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The unprecedented growth in electric vehicle production is expected to drive a huge uptick in graphite demand and pricing over the next decade.
https://www.google.com/amp/s/stockhead.com.au/resources/it-could-be-boom-time-for-african-graphite-mining-projects-as-ev-battery-demand-surges/%3famp
https://twitter.com/TheMarketBullAU/status/1509098888518516742?t=UyHrF_-03sGTIn2uhmQPuA&s=19
The gvment free carry isn't a bad thing as it will essentially make the tanz government a partner so that box will be ticked without having to worry about future retro taxes & disputes, also hugely beneficial to the Mahenge region creating jobs & infrastructure for years to come. Mahenge will become a hub for graphite production.
AIMtodeath, correct me if I'm wrong, thought the gvment free carry was fixed at 16 percent? Saying that expecting a bump up in npv when update dfs is out.. Graphite prices are trending upwards due to many factors & uncertainties only adds to securing reliable sources.
Acp are very well placed.
Matt Bull
https://twitter.com/TheMarketBullAU/status/1491002181222551554?t=IKMTvKSGGJomd4r27uZTbg&s=19
Sounds good to me.
- Enlarged Footprint
To ensure Armadale has the potential ability to scale up the Mahenge Liandu Project, the Board has applied for three incremental exploration licences, which lifts the total to four across 177.8 sq km (from 28.4 sq km previously). Two of the licences are contiguous to the Mahenge Liandu Project, while the third is circa 15km south. Encouragingly, all of the new ground captured by the licences is highly prospective for graphite mineralisation and significantly elevates Armadale's exploration potential in Tanzania.
Nick Johansen, Director of Armadale, said: "Our vision to become a significant low-cost graphite producer in Tanzania continues to take shape having secured the mining lease in September 2021. We are steadily making progress with all necessary regulatory requirements as we push ahead with plans to commence commercial mining operations in a timely manner. Concurrently, we are thinking beyond the horizon and have expanded the footprint significantly which collectively enhances Armadale's overall exploration potential in Tanzania."
Courtesy of twitter & telegram.
It seems 3 new prospecting license applications have appeared on the Tanzania mining portal as below, Acp laying the groundwork for further expansion down the line.
On the mining portal search type in 'graphite advancements' it'll come up with a menu, at the bottom you will 'Applications' tap on it to see the new license applications.
https://portal.madini.go.tz/map/
3 Applications (the 4th is already active)
PL/19351/2022
PL/19349/2022
PL/19348/2022
https://t.co/5gICdX8O0r
In its annual sales snapshot for 2021, the Society of Motor Manufacturers and Traders (SMMT) said carmakers sold 190,000 battery electric cars across the country last year, accounting for about 11.6% of total sales.
Reflecting growing appetite for greener vehicles, sales rose from 108,000 in 2020, when battery-powered cars accounted for just 6.6% of new cars bought in Britain. In December 2021 alone, electric cars made up 26% of sales, a record for a single month when physical dealerships were allowed to open during the Covid pandemic.
Against a backdrop of global supply chain disruption and shortages of crucial semiconductor chips, overall UK car industry sales for the year were up just 1% from 2020 levels to 1.65m, and remained almost a third below total sales in 2019.
However, sales of battery electric vehicles were a bright spot for the industry, the SMMT said, as Britons bought more electric cars in 2021 than in the previous five years combined.
Mike Hawes, the SMMT’s chief executive, said thelack of microchips used in everything from windscreen wipers to in-car entertainment systems would continue to serve as a drag on the car industry during 2022.
“[It] will undermine the market for the rest of the year,” he said.
“We think demand is still there, demand is still strong,” Hawes told reporters. “The challenge is how to supply to customers.”
Some manufacturers have managed to cope with the disruption better than others. Tesla was the standout electric performer, with its Model 3 becoming the first electric car to rank among the top 10 marques for overall sales. After reporting record deliveries this week, Tesla’s market value has surged in recent days to $1.2tn (£883bn) – more than the next 10 carmakers combined, according to data company Sentieo.
The Model 3 was beaten to the UK top spot by Vauxhall’s Corsa, which also meant that Ford’s Fiesta lost its title as the bestseller for the first time in 12 years.
Our neighbour Blackrock at all time high aud$208m = £112m, nearly 4x Acp's mcap
Upgraded dfs, binding offtakes, finance package to come in the new year & commencement of mine build end of wet season by end of April.
Fill your boots!
From September half yr report rns, note optimised dfs mentioned.. Acp's current npv $430m.
'the Company is also currently in discussions with a number of potential finance partners; we are hoping to be able to announce some further progress with regards to these efforts and also with our offtake discussions in the near term through optimised Definitive Feasibility Study ('DFS').'
Our neighbour Blackrock increased their npv with optimised dfs from $895M in oct 2018 to (US) $1.16BN in July 2019, near 25 percent increase in npv a similar optimised dfs upgrade would give us an (US) $537m