Member Info for Laverda

Chuggly I thought it read that it had a three year life, the plant that is.

Just read their RNS, they have a production based loan arrangement, they must start production around the end of March and produce 3,600 tonnes of end product per month minimum, if they don't hit this tonnage they have interest to pay, not sure how far beyond the end of March they can be delayed before penalties trigger there too. This is from the RNS, q&a or presentations may give a more detailed picture.
Not sure of the interest in this one as it is not in Mali and not going into full production, has a tiny acreage and is not on virgin ground. They are going down our original plan of extracting other materials, or at least identifying and separating them.
They have lithium in common but not much else in common.
We have hundreds of square kilometres of virgin ground bordering another lithium mine, the current land in the mining licence alone producing our NPV figure (used for finance) plus Goldfields one of which has a buyout offer on the table.
Very different.

Wand, I don't follow them closely either, as far as I am aware they have permission for a low tonnage pilot plant on their 3. Something square kilometre Zulu site.

RB, this is not a pilot.

2ticks, lol, clothes pegs are still relevant in this world.

100notout, agree as far as Kod and AIM goes out and out research in every area only, may as well go to Gypsy Rose Lee than use a chart in my opinion.

https://www.chroniclelive.co.uk/news/north-east-news/britishvolt-blyth-electric-battery-buyer-25452374

Tata supposed to be thinking of buying it.

https://m.miningweekly.com/article/uk-supporting-the-construction-of-large-scale-lithium-refinery-2022-11-07

Onlyking, true Blyth and Middlesbrough should be up and running in a couple of years.
Any more opening anywhere else in the country?
China is well established.

Elcobble, remember interest has to be added if they go it alone on finance, heavy interest on high risk industry.
Country and currency risk will be high to a lender. Plenty out there though.

Jolly creating 1,000 jobs with proper mortgage paying wages. Love or hate Boris, him and his Brexit team have put thousands of high paid jobs in the North, another government will no doubt take the credit when they are completely built and open in the following years.

Guido I don't think that was the case, pulling everything out of the ground, later on including lower grade lithium, was less profitable than pulling only high grade on lower annual tonnage cost and lower capital cost.
Nothing more than that.
Plus this on the first plot, lithium is so highly priced today that this will repay the loan in less than one year, then make profit and fund further development.
Nobody saw lithium being this valuable, therefore a change of plan

Creaser, agree and 750m would be cheap. We have a vast lithium acreage to explore, which borders Ganfengs lithium mine and is multiples of the 500+m post tax npv land in the study, which only accounts for 97km squared of our land.
Plus the Goldfields of course.
I wish we were told what the offer on one of our goldfields was

Paris, clotted arteries

Agree Hope - I also hope that they have been working on the final wording of their contracts and the legal bods have agreed on both sides, then it could be two RNS in succession. First the government update then the JV, finance or whatever and finalised offtake.

Yes Dusty, I don't see it as an issue.
It is Africa.

Always drops when Mali and Russia are together in the news.
Russia sending food and fuel.

Ricky I agree with Daz's comments below. The important thing is that there is no set price on the sale of our lithium - Bernie confirmed it in a q&a session. We get full market price.
Again, bit of a stuck record on this one, it would have been good if the website gave as an update on the Suay Chin situation before we entered this last stage or at least gave us the elements that had to be in an offtake agreement if it was furthered, finance is normally a basis element.
But it was not updated and nobody knows if a JV would just be on mining or include an offtake. We know after three years of production it could be up for grabs if it cannot be matched, so a mining company could have its eye on that after three years and with mining sweeteners thrown in, it would be difficult for a non mining company to match.
We may well know before Christmas.

Pennypot, cheers, good to see you are still around.
Once the first RNS drops everyone will be back on the board.
I couldn't remember who it was, loads of us could log in, but not many understood the written French! Thank you.

Merc I think someone is logging into the Mali government website, we knew when the government picked up our licence application last year as the status changes. It might have been fartjet or Daz I can't remember. You need to know your french.