-to-be-regional-ev-hub-in-five-years

Black Butte Copper
13 March at 19:54 ·
BREAKING NEWS?
Today, 2 Montana Government agencies have each issued important components of the overall permitting process for the Black Butte Copper project

Black Butte Copper Achieves Two Key Permitting Milestones
Release of the Final EIS and issue of Preliminary Determination for Water Right’s Change of Use mark further key steps towards receiving a Record of Decision (ROD)
.........................................

March 13, 2020 15:45 ET | Source: Sandfire Resources America Inc.
WHITE SULPHUR SPRINGS, Mont., March 13, 2020 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company” TSX.V: SFR and OTCQB: SRAFF) is pleased to advise that it has achieved two key permitting milestones for the Black Butte Copper underground mining project in Montana.

Today, two Montana Government agencies have each issued important components of the overall permitting process for the Black Butte Copper project which are key to the Company receiving a Record of Decision (RoD) for its Mine Operating Permit (MOP).

First is the release of Final Environmental Impact Statement (EIS) by the Montana Department of Environmental Quality (MTDEQ). The MTDEQ commenced the EIS in September 2017 and released a Draft EIS in March 2019. Issuance of the Final EIS signals that the MTDEQ, and its independent third-party environmental consultants, have completed all environmental reviews related to Black Butte Copper and all issues raised during the public comment period have been responded to.

Second, the Department of Natural Resources & Conservation (MTDNRC) has issued a Preliminary Determination (PD) in response to the water right owners’ application to modify their irrigation water rights to include leasing water for mitigation for the Black Butte Copper project. The proposed water right modification maintains water balance in the Sheep Creek drainage area.

The PD will also address the Company’s request for a groundwater permit and a high flow water right to capture spring run-off and store in a reservoir, which will provide water to replenish stream flows year-round. The issuance of the PD triggers a comment period for other water rights holders prior to a Final Determination.

The achievement of these key milestones requires the MTDEQ to release a Record of Decision (RoD), whether positive or negative, for Black Butte Copper’s MOP after a minimum of 15 days. Issuance of a positive RoD would require the MTDEQ to finalize a bond calculation within 40 days- paving the way for the commencement of construction at Black Butte.

More .......
https://t.co/P05QYlFKbi?amp=1

Kalahari Metals Limited: Drilling Programme Commences at Kitlanya East and Licence Renewals

9 March 2020

Metal Tiger plc

("Metal Tiger" or the "Company")

Kalahari Metals Limited: Drilling Programme Commences at Kitlanya East and Licence Renewals

Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to provide an update for the Botswana copper focussed explorer, Kalahari Metals Limited (“KML”).

Drilling rig mobilisation is currently underway to commence the testing of copper-silver prospective contacts and structures at the Kitlanya East Project (“KIT-E”), later this week. This Phase 1 Drilling Programme is expected to consist of at least four diamond core holes, totalling a planned 1,200m of drilling. The holes will target mineralisation associated with the D’Kar Formation (“DKF”) – Ngwako Pan Formation (“NPF”) stratigraphic redox contact (“DKF-NPF contact”), as well as potential anticlinal structures, which may host mineralisation above the DKF-NPF contact.

In addition, the Botswana Department of Mines has granted prospecting licence renewals for 100% of the original licence areas, covering both KIT-E and the Kitlanya West Project (“KIT-W”), for a further two years. KML’s agreed work programme includes soil geochemistry sampling, targeting shallow mineralisation, in an interpreted anticlinal structure to the south of the Phase 1 Drilling Programme, which is planned to start in late March 2020.

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:

“We are pleased to report that KML is commencing an inaugural diamond drilling programme at their Kitlanya East Project on the Kalahari Copper Belt in Botswana. The commencement of core drilling represents an important step in targeting copper-silver mineralisation and will seek to test shallow geological settings analogous to those in the Sandfire Resources T3 Deposit and A4 Dome project, located directly to the north. We look forward to providing further updates as the drill programme progresses.”

KIT-E Project Drilling Programme
The Phase 1 Drilling Programme at KIT-E consists of a planned 1,200m of core drilling over an initial four holes (Figure 1). Drilling will focus on an interpreted northern anticlinal structure where the detailed airborne electromagnetic (“AEM”) survey has identified compelling fold structures, possibly related to marker conductor units in the lower DKF stratigraphy. Drilling will aim to confirm the presence of NPF which will significantly upgrade the potential for shallow mineralisation in this target .........more

https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/kalahari-metals-limited--drilling-programme-commences-at-kitlanya-east-and-licence-renewals/20200309112900Z4193/

Southern Gold focused on a growing and highly prospective suite of projects in under-explored South Korea

The company has a portfolio of high-grade gold projects in South Korea and aims to find and develop world-class epithermal gold-silver deposits in a jurisdiction that has seen very little modern exploration.

Southern Gold Limited (ASX:SAU) managing director Simon Mitchell told the RIU Explorers Conference last week that the company was focused on securing financing for ‘promising’ precious metals exploration at its South Korean projects.
He said: “We’re looking at South Korea because of the macro-geological context and the fact that we believe there has been very little exploration in this part of the world.

“Very few exploration dollars have gone into North Asia, and in particular South Korea.
“Last time Korea was well explored was by Ivanhoe Mines Ltd (TSE:IVN) (OTCMKTS:IVPAF) in the 1990s and they made a lot of discoveries before they found things in Mongolia and were drawn out of the country prematurely.”

Getting the band back together

Mitchell said: “We have reassembled the old Ivanhoe team that were involved there back in the 1990s and, in a sense, we are blowing the dust off the reports that were done then, reigniting them and reactivating exploration in the country with the Ivanhoe philosophy of boots on the ground.
“Even with a very small team and a modest budget we’re already starting to find some amazing things.”

“More than 100 targets in-country”

The company has project generation teams active in the field and the teams are finding new mineral systems every five to six weeks.

Mitchell said: “We have more than 100 targets in-country.

“It’s a country-wide play where very little work has been done and every time we go out we find something new.

“Typically, we find high-grade gold epithermal and in most cases, they are projects that are ready to be drilled.”

Unique mining jurisdiction

Mitchell said the country was extremely well developed, had a transparent regulatory system, a mining code and excellent access infrastructure.

He said: “The fiscal regime is globally unique because there are no royalties, partly because the mining industry is just so small but mainly because the Samsungs, the LGs, the Hyundais of their industry generate the lion’s share of the tax revenue.

“The mining industry is not even a rounding error in their national accounts.”

The country also pushes for economic activity in regional areas, which Southern Gold does by using a predominantly Korean workforce, supervised by expatriates.

Project funding

In early February Southern Gold received binding commitments for an institutional placement of more than 71.4 million shares at 14 cents per share to raise $10 million, including an investment by Metal Tiger PLC (LON:MTR) valued at around $3.3 million.

Courtesy of @chrisjparrish

https://twitter.com/chrisjparrish/status/1233967410560094209

Continued next pa

Insights on the financial health of Cameroon’s power system in early 2020
12/02/2020
Electricity rationing, inputs from the Memve’ele and Lom Pangar dams on energy supply, government debt towards Eneo, relationship with the company Sonatrel, rumors about the leaving of Actis, etc. Interview with the General Manager of the concession company in charge of the public service for the production and distribution of electricity in Cameroon, Eric Mansuy, on latest developments within the sector.

On 25 January, Eneo, through a press release, recalled that it is rationing electricity in some cities of Cameroon because of an “acute liquidity crisis which has created an imbalance in the sector in general for several months ». How is new or special about this situation compared to previous years where power cuts were not made on the same scale?

Apart from the power-cuts linked to the generation shortfall due to the liquidity crisis, interruptions on the distribution network are down by 4% compared to the same period last year.

Since the end of 2019, many constraints have greatly undermined the demand and supply balance on the SIG and EIG. We observed notably that:
Steady growth in energy demand is leading to an increased stress on the networks (overload of grid transformers, congestion of transmission lines) which limit the evacuation capacity of energy generated from our hydroelectric power plants to the transmission network, despite the favourable hydrology recorded this year in the lakes.
more solicitation of our thermal power plants due to growing demand, in turn leads to an increase in fuel needs, which Eneo cannot entirely meet due to the lack of liquidity.
All these elements lead to significant generation shortfalls of up to 130 megawatts during some peak evenings. Basically, most of these factors put more pressure on the company’s cash flow. The whole electricity sector in general is plagued by this acute liquidity crisis. For Eneo, this is largely due to huge outstanding unpaid bills, which prevent us from honouring all of our commitments towards our suppliers.

The most visible consequence is reflected in the difficulties encountered in the daily supply of fuel to our thermal power plants, leading to load shedding. Since December, the Prime Minister, Head of Government of Cameroon, informed of this situation, has been able to make an appraisal of the major threats looming over the sector. He has instructed the Ministers and Administrations concerned to take the necessary actions to restore the financial balance of the sector in general. These actions include, among other things, the immediate injection of cash and the mobilizing this year of the funds necessary to clear all the debts. We are hopeful that these measures will be implemented as soon as possible to quickly improve the quality of electrical service.

https://www.eneocameroon.cm/index.php/en/eneo-news/actualite-eneo-actu-gouvernance-leadership-management-en/2911-insigh

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Copper and the Circular Economy - http://bit.ly/2SXVlkZ - #MTR
@metaltigerplc
#copper #Kalaharicopperbelt #mining #copperdemand

Copper and the Circular Economy
Copper demand is growing

As we advance on a low-carbon economy—with more renewables and electric vehicles, and greater energy efficiency and electrification—global demand for copper and other non-ferrous metals rises. The World Bank’s 2017 report “The Growing Role of Minerals and Metals for a Low Carbon Future” illustrates how fundamental primary and secondary raw materials are to many sectors of the economy, particularly as they aim for carbon neutrality.

This is true globally, but especially in Europe, where our ambitious climate and energy goals for 2030, and the new 2050 net zero emissions strategy, mean we must accelerate uptake of clean technologies. As demand for raw materials increases, optimised flow of energy and materials, reduction of waste generation and smart use of by-products in co-located processes—the elements of a truly circular economy—become key to sustainably meeting that demand.

Europe’s copper industry is a circular economy frontrunner

Europe’s copper manufacturing industry has long operated on circular principles, primarily due to copper’s suitability for endless recycling without loss of properties, which allows it an infinite life. To remain competitive in Europe, it is also essential for industries to optimise energy and material use.

It is no surprise, therefore, that Europe is a recycling leader, with almost 50 percent of its copper demand already met with recycled material (Fraunhofer ISI), resulting in reduced waste and primary resource demand. Recovering copper from applications such as motors, transformers and cables requires up to 85 percent less energy than primary production, and the industry is working to further increase recycling rates.

Recycling is part of the answer, but has limits

Europe’s relatively high recycling rates are to be celebrated. However, there are factors that limit how much recycled material can be recovered. Regulatory barriers in advanced economies can lead to copper-containing waste products leaking to countries with lower recycling standards or capacities.

A more significant barrier to closing copper’s loop starts even before a product is used: during the design phase, when the technical and economic feasibility of recycling can be impeded. As more sophisticated electronic products are marketed, small quantities of a vast array of different metals are needed, requiring more complex technologies for proper sorting and recycling. Often, the necessary collection and recycling infrastructure and technologies do not yet exist.
more............
http://bit.ly/2uyuWAU

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