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A screen shot of the above from Rio*s presentations: "Significant Supply Gap emerging for lithium."
https://twitter.com/HC_Haplo/status/1450780691990396940 Oct 20, 2021
[Details are in the screen shot shown from Rio]

---Industry News---

Caveat Emptor 11:25am, Wed, 20 Oct 2021.
Quote: "Several points during EVENING Colin was asked about a possible buy out. Colin did seem to lean toward a QUICK SALE being a better option for current shareholders and 25p -30p was mentioned in this CONTEXT. Colin repeatedly stated OCT 2022 as a back-stop for triggering the BUY-OUT CLAUSE, so I think he would be happy with an early sale.

I think that if AA came forward with a offer of 25p+ tomorrow, then CB would be only too happy to sit down and start negotiations."

[Ref: Evening with Colin Bird, Executive Chairman for shareholders of XTR etc on 14.10,21 in London]

Comment:
Posting for my archives. I did STUDY Mr Bird*s MODUS OPERANDI and he goes for a quick sale at the level like Kiwara in Zambia to First Quantum of some US$265m from recall.

Yes, as I said, a long drawn play out like what others want may end up with a situ like...better not mention the name. Mr Bird is cognisant of the empirical cases.

Wed, 20 Oct 2021.

As a point of interest:
Tweet from Solgold, 10 hrs ago re: MRE [18 holes] at Tandayama.
Screen shot shows: " OPEN PIT - CUT OFF GRADE 0.16% cu eq.
Underground Cut Off - 0.28% cu eq."

Link: https://twitter.com/SolGold_plc Tues, 19 Oct 2021.

Comment:
XTR*s Scoping Study shows 0.15 % cu cut-off once copper reaches $10,000?
Currently, copper price is US$11,000.
A much discussed topic in the past but now the above MRE also shows that open-pit cut off is around this grade although 0.16% cu eq.

"The London Copper market is in a historic flash squeeze, as a critical short fall in available inventories drives prices to near record prices and.."-Bloomberg, 42 mins ago, Tues, 19 Oct 2021
https://twitter.com/BloombergAsia

Re: Copper US$11,000/t as tweeted by Xtract Resources today, 19.10.21

The situation:
"Do you understand the current copper situation? The LME spot- 3mths f/ward spread is in major panic mode because guess what? THERE IS NO INVENTORY LEFT! It was 20% of 1 days worth last week." 7 hrs ago, Tues, 19.10.21
Link: https://twitter.com/StockTrader1_0/status/1450335838039052292 By StockTrade 1.0

Copper price as tweeted by XTR today, 19.10.21 at $11,000.
Per scoping study, CUT-OFF is now in theory 0.15% cu from recall.
Just sayin.

Hello, FTF, if you are still reading, you are a follower of Tandy, that will be a
text book case and for the early folks who said 0. 33% cu eq is NOT good enough grades for open pittable and at 233Mt only at this stage for 18 holes ONLY.

Note : Eq which means NOT all is copper cu but some gold presumably = copper grade is assumed to be lower than 0.33%.

That*s the proof out now.

Tues 19 Oct 2021.

The subject of discussion ie Tandayama:

1] MRE based on 18 holes.
2] 233 Mt @ 0.33% CU EQ.

3] Potentially OPEN-PITTABLE- 201.7 Mt @0.33% cu eq. Higher grade zone 10.6 Mt @0.41% cu eq and 5.2 Mt @0.45% cu Eq.

My Comment:
As said, Dr Rohlach Phd, Chief Geo said at inception that 18-23 holes are sufficient for a Maiden Resource Statement. 2ndly, OPEN PITTABLE 233 Mt @0.33% cu EQ

"Copper price soars to new highs as stockpiles hit 47 year low."-1 hr ago, Mon 18 Oct 2021.
https://twitter.com/Copperbelt_CKM
----
XTR is in the right commodity ie copper at Racecourse.

Australians are LOOKING FOR THE NEXT Pilbara Minerals, Vulcan Energy.

CORE LITHIUM IS AUSTRALIA*S NEXT LITHIUM SPODUMENE PRODUCER in the Northern Territory, Australia with higher grades and low cost. Core* mkt cap is A$ 8 5 1 MILLION @ 55c.

So, the chasing pack are Charger [lower end of Core*s licence area & Castillo, adjacent to Core*s DFS deposits] and AUSTRALASIAN GOLD [A8G].

IRR owns 12% of A8G due to selling them their May Queen gold project = Investee co.

Lithium Plus, a Chinese co per A8G folks on HC are busy PEGGING everywhere in the NT, Australia via licences.

So, the chase is on and Dr Zeng or Qiantao Zeng said in a video he HOPES its A8G as he thinks someone has to find another deposit [lithium spodumene] in the NT, Australia after Core?

However, Charger has not moved much nor Castillo for that matter.

However, the mention of RUIFU AND XINFENG , the 2 cornerstone investors in A8G somehow has put a light on the shares. I hope to read why later. Maybe, ONE WILL FIND IT OR NONE, ONE DOES NOT KNOW UNTIL DRILLING STARTS AND RESULTS COME OUT.

Interesting.
Mon, 18 Oct 2021. DYOR.

I posted about my perception of what was happening at IRR*s A8G.
This was due to the very recent ANN/RNS about the 2 cornerstone investors, RUI FU & XI FENG.
This started the interest in A8G, IRR*s investee co on ASX which is NEWLY LISTED.

On HC, these are the postings:

"Top 20 own 60%. They*re not selling." -Gonzarella.

"SENDEROS ON HC A8G: Just listen to the Investor Presentation & watch Dr Zeng*s body language. Then , read about the NEW CORNERSTONE INVESTORS and simply connect the dots."

Another on HC A8G: "A lithium rush."

Yeah, Australians are keen to find the next lithium play.

Mon, 18 Oct 2021

HFox1 on Twitter:
"I thought US$1,000/t would put the cat amonst the pigeons.

Fastmarkets current price is : US$2,250 [14.10.21]

That would be --------------US$2,000 MARGIN-------------4 IRR & PLL @EOWYAA 295ktpa
$5.91 bn LoM Revenue."

https://twitter.com/claudiohfox/status/1448948073472958465 15 Oct 2021.

IRR owns some 12% of Australasian Gold on the ASX [A8G] as a result of selling them the May Queen project in Australia.

NoBe in his post below stated that IRR owns 5.5 MILLION SHARES OF A8G which at Australian 64c comes to some A$3.5million. So, at 88c [Australian], IRR*s share is A$4.8 MILLION. Thanks to NoBe.

Last night, on the ASX Australia, A8G opened 19% + and finished at Australian 88c + 36.4%.
On Chi-X, the rise was +38.9%. On HC, it was one of the star performers if not the star but I only watched the opening. THE MARKET CAP: A$40.97 MILLION.

What happened? From what I perceive, this run of A8G started with 2 Chinese investors taking part in a A$2.5m "strategic placement." SHANDON RUIFU Lithium & XINFENG took $1m each @45c [Australian]. The project of interest: MT PEAKE LITHIUM PROJECT, NT, Australia which is the other end of Core Lithium*s Finniss Project, Australia*s next spodumene producer slated to be H2, 2022 or some reports say End 2022.

On HC A8G, one poster said Lithium Plus, a Chinese co is PEGGING licences all over NT in search for lithium.

As far as I am aware, only 2 other co*s [listed on ASX and one dual-listed on London/ASX] are looking for lithium spodumene close to Core Lithium*s Finniss lithium project, NT, Australia ie
Charger & Castillo [under 90 day due diligence option]. Charger is at the southern end of Core whilst Castillo is adjacent to Core. However, the interest at this MOMENT SEEMS to be A8G.

---------
IRR*S GHANA LITHIUM PROJECT WITH PIEDMONT [SPODUMENE]
The spodumene prices spot cif China have jumped to US$2,000-$2,500 a/c to Fastmarkets.
This is MANY TIMES IRR*s selling price in the study. IRR*s cost is also one of 2 of the lowest.
I will look it up when I have more time. If anyone is interested, kindly click on my profile and see the post I posted on kdnc.pl with the link to said spodumene screen-shot of the Fastmarket spodumene prices.

Many are not aware?

News, Mon 18 Oct 2021.

CCZ ASX ANN: " Drilling underway at Arya Copper Project."-18.10.21

CCZ shares in Australia are +5.41% @39c , Mkt Cap: A$48.02m @00:36 UK time, 18.10.21
See post below for the link to the ANN.

Stockbox Live Interview with Alan Green on KDNC.

Mr Bird mentioned very early on about XTR*s Racecourse vs Alkane*s BODA .. WHAT.... $400m [A$].

Alkane is currently A$568 million OR £307 million [£1 = A$1.85]
https://hotcopper.com/asx/alk/

vs

XTR*s market cap: £43. 95 million OR A$81.4 Million

So, Mr Bird, a very undervalued mkt cap for XTR at this stage as you said some time ago ie XTR VS BODA....... W H A T $400M.

So, await a catalyst eg investment by a major to show the value?

Thank you.
News, Sun, 9:10pm

------------------Mr Bird: I am sure Mr Biswas will be most happy to take a stake in XTR for
Racecourse. Why? They have plant at Cadia-Ridgeway etc. That will be the catalyst needed
as a major comes in with an investment. It serves to indicate to the buy-out potential partner that another major may be in the wings.----------

Since you read the forums, it would be a good way to unlock shareholder value a*la Solgold style Thank you.

Sorry for a few typos in my last post.

Sun 17 Oct 2021.

-----------Mr Bird, could we do a a*la SOLGOLD, ie get a INVESTMENT from a major or the major at a PREMIUM? You stated in Dec 2020, 1st few interviews that you are going to drill Racecourse-Bushranger like "GOOD O*LE DAYS OF SOLGOLD."---------

Most folks on Solgold, history now had this and that to say. ONE MORNING, an RNS appeared out of the BLUE stating NEWCREST had taken an investment in Solgold AT A "HUGE" PREMIUM.
Think Sanga also participated ie the Investment Banker. Later, BHP also shares at a PREMIUM.

By now, Racecourse is CLOSER to an MRE update given 21 holes have been drilled. Whatever one chose to call it, there appears to be sufficient holes for an UPDATE of some sort.

The MAJORS can read TECHNICAL DATA/GEOPHYSICS and therefore, why you said in London on 14.10.21, the MAJORS ARE WATCHING [para-phrased].

So, that is a better way than the earlier suggestion today.

---------I AM SURE MR BIRD, YOU CAN EFFECT THIS OR ATTEMPT TO EFFECT THIS. THANK YOU.----

News, Sun 17 Oct 2021.

Spodumene spot prices 6% li2o cif China is NOW US$ 2, 0 0 0 - $ 2 , 5 0 0 from Fastmarkets
https://twitter.com/JamesGoozee/statu/1449676961521946624 Sun, 17.10.21

[Screen shot show from Fast Markets]

--------
Relevant to KDNC option to Castillo Copper relating to LITCHFIELD & PICASSO lithium projects
on 90 day option due diligence period. I F spodumene is found akin to Core Lithium next door to Litchfield per their JORC, then that would be interesting. This is situated in the NT, Australia.

Picassso is near Liontown*s Buldania, WA, Australia.

The recent auction price of 14.9.21 has NOW TRANSLATED INTO SPOT PRICES. The cost for Core is so much lower from recall <$400? Kindly check.

Stevemocal at 11:14am, Sun 17 Oct 2021 in answer stated that SLIDE 19 is NOT a CHARGEABILITY map from the XTR Oct 14, 2021 Presentation.That is correct.

When I first heard about the SE ANOMALY at Racecourse as mentioned by Colin Bird, Chairman, XTR at the London meet on 14.10.21, I pointed out TO the CHARGEABILITY MAP for Racecourse North & SE Anomaly [2 maps] taken from the XTR Apr 2020 presentation on their website on Bushranger.

Sun, 17.10.21