The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good evening AGEOS,
Many thanks again for your time and information.
Would you mind explaining what “synthetic rutile grade” [95% TiO2] is and what it is good for.
As in my junior basic understanding I think I understood the difference between ilmenite and rutile.
Thanks in advance.
BW Jeli
Many thanks AGEOS,
Another high quality post.
Is it ok to copy it to the telegram group etc.
Best wishes
Jeli
Nice post 4K, hope you don’t mind I shared the info on Advfn.
Thanks a lot
J
I put mine up for 32
I believe it is a roll over, hopefully a good sign
This old RNS is a good read 4kandles.
https://www.londonstockexchange.com/news-article/EEE/giant-copper-province-potential-at-pitfield/15685842
GLA
Jeli
Hi AGEOS,
Many thanks for all your excellent posts with high quality information.
Please forgive me for being cheeky but can I ask do you own shares in EEE and how many?
Many thanks and apologies:
J
Andrada Mining (“ATM”) has released assay results for the first batch of Reverse Circulation (”RC”) exploration drilling results undertaken at the ATNN01 – ATNN14 pegmatites, within licence ML133, also known as the Lithium Ridge Project. Situated ~35km SE of ATM’s flagship Uis Mine, an exploration drilling programme comprised of 24 RC drill holes was implemented to investigate the continuation of selected outcropping lithium-enriched pegmatites at depth. The programme yields ~800 chemical analysis samples with the results of the first 14 holes, comprising ~400 samples reported in the recent announcement. The programme was designed to investigate the subsurface morphology and metal endowment of pegmatites containing elevated lithium values at the surface. Results confirm lithium mineralisation along the 4km strike distance covered and indicate intersections at higher lithium grades compared to those at Uis (~0.72%) with a weighted average grade of ~1.06% Li2O. Weighted average tantalum grades of ~79ppm were in line with Uis’ ~86ppm. The company’s offsite metallurgical programme has shown the ability to produce a saleable petalite concentrate from Lithium Ridge. Together with the ongoing commissioning of the lithium pilot plant at Uis, balance sheet de-risking post recent convertible note and bank loan financings, and a strategic process still to be concluded to select a funding partner to participate in the acceleration of the Company's lithium development, we believe the 78% discount to our GBp 33/sh target price should continue to close. More evidence of potential for Lithium Ridge to supplement Uis petalite output Out of the 14 holes covered in the announcement, highlights include ATNN 08, which intersected 14m at 1.80% Li2O, 0.08% Sn and 70 ppm Ta from a depth of 8m, including an 11m subinterval at 2.13% Li2O, and hole ATNN 02 which intersected 27 m at 1.24% Li2O, 0.14% Sn and 116 ppm Ta from a depth of 31m to 58m. License ML133 is situated along the D1903 road linking to the B2 highway and sits within ‘truckable’ distance from existing processing facilities at Uis, where a pilot lithium circuit has been constructed. The company expects the remaining 10 drilling holes to show similar results in line with the channel samples over the remaining 2km mineralised strike distance. With successful results achieved through the programme, it is probable that ATM will undertake further drilling initiatives aiming to establish a JORC-compliant resource within this area of the licence in future. Lithium pilot plant commissioning being “finalised” As detailed in our June 12th upgrade note, ATM produced the first saleable bulk lithium concentrate from the off-site pilot test, processing material from Lithium Ridge using dense medium separation ("DMS"). This petalite concentrate is being tested for conversion to lithium carbonate and lithium hydroxide. Additional beneficiation steps available to ATM include froth flotation and sensor-
TDT
Thanks and all my shares are held with Freetrade, looking to transfer out from them, I have not been given info like you have.
BW
J
Many thanks for all your posts TDT
Could you please point me to that AGM extra share authority.
Thanks in advance,
Jeli
Yes and their website…..
Https://www.sharesmagazine.co.uk/videos
Worth a watch
Gla
Andrada Mining (“ATM”) has released results from the first drill programme on the B1 and C1 pegmatites, within licence ML129, also known as the Spodumene Hill Project. Sitting ~15km SW of ATM’s flagship Uis Project, Spodumene Hill is thought to be mineralogically similar and could provide a satellite ore source for the current Phase 1 tin-tantalum circuits and potential future commercial lithium plant. With surface sampling in 2022 having shown the presence of spodumene mineralisation – which sells at a premium to the petalite present at Uis – the 2023 exploration programme was designed to upgrade historical resources of tantalum and tin, whilst proving continuity at depth and establishing average grades of lithium. The results confirmed depth potential and highlighted zones of very attractive lithium grades (>2% Li2O in places). While the programme provides a relatively small sample of preliminary, shallow holes, ATM sees scope for ore sorting to provide a high grade pre-concentrate for a future lithium processing plant. Meanwhile, tantalum grades were up to 2,742ppm and averaged ~280ppm, more than 3x the grade at Uis. ATM has initiated a metallurgical programme to define an optimal flowsheet for lithium, tantalum and tin from Spodumene Hill. The imminent completion of a lithium pilot plant at Uis could assist in this process and, along with ATM’s ongoing strategic funding process, is a key upcoming catalyst to close the 79% discount to our GBp 35/sh target price.
Initial glimpse into the potential of Spodumene Hill Project ATM completed 1,159 m of diamond drilling over seventeen drill holes on B1/C1, with all holes intersecting mineralised pegmatites. Highlights include hole B1_01 which intersected 14.52 m at 1.38% Li2O, 285 ppm Ta and 0.131% Sn from a depth of 15.48 m, including a 5m subinterval at 2.32% Li2O, and hole C1_04, which intersected 11.06 m at 0.81% Li2O, 1101 ppm Ta and 0.033% Sn from a depth of 13.59 m to 24.65 m. In addition to the visible lithium content, the intersections highlight the tantalum potential of the area, with the highest grade returned reaching over 2,700ppm. We note licence ML129 sits within ‘truckable’ distance from existing processing facilities at Uis, including a recently constructed tantalum recovery circuit, suggesting potential upside by blending higher-grade tantalum feeds. Following positive pegmatite intersections, the company will concentrate on defining the extent of these zones both laterally and with depth, as well as launching a metallurgical programme to explore the optimal beneficiation process, which we believe is likely to involve ore-sorting to produce a higher lithium grade pre-concentrate.
Lithium test programme on track As detailed in our previous note, ATM announced it has produced the first saleable bulk lithium concentrate from the off-site pilot test, using dense medium separation ("DMS"). The encouraging petalite concentrate is being tested for conversion to li
Https://twitter.com/robin25461631/status/1675871497745846272?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw
Got this from Robin Mayes Twitter.
https://www.linkedin.com/feed/update/urn:li:activity:7080609461806977024/
GLA
Andrada is in the top 3
Https://twitter.com/minerdeck/status/1674058560907493377?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw
Watch] Andrada CEO Anthony Viljoen?s Junior Indaba presentation covered by Mining Weekly?s Martin Creamer.
Https://t.co/7iSkWTGJm6