Member Info for jimb2

We shouldn't be surprised if they do!!

Mali:
Following the DFS update, the capital cost for the stage-1 2.3 million tonnes per annum operation increased from US$194 million to US$255 million.

This was in part driven by incremental capital associated with providing the flexibility to readily move to a stage-2 4.0 million tonnes per annum throughput operation.

:)

Ganfeng!

Mali

This key milestone will further advance the partnership arrangements as both parties continue to move forward with early-stage engineering, drilling and various community and environmental works to fast track the development of the project.

https://www.proactiveinvestors.co.uk/companies/news/970303/firefinch-and-partner-ganfeng-make-final-investment-decision-for-goulamina-lithium-project-970303.html

I'm looking forward to them revealing their Sonora plans.

Great that some of the BCN holders had the chance to get on board at this level @Mullins58,

I thought it might be a sad ending!

https://youtu.be/8fLhBsfaU4Q?t=197

GLA

Thanks RockSpeculator,

plenty of news will see a nice climb, looks like a more detailed research note will come soon,

and will look to update this in light of the prevailing iron ore market outlook when the whole process is completed.

Just received a notification, but don't have a subscription.
WHIreland has published a new research note on Cadence Minerals PLC. Please click on the below title to see the full release
:)

@cheshiredentist,

Sonora, the Jewel in the crown :)

And for the readers who were first introduced to KDNC with that article a very nice return, December 9th 19.5p tomorrow?
Well good luck to them and less the seven or eight years of waiting :)

Good luck to them, I hope it changes their lives for the better.

Apologies @observer842, I should have acknowledged your excellent contribution alongside @EV_Bull.

Gl

Thanks, @EV_Bull, a bigger spread than I thought,

I know it's already been covered but a correction would do nicely and I'm sure some will miss the early fireworks thinking this is something they have time to ponder upon, If I were Justin Urquhart, I would consider the updated Amapa news at least and perhaps a Ganfeng JV mention.

@EV_Bull you just might have given a few the opportunity to get on board early with the excellent material you have compiled and shared. Please keep repeating for the new arrivals, can you confirm you are happy for others to repost as I know it's etiquette that some are observing.

GLA

Tomorrow will see at least three elements that might drive buying

Further buying based on Amapa bank agreements news.
Daily Mail tip as no mention of Amapa so not factored into the tip.
BCN holders having received funds.

Who knows if there might be a fourth or fifth reason?

:)

Thanks, @mr.james

but that looks like Friday's movement to me as things quieten down, batten down the hatches, a tidal wave of posts could be coming in tomorrow!

J curves at last :)

GLA

Right time right place,

Tesla shares surge after carmaker delivers record number of vehicles

https://www.ft.com/content/ad6d68b0-0171-4f24-9076-d778babf6fed

Crazy times for lth's

The EV's are coming faster than the market analysts predict, watch out for BYD in 2022 and beyond.

Disruption

:)

I'm still looking forward to Ganfeng making a bid, not forgetting the bidding for Millennial falling through in September leaves a big wad in their M&A fund, not that they are short of funds.

https://www.reuters.com/article/millennial-lithi-m-a-ganfeng-lithium-idUSKBN2G51X8

Ganfeng, one of the world’s biggest producers of lithium chemicals for electric-vehicle batteries, looked set to continue a recent run of M&A deals when it announced in July it had agreed to buy all of Millennial for C$353 million ($280 million), or CS$3.60 a share.

How soon could a deal be concluded after an announcement - weeks not months or years!

Perhaps days!

GLA

And to add to that @Bannor

I would say there's a high probability Ganfeng have orders for specific customer requirements, the BCN pilot plant has produced samples for Asian customers for probably five years now and Peter Secker acknowledged customers (Japanese being at the time the most stringent) commented on the quality, we then had Hanwa off-take and their comments:

https://www.hanwa.co.jp/en/news/201704132735/

Under BCN, Sonora Lithium project holds outstanding lithium deposits with significantly low amount of impurities, consisting of unique type of ore, so-called, clay,

And this is a must watch to get an understanding of the importance and hence the value of Sonora based on the grade and impurities - 99.99% v 99.99% could be the difference between a supply deal - it's not a typo!

I would suggest watching all the content but from here if short on time for three minutes or so:

https://youtu.be/A6DLsmgo-bE?t=531

It's crazy that people believe lithium of high grade and with the desired impurities is in abundance and can be mined and processed globally!

If it isn't from Champagne!

Toyota Outlines Solid-State Battery Tech, $13.6 Billion Investment
Toyota isn’t putting all its eggs in one pouch, so to speak. But the investment is huge.

https://www.motortrend.com/news/toyota-battery-bev-hev-solid-state-future-investment/

*all*

Toyota hopes all its BEVs will benefit from its various battery strategies as it attempts to use advanced lithium-ion and solid-state tech to increase efficiency by 30 percent, using that improved efficiency to reduce battery costs by the same amount in the near future.

nearly rite, just the bit about zero lithium should read increased lithium (more energy density)

Solid-state batteries are expected to become a viable alternative to lithium-ion batteries that use aqueous electrolyte solutions. The innovation would lower the risk of fires, and multiply energy density, which measures the energy a battery can deliver compared to its weight.

Sill uses lithium but a lithium metal Anode and in fact, requires higher purity lithium - good news for Sonora (Japanese tested our lithium - very happy with it)

https://youtu.be/B27ixDu2HKU?t=64

Toyota plans to invest $1.3 billion to set up a new lithium-ion battery plant near Greensboro, North Carolina capable of providing power for up to 1.2 million electrified vehicles.

https://www.forbes.com/wheels/news/toyota-lithium-battery-plant/

:)

Indeed @Zoom56,

And from Thacker Pass:

https://www.lithiumamericas.com/_resources/pdf/investors/technical-reports/thacker-pass/Technical-Report-Thacker-Pass.pdf

The historic and 2017 drilling results show a continuous lithium grade ranging from 2,000 ppm to 8,000 ppm lithium over great lateral extents. There is a continuous high-grade sub-horizontal clay horizon that exceeds 5,000 ppm lithium across the project area.

###

I would add interpretation is really something that should involve a qualified person, Ganfeng is satisfied enough though for sure!

@Barksy1,

I do believe we have the jewel in the crown in Clays!

https://www.reuters.com/article/us-mexico-mining-lithium-exclusive-idUSKCN2E52FN

National Geological Service Director Flor de Maria Harp said late on Monday that the average amount of lithium found in samples reported by Bacanora Lithium, or about 3,415 parts per million (ppm), exceed typical concentrations found elsewhere in Mexico’s mostly clay-based lithium deposits.

Her comments represented some of the first independent backing for Bacanora’s claims about the concentrations.
“Bacanora is really a very good deposit,” she said, adding that the service she runs has seen another ore sample from the same project that held some 16,000 ppm of lithium - a previously undisclosed number.

###
(Thanks @Obsever842 for this report link earlier in the year)

https://bacanoralithium.com/_userfiles/pages/files/documents/bacanorafstechnicalreport25012018_compressed.pdf

Last sentence below:

SRK also notes that the maximum value of 10,000 ppm Li that can be returned by the laboratory and method employed terminates the distribution curve of the Lower Clay Unit unnaturally. This suggests that all samples currently in the database with a value of 10,000 ppm would have higher grades if they were submitted for assay using a different method with a higher detection limit. There are a total of twenty samples in the raw sample database that have been returned with the upper analytical detection limit of 10,000 ppm Li. All of these samples fall within the high grade core of the Lower Clay Unit in Block 4. It is not considered to be a material issue, however, local grade estimates in this area will be underreporting true grades.

###

Obviously, this is something that needs a qualified person to cast their eyes over,

Just track back in the RNS's

but in the words of Warren Buffett,

https://youtu.be/63oF8BOMMB8?t=81