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Interesting times:

Sulphur, prices have risen significantly.

China does not have enough sulphur imports 50%

40% comes from Middle East.

Sulfur prices have seen extreme volatility, recently reaching peaks of nearly 6,260 CNY/t (approx. $865 USD/t).

Consumption Penalty: Because lepidolite requires 3–4 times more sulfuric acid per tonne of lithium produced than SC6 spodumene, high sulfur prices act as a direct tax on low-grade refining.

Cost Gap: Processing lithium from lepidolite in China currently costs between 80,000–120,000 RMB/t, whereas spodumene refining remains closer to 60,000 RMB/t. Surging sulfur prices are pushing lepidolite costs toward the higher end of that range, making it a "marginal" or loss-making source for many.

Priority Shift: During sulfur shortages, the Chinese government typically prioritises agricultural fertilisers over industrial lithium refining.

Competition for SC6: This forced scarcity is driving a rush for high-grade spodumene from "safe" sources like Australia and Africa, causing spodumene prices to rise independently of the lithium salt market

@CeeJay well we know at least 3,

Bulk electricity (- 30-50 reduction)

Dry tailings no pond, smaller foot print ( capex/opex reduction)

2ndry Off take ( feldspar, quartz…)

@Servalan others more experienced may advise, but FID is usually the key element/de risking. The drama from RAT was, how to put a little unique due to the obvious.

Meh, small caps wander nothing new. As for the takeover at 50. It definitely needs a blowing positive gale for that to happen just now. This week or next week, we shall have some clarity.

He has removed the cotes side and setup the leverage so far. So it is down to commercial andrew Henry, Macquarie and Neil for offtake and any other deals.

Assuming Keith has set out the stall in phase 1 and 2 for the mine, and is just supporting any technical queries etc. which I would like to think have been done by now.

Nope he hasn’t from what I can see, hence is that telling, as he is the strategist and deal maker.

Yeah a big fat cheque, or date when that cheque is due to land 😆

You would like to think so, I did anticipate lack of news (being +), just not the pensions setting the floor.

The optimisations should be in the bid room. That just leaves an update in progress, timelines and the reduction in the cost to build the mine or reducing the inflationary pressures to keep it flat (hopefully , the war hasn’t messed with figures further), this and the AISC reducing.

To get to 50 it would need to be the last bidder, who wanted 100 percent of the offtake. I would assume to get Assore higher it would need to be after offtake at least.

The silence though is very interesting, hopefully we get an update by end of next week

@TeddyKGB yeah spotted that yesterday on the chamber of mines. MIF, however if anything I think it will be the pensions.

Still curious to see if they have stacked the news for end of month quarterly update and run up for the pension warrants or not.

@5toamillion were you not at the meeting? When we all agreed, to update our holdings notify market etc. and Neil and Keith released the RNS? Assore were very efficient, nice bunch.

@5toamillion the board are doing both 😆,

Phase 1:

the short term funding just done etc. removes leverage in the offtake discussions no urgent need to for cash as explained by them.

The phase 2 offtake deal.

😆

Over 12 years at 1,500 as per DFS we make the below from elevra alone. Or basically 50 percent of the LOM has already been sold..

Based on the US$6.6 billion total project revenue estimate from the Definitive Feasibility Study (DFS), the 50% share tied to the Elevra Lithium (formerly Piedmont) offtake is roughly US$3.3 billion in gross revenue. From that specific half of the production, Atlantic Lithium is projected to retain approximately US$1.1 billion in net profit over the 12-year life-of-mine.

@RamonM this is the size of deal 1.14bn-2bn over 5 years. folk want this turned around in a couple of weeks here.

For a 5-year offtake deal at a baseline of US$1,300 per tonne, the estimated value for Atlantic Lithium’s remaining 50% output is approximately US$1.14 billion

What I want to see is off take and partner for Coates going forward. Which I is all feasible.

We are doing it, board just need Macquarie capital to manage it through.

Sigma deal is non dilutive, so exactly what we’re looking for has been done yesterday.

Yip we only need 37 million, so it will get interesting. Think they said couple months after rat, so good for an update shortly on progress.

@JackB14 we sign off take like sigma. This goes to 35-40 , takeover needs to shift 50-60.

Mean while in Ghana the chamber of mines now wants MIF to buy more ALL shares and celebrating the deal.

https://x.com/a_eyereport/status/2038965955171103005?s=46&t=gJ40HEpUT4gYZeQiLJHwfw

Again another offtake deal done, non dilutive, they announced yesterday. Hopefully a sign of things to come.

The deals, totaling US$146 million in offtake agreements, are structured to finance operations through organic cash flow and prepayments for future product delivery.

Key Details of the Non-Dilutive Deals:

Production-Backed Prepayments: The agreements consist of US$96 million in prepayments for 70,500 tonnes of high-grade lithium in 2026, structured as a working capital revolver with monthly disbursements.

Long-Term Prepayment: A second agreement includes a $50 million prepayment for 40,000 tonnes annually over three years, which will support expansion plans without requiring new share issuance.