George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Is Colin representing XTR at Indaba this year or just his other companies?
I know Bushranger is OZ but I would have thought that such a major announcement from XTR would be best made before going to Indaba.
He did say that it was his job between the announcement and the vote to persuade shareholders that this was the best option for us all. it would be a pretty poor show to then announce something the day before the vote.....
Carpe-Diem1:
The FS figures published so far would put EMH amongst the lowest cost producers. Once the supply chain starts to settle down more in the years to come, the price of the Lithium chemicals will start to be defined by the highest cost producer required to supply the market....... so unless we have a reason to believe that production costs will double the financials should still be very positive in the long awaited DFS.
The Hive on Telegram had a good interview with Mike the other day and a good Q&A afterward.
All very exciting for this year and hes expecting supply MOUs to start dropping well before the DFS.... just on the quality of the product alone.
Not sure I can believe those timescales Analytical..... I haven't seen a Lithium prospect jump straight to production yet.
Happy to see something moving fast though..... maybe Luansobe production? The legal rep certainly seemed to suggest this during the Roast Interview
Directly taken from the latest presentation in September 2023:
SOCIAL
* Community Agreement
signed, returning value locally
* No displacement
* Education fund in place
* Long term job opportunities
* Ongoing consultation
If it is true that no local and regulatory engagement has been made when it is claimed in the company presentation, then that would be a problem. My guess is however that there has been some degree of engagement about the project overall but as it is early stage it wont have the detail these guys would like to see and so they are understandably bringing their concerns to the table.
Sounds very much like 2024, in line with the production of the DFS, will need to step up the community engagement..... and any efforts they make they need to promote these at every opportunity.
Clarification on my last post. Having reread this RNS a couple of times. The 25te sample is for Fodere's precommercial plant.... not expected to be available until mid 2024, so fully understand why the 25Te sample hasn't been shipped.
Still lots of potential but moved out towards H2 of 2024 (assuming we are one of the first test runs scheduled on this pilot plant).
Things are progressing with Fodere.
Great numbers from them too in terms of mineral recoveries so the line "With the Exclusive rights to South America" might end up being the real value in Jangada.... far more than Pitoembieras.
That said, is the 25Te sample waiting to ship a new sample? Disappointed if this turns out to be the same one announced so many months ago.
realistically a week to deliver the promised news ahead of the agm....
given how recently the timescales were reiterated, it would be an embarrassing ******* drop to be late with the dfs again.
until the 22nd ill still be hoping for dfs delivery this year......
Despite first production being a couple of months behind the previous November target, they also published an estimate of cash on hand at that point. Something in the region of 20milion.
Always a bit of risk remains this close to production but that is a healthy figure imo
The conversion from Carbonate to Hydroxide is well understood and if you start with battery grade carbonate and use the correct quality of reactants the quality of the hydroxide is achieved too..... its done at refineries around the world already and the cost /tonne of product is significantly dependent upon the cost to produce the carbonate.
This is excellent news today....no matter what crappy filter some people are trying to put on it.
GLA
It isn't meaningless without the hydroxide resource.
It proves the ability to produce the correct quality of a battery production precursor at pilot level .... which had to be one of my biggest risk factors.
It is straightforward to take this Carbonate product and convert it to hydroxide..... wouldn't be the most economic way to supply this particular product but as the first stage of the process is so far to the left of the graph for low cost Lithium production, that the resultant Hydroxide would still sit well in the marketplace.
So..... with a worse case still being a plausible solution, I cant be anything but very positive to see these pilot plant results.
I was thinking the same iky786.....
We have had some Lithium Drill Results, Kalahari Feedback and Shinganda drilling.... but I was expecting a BIG announcement. Perhaps Colin was talking about how busy they were going to be on October as it is obvious they are very busy.
Or maybe he was referring the AFP, which can claim to have had some great news.
Or....... was he alluding to the information about the proposed smelter the Chinese are going to help fund?
Lots of new due though....so im keeping my popcorn fresh
Agreed,
A 2 month delay on such a scale of project is nothing and prudent management means that they will still have > 20million Cash by the time revenue starts to come in. IF this causes any dip it is definitely an opportunity to buy in my opinion.
Also, by the time revenue starts, we might have the potential for 2 further extensions on mine life if the assay results are positive.
At the front of this interview RR suggested a further capital starvation of the junior sector would reduce the +1200 companies down to a healthier 200 companies.
If he is right (and not withstanding the massive destruction in some peoples portfolios if it happened) XTR would be one of the 200.
We have significant income for the next few years and if we (with the mining contractor) invest some of that in a plant expansion then our income will extend 6 ... 7 or more years. So on the basis of that part of Rick's advice we should be happy to be here.
Whether the income gets turned into actual value added for us depends on Bushranger and the Zambian targets and how the money we put in the ground equates to success.
I think we were very close to a raise at the turn of the year. So I'm kinda heartened if they used a loan to bridge this squeaky a#@e period instead of dilution.
It's getting past time though for publishing the study results imo. Even if they show that we need a copper price at 10k..... at least then we will be able to see what we are aiming at