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Lol, who's the half whit, Parys mountain has been mined for thousands of years, you should know that as it tells you the history on their website. Read here https://www.angleseymining.co.uk/introduction-history/ I assumed that because you only mentioned 300 years of mining history you were talking about Grängesberg, not that Grängesberg goes back that far.
Anglesey Mining is a mineral exploration company. I have followed it since the 1980's and that's certainly what it has being doing since then. As for the 300 year old iron mine in Sweden, what has ago got to do with it, it was last.in operation just some 40 years ago and has significant resources, including an iron ore that is open at depth, Apatite which was previously just dumped as waste and now is in high demand. The green economy is fueling demand for high grade iron ore for arc and hydrogen furnaces and the move from hydrocarbon based fertilizer is increasing the demand and adding value to Apatite and other fertilizer minerals.And the same for REE. In my opinion hese huge Apatite iron deposits are not going to stay in the ground for much longer particularly in Sweden which needs to cash in these resources to improve it's economy. Obviously like any mine startup economics have to be proven, but it's a heck of a lot easier in a historic mining area with its known geology, decades of exploration and academic research, along with environmental impacts from previous workings that can only be improved with regeneration. Good luck with your .5p target, that would give AYM a market cap of less than £3m would their freehold land not be worth more than that? Let alone all the minerals within that land. Plus everything else they own and you really think the SP will hit 0.5p ? In my opinion, dyor, the only event which would cause such a drop would be a tree shake to activate all the stop losses before a massive rise, but that concept is as crazy as your 0.5p prediction.
Looks like facilities will be available on site for Apatite processing from this tailings project (see video) before our mine starts, so no capex required for Apatite processing from mine output. A massive positive!
Long YouTube video all about Phosphorus in Sweden, including at 52:45 into video about the 'The Grängesberg Apatite Project' see
https://youtu.be/p71PSBltSC0?feature=shared&t=3184 video should start at the Apatite Project
I had not seen this video until today. Jo talking about Grangesberg. Apatite mentioned, but not REE. https://youtu.be/rFsSUrcurFY?feature=shared
This document pdf is by one of the GIAB directors. A very knowledgeable person on the subject of mine automation and I assume very well connected within this industry. https://abmec.org.uk/wp-content/uploads/2020/06/Andreas-Simoncic-Sandvik-Presentation-ABMEC-Conference-2019-Ver.1.pdf
Sharehuzzerski, ok it's not quite ours yet, but we have the option to take 100% Last financial results state "A 49.7% interest in the Grängesberg Iron project in Sweden, up from 19.9% last year. Anglesey has management rights and a right of first refusal to increase the Group’s interest to 100%."
This scientific paper is certainly worth a look it's in pdf format https://www.researchgate.net/publication/257044663_Textural_relations_and_mineral_chemistry_of_REE_in_the_Grangesberg_apatite-iron_oxide_deposit_Sweden_the_role_of_fluids. Or www.researchgate.net/publication/257044663_Textural_relations_and_mineral_chemistry_of_REE_in_the_Grangesberg_apatite-iron_oxide_deposit_Sweden_the_role_of_fluids
Catbert, thank you for your excellent post. If apatite is produced in such large quantities as a by product of the iron mining, I wonder how much Apatite remains in the ground that has been ignored and not mined, could well be massive untapped resources of Apatite. These fertilizer minerals will become essential as the world transitions away from hydrocarbon produced fertilizer. To show how essential these mined fertilizers are becoming just look at the massive £2b Woodsmith polyhalite mine just opening in England see www.youtu.be/u0pI7BjBha8?feature=shared . Note the Woodsmith mine is owned by Anglo American, who are starting to take an interest in Sweden, see my other post. Maybe our old mine records can give us investors a clue to the quantity of Apatite still remaining in the ground. More research certainly needed. :)
Long-term I don't think we will have problems with funding our Swedish operations once we have done a little more work news.cision.com/grangex-ab--publ-/r/grangex-signs-a-usd-10-million-royalty-agreement-and-a-binding-term-sheet-for-an-offtake-agreement-w,c3727817
Don't underestimate the potential of our Swedish minerals. Google translation from swedish "Grängesberg Exploration has signed an agreement with the British mining company Anglo American regarding the planned restart of the Dannemora mine. The agreement covers all production during the life of the mine and also includes a royalty agreement." Quote from www.di.se/live/grangesberg-exploration-i-avtal-med-brittisk-gruvjatte-kring-dannemoragruvan/ published March 2023
Also note that green steel production requires grades higher than 65% and the higher the better, so Grängesberg is very well placed to supply the new green furnaces (hydrogen etc) being built in Sweden and around the world.
The missing links for my first post
Link one - www.globalminingreview.com/mining/16012023/anglesey-increases-stake-in-swedish-iron-ore-mine/amp/
link two - www.grangesbergexploration.se/en/operations/grangex-apatite/technichal-reports/
Some crazy prices for rare earths can be seen here www.metal.com/price/Rare%20Earth/Rare-Earth-Oxides
I have just recently invested into AYM. I have been out of the stock market for many years, but could not resist AYM after doing some research.
I have in the past invested in AYM for it's Parys Mt assets. In fact it was one of my first investments in the stock market back in the 1980's when I worked in geophysics and even did some work over the Parys Mt site. I also made some good gains from the Labrador Iron Mine days.
Well I'm back again. This time its all to do with Grängesberg. Obviously the Iron ore deposit is the target and certainly worth going for, but what I am really excited about is the Apatite and associated Rare Earth Elements (REE), these will be byproducts from the Iron Ore extraction.
AYM reports that the mine when previously opened produced Apatite I quote "Previously, revenue was also generated from the sale of apatite concentrates (17 – 19% P) produced from the tailings stream. While the PFS indicates potential apatite production of 210 000 tpy, no sales have yet been included in the financial evaluation. This product also contains elevated rare earth content." source [LINK REMOVED] .It gets better according to GRANGEX Apatite who are planning on extracting Apatite and maybe Rare Earths from old mine tailings in Grängesberg from historic mining states "When processing the tailings for Apatite, the REE in those mineral follows with to the product(Figure 9), resulting in appr 0,8 % REE in the Apatite concentrate. Grängesberg is now in dialogue with possible Apatite customers regarding extracting of these elements from their downstream processing. One of the possible customers, Yara, is known to participate in Rare Earth extraction through the EU-funded SECREETs program." see section 4.1.3 in pdf link 'Jan-Matts Tailings Dam - Scoping Study' on this page [LINK REMOVED] also section 4.1.2 about value of Apatite like "$150" per ton! That's $31m just for Apalite byproduct.!
A simple calculation would suggest that if the Apatite occurs as PFS states at 210,000 per year and percentage of REE to Apatite is 0.8%, then that is 1,680 tons of REE per year.
So income from Iron, Apatite and REE. Just look at the REE deposit that made the newsrecent near Kiruna in North Sweden.
These OLD mines have a lot more value in them these days! Waste is not wasted.
Lets hope when we do more drilling at Grängesberg we make sure we do geochem for REE, if we find hot spots like at the Kiruna Iron Mine we could find that there is more value in the REE than the Iron.
Anyway that's some of my research, comments welcome!