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Further to my post yesterday pertaining to the question posed to me, I said that generally from Beutong etc, OPEN PIT can go down to 400m.

However, from historical data, the GRASBERG MINE [one of the very well known one] can go down to 5 5 0m for OPEN PIT.

So, providing some clarity but Mr Bird, Executive Chairman, XTR Bushranger-Racecourse can provide specific info as and when one hears from him via an interview.

Ref: XTR RNS, Mon 17 May 2021 - Racecourse Open Pit mention.

-------------------L ON G T E R M E R S-------------
Hope the long termers in Clontarf dont mind us new investors.
Why? In the recent case of a hedge fund that lost his fortune of $20 billion in 3 days, it stated with him not wanting to support the funding for a big media company [his part funding].
The share price tumbled and he was liquidated by the big banks that lent him his capital etc.

So, Contarf*s raising of £500k vs £3m mkt cap is NOT easy to absorb from EXISTING SHAREHOLDERS and therefore NEW BLOOD IE NEW INVESTORS do help in that they are buying this stock. This in turn helps to steady the SHARE PRICE as EVIDENT in the last few days post this said funding. It also ensures the SURVIVAL of the co at the extreme thesis.

As long as the RISKS are made clear by the co ie 6 May 2021 RNS, ALL NEW INVESTORS UNDERSTAND WHAT THE RNS SAID ie " co is in negotiations" re Bolivian lithium. Everyone knows what NEGOTIATIONS ARE ie NOT AGREEMENTS.

With best wishes and goodwill to all.

Tues, 18 May 2021.
It is positive going forward for everyone and hope people dont mind me putting BOTH sides given that WITHOUT NEW INVESTORS taking the new funding stock, it could pose stock that need to find a home?

"Kumtor mine has been seized by the govt."
It belonged to Centerra of Canada.
From the FT Natural Resources Editor, Neil Hulme today, 17 May 2021
https://twitter.com/humenm 1 hr ago.
Kumtor mine is in Kyrgtz.

---
Chile is raising taxes to 70% for copper? Saw the headline.

--
Us on Bezant : Philippines has lifted the mining ban after 9 years and BZT got back Mankayan from MMIH on 8 Apr 2021 after ending the JV. On 15 Apr 2021, Philippines lifted the mining ban.

P.s.

I mentioned this Bolivian economist and lithium expert named Zul.....
He has been engaging with 2 posters on #CLON thread on Twitter.
One knows he is the same Zul named in the Grist article on Bolivian lithium and the President given he was asked his opinion.

How do I know this chap is the real Zu....?

Another lithium expert, J.Lowry retweeted one of Zul...tweets.

Zul NEVER TOLD ANYONE ON THE CLONTARF TWITTER THREAD # CLON that your co is NOT IN NEGOTIATIONS AS YOU LOT THINK FROM THE RNS.

Surely, he knows who the INTERNATIONAL INVESTORS ARE given he is in BOLIVIA and an economist that specialises in Bolivian lithium.

In fact, he should hear lots of things on the ground and could be one of those that are close to the action etc.

So, he should have told us YOU LOT AT CLONTARF ARE DREAMING BECAUSE YOUR BRIT CO IS NOT IN THE RUNNING ETC?

Have a look on Twitter - the evidence is there for EVERYONE TO SEEK AND CHECK?

DYOR.

So, I do know that UNLESS he tells us that the co ie CLONTARF IS NOT WHAT THEY TOLD YOU LOT IE 6 MAY 2021 IE IN NEGOTIATIONS, THEN YES, MAYBE THERE IS A BOLIVIAN SOURCE but as yet, NO ONE KNOWS IF CLONTARF CAN OR CANNOT SEAL AN AGREEMENT.

One thing one knows, they are in negotiations - EVIDENCED FROM THE CLONTARF RNS, 6 MAY 2021.

Mon, 17 May 2021.

In the most recent news from Brazil INCLUDING the President of Bolivia tweeting about their lithium, there were 1 5 c o m p a n i e s but NOT all were named except the big co*s like GANFENG.

Once the 1st co*s seal an agreement out of these 15, we at Clontarf should KNOW shortly after that given it is from the 27 Apr 2021 news that broke stating Bolivia invites INTERNATIONAL INVESTORS.

So, cut the story short, CLONTARF WILL HAVE TO ISSUE AN RNS TO STATE WHETHER THEY GOT AN AGREEMENT IE JV 49% per their new May 2021 Presentation or they DID NOT GET THE CONTRACT/AGREEMENT per the Clontarf 6 May 2021 RNS stating the co is in "NEGOTIATIONS."

Many of the more well known buyers who are Tier1 holders in other co*s etc have NOT BOUGHT INTO CLONTARF as they may deem it too speculative dependent on AN OUTCOME of an agreement or NO AGREEMENT.

Hence, if there is NO AGREEMENT signed, then us NEW INVESTORS are open to LOSSES as we newbies bought on the Clontarf 6 May 2021 RNS which everyone understands that it is in negotiations which MAY OR MAY NOT be signed.

Hence, rather puzzled given that after the placing at 0.32p to advance these negotiations, the share price has been 3 days SINCE at 0.36p to sell and 0.39p to buy. NO NEW INVESTOR IS IN PROFIT TO ANY EXTENT GIVEN THE SPREAD IS BIG AS ONE CAN SEE.

Hordes have NOT arrived as they are cognisant of the risk. However, I do not normally buy on such a outcome but this is a lithium play that could or could NOT turn out. Given the mkt cap of £3m, it is termed speculative or a pure ticket.

Mon 17 May 2021

By the way, talking of old-fashioned OPEN-PIT - hence why the RNS today , 17 May 2021 was of interest. It did not say block-cave so one gathers they prefer to do the shallow/er open pit first as its cheap relatively. My perception.

Answer:
In general about 400m.
Not sure about the latest as I recall that from Beutong drilling.
So, if RACECOURSE shallow/er grades are better [headline over all and cut-off], then one needs a BIG AREA like Winu as an example. This is NOT just specific to Winu but common to all resource deposits. Hence, why there are rumours per A.Ford that they think it may be another Olympic Dam at Winu?

So, Racecourse is NOT the end of the story but as Colin Bird said, it MAY BE DISTRICT SCALE.
That will depend on the MODERN GEOPHYSICS that XTR did as they said the old Geophysics is NOT as good as the modern types.

That*s my perception.

P.S.

I forgot to mention that XTR*S RACECOURSE RNS MENTIONED OPEN-PIT.
So, it means only the SHALLOW PART IS GOING TO BE MINED.
That changes the whole scenario.

I am NOT expecting WINU grades at Racecourse ie the NEXT DRILLING + 6 HOLES ALREADY DRILLED. Why?

BODA*S grades - as more being drilled, the grade falls but Edison did NOT state UNECONOMIC at the grade they quoted in their latest and last report of early 2020.

Boda has released more results and they then to vary or the variance is quite marked.

So, yes, it will depend on the GRADE FOR RACECOURSE specifically at a final overall % cu
and more importantly the CUT-OFF.

It is NOT to say that IF XTR hits it lucky or blessed, there could be MORE to come as clusters tend to produce lower grades and some structures hit the higher grade EXTERNALLY or within the Racecourse itself.

Chargeability is a GIVE AWAY INDICATOR.

I am managing my own expectations. IF the grades turn out like WINU, well that would be
quite fantastic but at this stage there is NO INDICATION/S THUS FAR AS SEEN FROM THE INITIAL 1ST HOLE RESULT. That is NOT to say, it CANNOT but one prefers to compare with Lachlan Fold, NSW, Australia RATHER THAN WESTERN AUSTRALIA @ Paterson.

Each to their own and it is one*s own EXPECTATIONS AND HYPOTHESIS at this stage UNTIL the initial results is RELEASED but MORE IMPORTANTLY THE NEXT SET OF DRILLING-AND MORE DRILLING PERHAPS?

Mon, 17 May 2021

Whilst the CADIA open pit mine had an average 0.19% cu, it was lifted by the gold also ie equivalent grade.

2 POINTS HERE:
On Colin Bird*s other co, also in copper, one poster called Upside 2020 posted on Sun, 16 May 2021 a link to a study which is all over Twitter. This is a recent study. The authors [2] researched some 115 co*s and they found that COPPPER CO*S INCREASED THEIR RESERVES
VIA LOWERING THE COPPER CUT-OFF GRADE FROM 0.4% CU TO 0.25% CU. So, this is WHAT CO*S HAVE BEEN ACTUALLY DOING TO THEIR RESERVES - they are increasing copper reserves by this methodology whilst THERE IS DEPLETION.

Of course, with the rising copper price, it relates. Hence why the RACECOURSE SCOPING STUDY shows that at $7,500, the cut-off is 0.2% cu and at $10k copper price the cut-off is 0.15%.
So, it is SPECIFIC to the project but at this stage, it will need FURTHER REVISION OF THE SCOPING STUDY once ALL the drilling is done.

CHARGEABILITY READINGS
Today*s RNS of May 17, 2021 does say that there are chargeability readings as is norm.
Whilst the STRIKE LENGTH IS GOOD or very good IF they are mineralised, it then goes to GRADES.

So, the chargeability readings are OF INTEREST as to the NEXT DRILLING CAMPAIGN at Racecourse.

The current 6 holes results [5 or 4 pending] will be HELPFUL but it is the OVERALL % COPPER THAT ONE NEEDS.

So, from the above, one can see the OVERVIEW of needing CUT-OFF = ECONOMIC.

Not surprised why the geo that Stevemocal consulted talked of grades. IT IS GRADES SPECIFIC TO LACHLAN FOLD, NSW, AUSTRALIA that is of interest as that shows the economic picture.

ETC. DYOR.
News, Mon 17 May 2021

Zul in the article relating to the NEW PRESIDENT L.A. and lithium was positive.
For some reason, he did not like us Brits investing.
That*s what I took away. Now, he is quiet when I showed him what he himself said.
LoL. All good - that shows he is aware us Brits knows what he said about the President*s Bolivian lithium plans which is positive but he tried to tweet us otherwise based on the old days which was yonks ago. Just shows when presented with EVIDENCE, he has nothing to say further.

Yanis2005
I saw what Zul tweeted to you over many tweets. He started to reply to my article.
I decided to look up further and I managed to get an article about the new President and lithium which also QUOTED Zul [Grist]. Then, he went completely quiet.

Oh, by the way, further to AIM co*s, I undertstand that to run an AIM CO it cost £150,000 just on the fees etc ie regulatory etc.

contd

is part of the BRITISH scene. The President [new] Luis Arce studied at Warwick University in Britain and has a British degree. Same with many leaders who in the past schooled in Britain like London School of Economics and such like prestigous universities like Cambridge-Oxford.

When they go home, many of them hold HIGH POSITIONS IN GOVT and some are royalty including kings or queens.

When the British go to do business and meet the above, oh, they reminiscence about their days in Britain and talk about different things they experience then. ALL COMMON KNOWLEDGE WITHIN THE DIPLOMATIC CIRCLES WORLD WIDE.

Hope that helps. Some of us RESEARCH THOROUGHLY into this.

I would NOT HAVE POSTED EXCEPT THAT NO ONE WAS AWARE THAT BOLIVIA HAD EVEN OPENED UP THEIR LITHIUM WITH CALLING IN THE 15 CO*s VIA ONLINE MEETINGS. This was in APR 2021 which Clontarf then confirmed that they are in negotiations on 6 May 2021 via CLON RNS.

Many of us HAVE TAKEN OUT CASH IE MONEY TO INVEST IN CLONTARF - we are not looking at past history of which we have little knowledge about relating to what the long termers are ...about. IT HAS BEEN MADE CLEAR BY ALL POSTING IE NEW INVESTORS THAT IT ALL HANGS ON WHETHER CLONTARF CAN SIGN THE AGREEMENT WITH THE BOLIVIAN GOVT VIA THE STATE CO.

If CLONTARF is NOT SUCCESSFULL, WE COULD LOSE OUR MONEY hence that has been made clear. Hence, why I myself have NOT invested LARGE SUMS as its may be termed risk vs reward. If they are not successful, we may have to wait for Ghana oil news. OTHERWISE, WE BECOME BAGHOLDERS if we hold to the end and wait for other things to happen. If one sells out then, one loses money. SAME WITH ALL CO*S ESPECIALLY ON AIM.

DYOR. Do due diligence.

Answer:
Q: Why would they give a licence to Clon with no mining experience.
A: If you look up on the website, Clon has been interested in Bolivia for quite a long time so they know a lot about the lithium. Clon was working with the Army on this and this is known from Clon*s website. Bolivia is calling for INTERNATIONAL CO*s and one of them is GANFENG, 1 of the largest producer of lithium from China. NOT all the other co*s are named but the latest article said 15 CO FROM DIFFERENT COUNTRIES - see the article on Twitter under #clon thread.
Given that Clon stated on 6 May 2021, they are in "negotiations" with the Bolivian state co for the lithium licence, one has to take that this is FACT? Also, I provided that in 2019, 6 rivals including CLONTARF fought for [BIDDING] for the North & South of the massive salt lakes but the winner was a CHINESE CO, CTEA from recall?

MAY 2021
The President of Bolivia has a OFFICIAL TWITTER A/C [verified] and he tweeted about the Bolivian lithium. The country NEEDS THE MONEY from their lithium. One can read an article which translates the President*s OWN tweet on this.

On the board of Clontarf is an director who is also Irish and he is the HONORARY IRISHCONSUL TO BOLIVIA. He is involved in the construction business and from what I can gather is not the housing projects in the private sector but MORE the state type construction. That was MY impression as I checked his LINKEDIN also some time ago.

DAVID HORGAN
Mr Horgan gave Proactive Investors an interview in 2019 about the Bolivian lithium and he said that THEIR PARTNERS WOULD BE THE CHINESE as the lithium processing etc needs EXPERTISE.
No one in Bolivia can get a licence 100% as the state takes 51% stake. Hence why Clontarf stated in their latest May 2021 presentation that they are looking at a 49% JV. So, one logically thinks that Clon*s 49% licence IF [OPERATIVE WORD IF] they can indeed get a licence, THEN they would have to look to the CHINESE but NOT CLEAR in what % or HOW?

BOLIVIA
The lithium resource has been said via a video some years ago that it is WORTH $1 TRILLION given 50% of the world*s lithium lies in the massive salt lake. Clontarf in their presentation said they are looking to a MID-SIZE PROJECT.

WHY SHOULD BOLIVIA PICK CLON?
From what one can gather, the LATEST is that 15 CO*S FROM D I F F E R E N T COUNTRIES are speaking to the Bolivian govt via their state co. THEN, there is $1trillion worth of lithium but may be MORE NOW given prices have gone up. SO DIVIDE 15 BY $1TRILLION = LOTS TO GO ROUND. WHY CLON? It is a LONDON LISTED CO, WITH WHAT THEY SAY IS A LONG ASSOCIATION WITH BOLIVIA GOING BACK TO THE ARMY DAYS [bolivia lithium] so like all biz, it is about networking and establishing long standing relations. Bolivia wants to do biz with CHINA and there was an article about this recently re: Bolivia lithium. Others include the GERMANS, RUSSIANS. From what one knows of politics etc, perhaps a BRITISH CO like C

P.S.

FOR THE AVOIDANCE OF DOUBT:

So, in 2019, CLONTARF ENERGY PLC WAS MENTIONED BY REUTERS THAT THEY WERE 1 OF THE 6 BIDDING FOR THE SAID LITHIUM LICENCES. In Bolivia, the state co takes 51% so the JV for any co is 49%. Coipasa and Pastos Grande is situated North and South of the MAIN SALT LAKES.

This is NOT IMAGINERY in 2019 - ACTUAL BIDDING WAS DONE AND CLONTARF WAS 1 OF THE CO*S NAMED OFFICIALLY BY REUTERS.

DYOR.

From the article:
"Bolivia picks Chinese partner for $2.3 billion lithium projects."- Reuters, 6.2.2019

Quote:
"6 RIVALS also sought to partner with BOLIVIA on COIPASA & PASTOS GRANDE including
ACI,
URANIUM ONE- subsidiary of Russia*s state nuclear co Rosatom AND THE IRISH COMPANY CLONTARF ENERGY."

To read, just put the title into the search engine.

Observation:
So, during 2019, the POLITICAL SITUATION WAS DIFFERENT under a DIFFERENT PRESIDENT.
Now, the NEW President has called for INTERNATIONAL INVESTORS to invest in their lithium projects. Coipasa and Pastos Grande is North and South of the massive salt lakes. The new President, Luis Arce is also being advised by Benchmark Intelligence who are experts in lithium and this article is on Twitter under #clon.

So, the FACT is that CLONTARF ENERGY WAS 1 OF THE RIVALS OUT OF 6 IN THE SAID REUTERS ARTICLE WHO BID FOR THE SAID LITHIUM PROJECT IN BOLIVIA and the winner was a Chinese big co.

So, anyone doing DUE DILIGENCE will know from the above Reuters article that ACTUALLY BIDDING HAPPENED.

At the moment, the DETAILS ARE YET TO COME OUT relating to the calling of new international investors to invest but the few names have come out ie GANFENG ETC. This is also on Twitter under #clon.

CLONTARF issued an RNS dated 6 May 2021 to state they are in "NEGOTIATIONS" re: Bolivia lithium.

Everyone UNDERSTANDS THE WORD NEGOTATIONS and hence why the mkt cap of CLONTARF is one that appears akin to a SHELL MKT CAP OF £3M.

IF [BIG IF], the negotiations DO NOT EVENTUATE INTO AN AGREEMENT, THEN OF COURSE
everyone who has bought in on this UNDERSTANDING of the Clontarf 6 May 2021 [including myself as new investors] are WELL AWARE that the RISK TO REWARD is great?

Same analogy as another lithium explorer in MALI -WITHOUT A MINING PERMIT , the mkt cap was modest but well OVER £10m as they have some gold projects. BUT ONCE THE CO SAID, THE MALI GOVT HAD CALLED THEM TO DISCUSS THE PERMIT, the mkt cap shot to £45m but I do not know how much it is now.

THIS IS THE SAME FOR ALL CO*S DEPENDENT ON EITHER A CONTRACT/AGREEMENT etc.

Mon, 17 May 2021
The share price of Clontarf is holding firm at the moment @0.36p/0.39p to sell and buy @£3m mkt cap mark. The recent placing was 0.32p. Given NEW INVESTORS IN CLONTARF, the share price naturally rose from the placing price and sits steady at this moment as there is NO HEAVY SELLING?

BOLIVIA- LOTS OF NEWS COMING OUT. The new President of Bolivia was the Former Finance Minister and from ALL THE NEWS, the new President wants to OPEN UP BOLIVIA*S LITHIUM.
So, that is where we are at - EVERYONE IS READING THE NEWS COMING OUT FROM BOLIVIA but many on this forum may NOT have been aware, hence why some of us POSTED the news from Bolivia and this includes GERMAN INVESTORS interested in the Bolivia lithium which is stated to account for 50% of world lithium? That is common knowledge and stated by Clontarf in their said RNS. DYOR

P.S.

Hitherto, Mr Bird mentioned BLOCK-CAVE in his interviews. Block cave means very much deeper mining. OPEN -PIT MENTIONED FOR THE 1ST TIME IN AN OFFICIAL XTR RNS today, Mon 17 May 2021 means that the mining method is about more SHALLOW MINING as norm in such cases?

However, NO interview yet.

Also, in terms of GRADE/S [copper and gold], it will NOT be just the 1st 6 holes results from Racecourse that is of import ONLY, but per mineral resource methodology, it is the OVERALL GRADE FOR COPPER AND GOLD that is of interest. Hence, why I said that the chargeability READINGS is of interest now AS WELL as the INITIAL RELEASE FOR HOLE 2-6, Racecourse that will provide a GLIMMER ONLY at this stage but the FURTHER DRILLING will be the one to watch also.

That*s my understanding only.

News, 17 May 2021
In answer to OlderandWiser

Olderandwiser:
The point lies in the WORD, O P E N P I T.
Therefore, the analogy was that Cadia Hill started with an OPEN-PIT.
Today*s XTR RNS, 17 May 2021 mentions "OPEN-PIT" FOR THE 1ST TIME.
There is NEVER any exact comparision to the details of how many years or MT as that is yet unknown at this stage given that XTR did NOT release GRADES in the RNS. So, the point being made is that the Cadia-Ridgeway story starts with CADIA HILL via Open-Pit as an opening gambit from my understanding of the history in terms of chronological etc?

------------------SURPRISED NO PARTY MOOD?---------------
All those LONG YEARS perhaps starting from 2013 of people saying they want to recover their capital put into REM plc after the supposed party [REM] and now that they have recovered their capital, only Barksy1 posted so on Fri 14 May 2021 [KDNC Mkt Cap around £43m @29-30p].
I expected a BURST OF A PARTY MOOD from the RELIEF OF THOSE US. One had to take NO END of .....and its a RELIEF for me NOT to hear any more ......

Mon, 17 May 2021

From the XTR Racecourse RNS today, 17.5.2021 relating to "OPEN PIT"

vs

"Open-pit mining commenced at CADIA HILL in 1998, subsequently extending to CADIA QUARRY. Between 1998 and 2011, these pits PRODUCED 678.6 Mt @0.74g/t au & 0. 1 9 % CU with metallurgical recoveries of 76.4% au & 84.5 % cu." [Source: Cadia Ridgeway database]
[Cadia-Ridgeway belongs to Newcrest and is a neighbour to XTR*s Bushranger-Racecourse]

News, 17 May 2021 [Mon]