George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
In regular discussions with PVE Consulting in London
Very busy in the data room and due to the astonishing interest from major oil and gas companies across the world we have had to change the schedule to fit all the interested parties in for offers
Farm out will now happen, my feeling is we already have bidders in the data room
Strategy and Outlook
The Company remains committed to offshore Namibia, where work will continue in seeking a farm-out partner to fund future exploration drilling operations on PEL0094. The upcoming drilling in the Orange Basin by oil majors Total and Shell, expected to commence in Q4 this year, will be closely monitored. Global also remains committed to pursuing its Italian applications
Highlights
· Diamond production during current production cycle (December 2021/January 2022) in excess of 1,000 carats, comfortably beating previous highest diamond production of 242 carats.
· The batch contains a number of larger diamonds, the largest being 13 carats.
· The processing plant at Tantalite Valley in Namibia is now nearing completion.
· Water recycling at Tantalite Valley has averaged 95% meaning that projected production can now be achieved without the cost and technical risk of a pipeline from the Orange River.
HIGHLIGHTS
- URE Metals Pty Limited ("URE") has received notification from the Northern Territory Government's Delegate for the Minister for Mining and Industry of their intention to imminently grant all Selta Project Mineral Exploration Licences EL 32737, EL 32738 and EL 32755 (see below for further information).
- First Development Resources Limited ("FDR") have commenced an in-depth review of all available geological, geophysical and geochemical data associated with the Selta Project and adjacent ground. The objective of the review is to identify priority targets for further investigation