Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
New Pharos broker research document out by Progressive Equity Research, reads really well, clearly strongly cash generative with some huge blue sky upside coning from the Vietnam asset.
Going to see a cash build here now and a re-rate in due course as updates flow and pile increases.
Egypt cash USD payments resumed.
Vietnam very strong cashflow on a premium to brent crude.
Brent over $90.
This will be in the 30s H2.
Pharos now in a very good place, net cash positive, high oil price churning free cash flow. 2 development Vietnam wells in H2 and dividend coming up.
Namibia's battery metal ambitions rest on infrastructure, miners say
Namibia has banned exports of unprocessed lithium, rare earths
First African country to sign critical minerals deal with EU
Oct 25 (Reuters) - Namibia's ambitions to become a manufacturing hub for battery metals key to the global transition to clean energy will require huge investments in infrastructure to support processing facilities, mining executives said on Wednesday.
The southern African country has significant deposits of lithium, vital for renewable energy storage, as well as rare earth minerals needed for permanent magnets in electric vehicles and wind turbines.
Last year Namibia became the first African country to sign a deal with the European Union EU to supply the bloc with green hydrogen and minerals needed for clean energy technologies.
Namibia this year banned the export of unprocessed lithium and rare earth minerals as it seeks to profit from growing global demand for metals used in renewable energy.
Mining executives attending an EU-Namibia conference on critical minerals lauded the African country for its investor-friendly policies and renewable energy resources, but said significant investment was needed before it could produce battery-ready metals.
Andrada Mining (ATM.L) CEO Anthony Viljoen, whose company recently commissioned a lithium pilot plant at its Uis mine in western Namibia, said the country could use its collaboration with the EU to develop the large-scale infrastructure projects needed to support local processing of battery metals.
"Beneficiation gets bandied about quite freely without understanding the complexities. There needs to be a huge investment, concurrent with the development of these facilities, in infrastructure, specifically, water, power and logistics. Those big projects don’t happen overnight," Viljoen said.
Now we are funded to expand from orion and the development bank to increase production and develop processes news will be coming thick and fast.
The result of the lithium deal could literally now hit any day and will be a major sp catalyst.
The CEO and team are really motivated, highly experienced and are on top of this, we are on the cusp of a very special time and sp move.
Andrada is now in a fantastic position to really capitalise, orion and the development bank in place, never been in a better place. The next leg will start soon, so much going on here and in the CEO's own words a transformational period ahead.
Those are brilliant intersections at Lithium Ridge and with Uis we probably have one of the biggest and highest quality lithium resource in the World.
It would not surprise me with what we have here to see a company come and try to bypass the strategic offer process and outright company bid.