Member Info for Kiwi_

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First step: reduce the dependence on components. Europe imports 86% of the lithium that it consumes, produced mainly in Chile and Australia.

Portugal is already the main European producer, with a market share of 11%, but its production is entirely used for ceramics and glassware.

"We know that Portugal has the largest deposits in Europe, and the question is whether it is economically viable to extract it because it is a very competitive global market," says Lucas Bednarski.

According to his estimates, the production of lithium extracted from Portuguese granite rock is about 2.5 times more expensive than that produced from Chilean brine deposits.

- International invitation to tender -

"We are seeing a white gold rush in many parts of the world, and for Europe and its automotive sector, the idea of ​​a supply chain from ore to electric cars is very attractive," says Howard. Klein, from New York investment consulting firm RK Equity.

AFP / Francisco LEONG
Barroso mine in Boticas in northern Portugal, September 3, 2018
In Portugal, the race is already launched with the projects of Boticas and Montalegre, who hope to obtain in the coming months the final green light of investors and authorities.

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The explosion in the battery industry has sparked a craze for lithium "and its market value has tripled in three years," says Lucas Bednarski, director of market research firm Lithium Today.

- Reducing European dependence -

This white silver metal, which is already used to make lithium-ion batteries used in phones and laptops, will be more and more sought after because of the development of the electric car, which needs much more powerful batteries.

"Lithium could be worth gold for Portugal, since we estimate that in 2025 the European battery market will be worth 250 billion euros a year", says the vice president of the European Commission in charge of Energy , Maros Sefcovic.

For almost a year now, the Slovakian Commissioner has been working on a sector project capable of building a new generation of "green", recyclable and reusable electric batteries within the EU.

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"The more we dig, the more we find," said David Archer at the foot of a drilling crane that, in a deafening noise, perforated the granite rock of the mountains of northern Portugal to measure the lithium content , become a "white gold" since the demand for electric batteries explodes.

The UK mining company he runs, Savannah Resources, hopes to open in 2020 "the first major lithium mine in Europe," he told AFP on the heights of Boticas, in the region of Vila Real.

On Monday, Savannah announced that it had revised the estimate of the Mina do Barroso deposits up 44% to 20.1 million tonnes of ore with a lithium content of 1.04%.

25 kilometers away, in neighboring Montalegre, the Portuguese company Lusorecursos also claims to be seated on "the largest lithium deposit in Europe", or 30 million tonnes of ore grading 1.09% that it intends to start extracting in 2020 as well, according to its financial director Ricardo Pinheiro.

Let me see if I can get a french speaker on to it

;)

But it is starting to look like an 'unintentional' orchestrated asset strip

3Card, I wish it were true

" recovering the millions from former associates and AC"

Where has he stated he was contemplating that?

JLP appears very well placed.

It's looking interesting alright

A measley 49 Million to go, lol. Looking to add another couple of million.

Roll on WICK!

Looking good for a crack at 1p today, plenty of movements about WICK at the moment. BOIL has picked up this morning

;)

Happy Days!

CGH is now showing in my account with a value where as previously it has always been zero

Mate the Oman licence is due to land any day to. That has now been signed off by all members of the Govt, mining of copper to commence Q1 2019 Oman I believe. SAV also recently obtained a dual listing in Frankfurt as of last week, so we may start to see some decent moves there. We can only hope as the majority of AIM regardless of name remains firmly within the grasps of the never ending descending wedge. :P

Nice find their KingIvor, 800-900 boepd.

“This is an amazing opportunity to re-enter neglected existing oil fields. We are already planning the next step investment, which would require putting $19 million into existing properties to generate 2,500 boepd

Even then our market cap will look to cheap at 15 Million

and we are 1.2p bound!

;)

Highest VOLUME in last year 163 Million in 04 March 2018, we could clear what's left of the overhang in a single morning!

Well done all!

;)

129 Million (Approximately), amount of overhang left to clear 49 Million (Approximately off the back of fag packet calc)

;)

We could potentially clear the rest in one day.

Exciting times ahead!

;)