Member Info for MajorOak

Lithium Brine in Cornwall. The potential and hopefully a nod to those trying to work out figures for Cornish Lithium IPO towards the end of Sept to October ?

Standard Lithium ARE now progressing to the first phase.

Preliminary Economic Assessment

A Preliminary Economic Assessment prepared by Advisian, a consulting arm of Worley Parsons, released June 18, 2019 considers the production of battery-quality lithium carbonate through a phased build-out to a total 20,900 tonnes per annum (tpa) from the contemplated joint venture with Lanxess AG at their three-operating bromine-processing plants.

Link here to LANXESS JV announcement

Link here to download NI 43-101 Preliminary Economic Assessment Technical Report

Key Points:

Annual production: 20,900 tonnes lithium carbonate (1)
Plant operation: 25 years (2)
Total capital expenditures estimate of US$437 Million (3)
Non-optimised reagent cost per tonne lithium carbonate of US$3,107
All-in operating costs, including all direct and indirect costs, reagent, sustaining capital, insurance and mine-closure costs of US$4,319 per tonne of lithium carbonate (4)
Average selling price $13,550 USD per tonne battery quality lithium carbonate (5)
Pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%
Post-tax US$ 989 Million NPV an 8% discount rate and IRR of 36%
Resource upgraded to 3,140,000 tonnes Lithium Carbonate Equivalent (LCE) at the Indicated Category

Atlantic Lithium are to list on ASX aswell as the current listing on AIM at the end of September with PEA due by end of September Q3.
This leads straight in to DFS which by all accounts is extremely straight forward as its open pit strip, no major processing plant just crushing the raw feed down. Crushing to 10mm is unusual and the rare purity of this mine means, the bulk weight that is shipped is well above the average shipment of lithium spodumene at a high concentrate.
IE the cost of shipping tonnage of low grade eats at the viability. Atlantic are not planning to process their dirt. Crush it and ship it. Simple clean operation with high tonnage.
Piedmont own / bought 50% of production but their own lithoum hydroxide facility now to be in Tennessee announced only last week will not be running until atleast 2025 ?

So I ask if Atlantic Lithium are going in to production at the end of 2023 , who is getting the feedstock ?

It is so high in quality it does not even need flotation tanks and acids to remove impurities as with pretty much most lithium rock mines that I know of.

Hmmm. 2023 ... Who is opening a processing plant for Lithium in 2023 ? I am pretty damn sure its not going to China as they currently process 85+% of ALL LITHIUM production !!!

So where will all the 100,000tpa+ go until 2025 ?

Alkemy Capital's plans for lithium hydroxide processing , the FIRST Australian processing plant could have been given a handy nudge overnight in Australia.

For holders here I think it extremely worthwhile keeping an eye on Pilbara area which will feed the new and FIRST Lithium Hydroxide Processing Plant in Australia - quite amazing really considering the full might of the Ozzies lithium miners ???

https://www.fool.com.au/2022/09/06/why-did-the-sayona-mining-share-price-shoot-6-higher-today/

One trade shown as a buy one as a sell. I see they are still being corrupt then. The leopard never changes its spots.

Just waiting now for this house cat to become the lion.

Lithium in Europe.

I'm in , £5k & £3k this am.

With the city coming back to work from summer and the gap between the European / US markets reopening to Australia markets cooling in their summer the window is now. Sept - Dec.

As winter hits Europe the political pressures will really hike up and I do mean this is nothing compared to what is coming in the political world.

Most companies with very large to large lithium assets have had offers of offtakes well before production . Cinovec is simply the largest in Europe !

CEZ as a power company will really be put under extreme pressures from the public and what better than job creation, green/brownfield development. The words "worldclass Czech Lithium" "Czech production for Europe" will go someway to keeping the political angst and population in the mire in mid winter , knowing they are being progressive.

In my view if they are ever going to get this critical project started it has to be now and has to become a countries focus, very much like UK lithium and battery market ongoing from here.

Looking for a very quick return to the 80-90p level in a pretty smart time.

If there is nothing before Christmas then it will never get going , the will, the need , the public pressure, the political pressure, the energy sector pressures are ALL there !

The time is now.

Mercedes and ProLogium MoU for nrw solid state Lithium batteries
https://www.prnewswire.com/news-releases/prologium-and-mercedes-benz-entered-into-a-technology-cooperation-agreement-to-develop-solid-state-battery-cells-for-electric-vehicles-301469355.html

"Volkswagen and Mercedes-Benz struck battery materials cooperation agreements with mineral-rich Canada on Tuesday, intensifying efforts to secure access to lithium, nickel and cobalt.

The move comes as automakers roll out their electric-vehicle expansion strategies globally in a bid to challenge sector leader Tesla. These strategies depend on sufficient supplies of vital battery materials.

No financial details were disclosed for the memorandum of understanding (MoU) agreements, which were signed in Canada during a visit by German Chancellor Olaf Scholz and a delegation of German corporate representatives."

Tees Valley Lithium processing plant is in the perfect position being the ONLY Lithium processing plant planned to be built in 2023 and the only one in Europe!

Lithium Hydroxide and Lithium Carbonate will be needed to feed this Taiwanese batteey mufacturers SUPER Gigafactory.

https://www.cityam.com/uk-in-the-running-for-7bn-lithium-battery-gigafactory-among-european-peers/

UK Lithium Hydroxide will be needed more than ever.
Russia's conflict in Ukraine has been rumbling on for years , the is no quick fix , or should I say its extremely unlikely that Russia are going to let Europe off its support of the Ukraine, even if a truce can be gained.

With a long term energy issue now in its full blown glory and only going to get worse for the UK and inflation, manufacturing and all extra pressure on a split government. Support for anything in the green energy sector should be forthcoming.
Europe inc the UK does not have a Lithium processing plant yet there are 30+ gigafactories planned / being built / built and ready to go.

Tees Valley Lithium will be asked by companies operating in the EU to help supply the lithium carbonate and more importantly lithium hydroxide for all those EV cars , Electrical Storage and general supply to industry.

The shutdown totally of gas supply draws a new red line and he is not backing down soon.

BBC News - Russia blames sanctions for gas pipeline shutdown
https://www.bbc.co.uk/news/business-62789675

Short cuts in cost per ton and operationally.

1 - Mix the rock lithium with already processed clay china waste. I know a few companies looking at a pilot plant have produced low tonnage say 5,000tpa plant. This senario is perfect to keep costs low on an on ground pilot plant and sell the production way before major construction starts ie bringing in just a few quid as working cap.

2 - And I cannot stress this enough. Hot water being brought to surface for heating and power will contain lithium. It is a simple chemical process via DLE that has been used in various forms over 50 years, now the most effective is Sorbant extraction , basically a nano filter thats design to capture the lithium mica and then dry it within 24-36 hours. Tap it out and you have a powder that can be shipped to Tees Valley Lithium plant for direct processing ! No need to build a $370m hydroxide plant, they are doing all the lifting. Just test the plant snd scale up.

3 - Scale up is basic too. So say you test pilot a plant - now I am guessing at figures as it is a basic example - you want 5,000tpa lithium feedstock. They work out how many cubic metres are needed to pass through and either be fed off to heat homes or feed back down in a closed loop case to refill the aquifer to retain water pressure over time. The plant will need a holding tank for the lithium required to then dry and tap out. Once they get that equation right through testing, you simply copy and paste. Its a chemical process NOT mining.
For 5,000 = test plant. Once up, just add the correct sice cylinder and heat exchange to dry and you have another 5,000tpa.

Literally wash and repeat x 5,000 x how many tons you need. 20,000 tpa would be say pilot + 3 more sized pilot plants. The exact energy use to orocess and time will stay the same from pilot to the other 3 x 5,000 cylinders. Cost is kept under control , add solar and hydrogen and you are getting pretty green energy.

Firstly I am struggling with long covid , migraines and nausea when getting , have since June so I'm not able to povide my normal level of info. Caring for wife who had a big eye op late last week, hole in her eye needing 6am - midnight care every 45 mins or so.

From my little bit of research in the last hour, oil is dropping, tin is as you say with only 6,500tn in play rather than say 30,000tn and a glut, copper, some lithiums, nickel all dropping against shortages and world issues.

Basically a few guys I trust on the forums are saying the West are trying bring down commodity values inc the short term hit by reduced spending in the West, thus in the slightly longer term getting spending moving as prices come within the expected cost manufacturer valuation projections.

EG How did LG think a standard ev battery would cost a year ago? Cobalt, Lithium, Nickel, Copper all surged well above a sensible cost to build. Supplying by scale and huge scale can get you much nearer to cost, but ev sales are not high enough yet neither are the kevels of metals available for supply.
Ukraine, Covid , global debt and political tensions are at extreme levels.

Dont worry. Tin is still mainly a Chinese , Indonesian product. Nothing in the US at all !!! Who put a huge wedge in to CUSN this year ? Its not just lithium the US do not have ;-)

Interesting article connecting feedstocks of lithium spodumene directly to Tees Valley Lithium !

https://www.abc.net.au/news/rural/2022-09-02/alkemy-lithium-sulphate-refinery-plant-port-hedland-pilbara/101350888

Aparently Tees Valley and Port Hedland can take more raw lithium and it can be processed at Teeside ;-)))

Now who's going to process Cornish Lithium / Lepidico / Traxys businesses ?

ALK & TVL and you may want to look at when Atlantic Lithium - ex member of Piedmont Lithium - now at the helm of TVL. Atlantic start production and shipping of 10mm coarse feedstock next year Q4 I believe so any deals will be within the next few months.

Just saying ...

https://www.abc.net.au/news/rural/2022-09-02/alkemy-lithium-sulphate-refinery-plant-port-hedland-pilbara/101350888

Tees Valley Lithium hydroxide facility, which would be supplied by the Port Hedland LSM refinery, was expected to be in production by 2024.

4 lines of spodumene production crushing down then supplying the feedstock to Tees Valley Lithium to I guess be bought by TRAXYS and supplied in to Europe !

But Martin Jackson, a senior analyst with the UK-based CRU Group, described the plans as "interesting" and its proposed timelines as "lofty".

"No-one has really done anything like this before," he said.
"Mr Jackson said the Tees Valley Lithium hydroxide facility, which would be supplied by the Port Hedland LSM refinery, was expected to be in production by 2024."

"Given current rates of Australian production, he also believed Alkemy would struggle to source enough spodumene to keep the proposed plant in production."

When will Atlantic Lithium 10mm coarse grain tonnage for shipping , come online ? ;-). Next year !

Who's got a link to PLL who are buying 50% of Atlantics lithium spodumene production , that is NOT being processed in Ghana from 2023?

PLL only yesterday announced the Tenneessee Lithium Hydroxide plant will open in 2025.

That around 250,000-400,000 tons of lithium hydroxide that needs processing to hydroxide ...?

My guess is Atlantic are the next feedstock from the Aussie supply clearly targetted for the UK.

Alkemy Capital Lithium supply.
"it makes no sense to load up our ships with waste in order to decarbonise the transport industry, so what we want to do is bring as much of the downstream processing to WA as possible before shipping to the UK".

96,000 tonnes of lithium hydroxide — all to supply Europe's fast-growing electric battery market.

And where is 720,000 tonnes of spodumene feedstock going to be processed ? Hell of a lot of plant needed to supply 96,000 tpa of Lithium Hydroxide TO EUROPE.

Alkemy Capital lithium supply news.
"Longer term, 720,000 tonnes of spodumene concentrate processed each year at the Port Hedland site would produce 96,000 tonnes of lithium hydroxide — all to supply Europe's fast-growing electric battery market."