Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
People didn't realise the JV was for just for the lithium rights until the UFO RNS. Someone even sold 18.5M shares at 0.143p!
They got the wrong end of the stick again, probably due to reading posts here.
As a real shareholder, I am delighted with this deal.
Alien Metals and Errawarra Resources are pleased to announce the formation of a strategic farm-out joint venture to accelerate exploration and development of the highly prospective Pinderi Hills Lithium Project.
https://twitter.com/AlienMetals/status/1784935354719514725
Alien Metals and Errawarra Resources are pleased to announce the formation of a strategic farm-out joint venture to accelerate exploration and development of the highly prospective Pinderi Hills Lithium Project.
https://twitter.com/AlienMetals/status/1784934040295940546
Alien Executes up to A$4 million Farm-Out Joint Venture for Lithium Rights on Pinderi Hills Project, including A$0.5 million Subscription
https://www.londonstockexchange.com/news-article/UFO/a-4m-farm-out-jv-for-lithium-rights-at-pinderi/16445794
Boom. They confirmed the presence of pegmatites during the ground reconnaissance.
“Having identified and confirmed a large pegmatite swarm on the Tenements”
“The Lithium Caesium Tantalum (LCT) pegmatite target areas have been identified in mafic-ultramafic rocks within the Pindari tenements near “hot” granites.”
“A large number of pegmatite type geomorphic features associated with the Maitland Mafic Intrusion have been interpreted from imagery with some confirmed during ground reconnaissance.”
Intra-day RNS or 7am RNS?
Some insane moves in Chinese property stocks today.
https://twitter.com/DavidInglesTV/status/1784789507520475424
Not sure why people are waiting for a placing.
UFO Executive Chairman Guy Robertson said:
"We are not going to fund these projects on our own going forward and as I said earlier, we have got a number of proposals on the table for both which are under review.”
"alien metals secures 21-year mining lease for han**** iron ore project in western australia"
https://twitter.com/directors talk/status/1783877457550233844
have a nice weekend :)
Iron ore price set for 3rd weekly rise on China demand
https://www.mining.com/web/iron-ore-price-set-for-3rd-weekly-rise-on-china-demand/
"The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) recouped earlier losses and closed daytime trade 0.06% higher at 884.5 yuan ($122.07) a metric ton."
JV route sounds good to me.
Any percentage of IOCA we have to give up for the JV, we make back on significantly reduced larger player Operating Costs.
We then also significantly increasing the size of the pie very, very quickly by drilling.
Ridges in Hanc0ck continue for several kilometers.
Mallina has same geological units as Sirius, but never been drilled before.
Brockman has an est exploration target of 233Mt!
Vivash Gorge has POW (drill permit) in place ready for drilling.
Just need to look at the mega trend. China are adding 300 million people (size of USA population) to their middle class by 2030. Then add India which are adding 600 million people to their middle class by 2030.
Then add the ASEAN region etc.
Not enough to go around.
UBS analyst turns positive on China's property market after being first to downgrade China Evergrande to sell three years ago:
https://twitter.com/CathyYuanZhang/status/1783689534737432609
New UFO Linkedin post:
https://www.linkedin.com/company/alienmetals/posts/?feedView=all
His Excellency The Honourable Stephen Smith Australian High Commissioner to the United Kingdom also speaking
https://uk.embassy.gov.au/lhlh/HC.html
Someone has friends in high places.
Well done again to the UFO management team putting this together. Getting serious.
Very, very interesting 🧩🧩🧩
IMO good news definitely coming before the event.
The Anglo deal from 2022 was an offtake deal, not JV.
RNS last year stated UFO received offtake term sheets from other interested parties also.
Funding Facility RNS stated:
"We have recently received positive interest from potential Joint Venture partners following the results of the Development Study."
Then UFO Executive Chairman Guy Robertson confirmed we are going down the JV route:
https://www.youtube.com/watch?v=9u5DyNaRKOo
Alwyn also mentioned in his IG interview:
"There are quite a few interested parties talking with us about a joint development."
Anglo deal was up to 3Mt of product over a 3 year period.
Now situation has changed with JV deal on table to "targeted to deliver a mining operation of 2 Mt per annum".