George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Agenda Free covering the Nebraska tornados
https://www.youtube.com/watch?v=l2MJImqgvek
Must be a mother xxxxing storm for Steve to cover it.
Blue will appreciate this article
https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/
And it is not just gold and silver as secondary minerals; many others are sometimes found in economic quantities.
EST has tweeted out a link to this article from last week:
https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/
Whilst the article suggests secondary metals of gold and silver they also sometimes contain economically recoverable amount of molybdenum, rhenium, tungsten, lead and zinc. Secondary metals can significantly enhance the economics of low grade resources.
But, identifying where in the deposit those resources are takes time (and money) and does metallurgical testwork so this will take years (but not decades as some deposits would).
Bloomberg article with links to other stories
https://www.bloomberg.com/news/articles/2024-04-25/why-copper-shortages-could-threaten-the-energy-transition
Konstantin on the arrest of Timur Ivanov
https://www.youtube.com/watch?v=y12WsjuNnbk
He reckons it is a BIG deal... The guy was in charge of tens of billions of $ of contracts and lived a billionaire's lifestyle; being arrested for a $10k bribe does not add up.
I think the significance of BHP's bid for AAL to EST has been missed by the market. BHP are clearly looking to find Copper assets before one of the other majors snap them up. It is early days, but the Snowy tenement has an 18 sq kn silica lithocap which is indicative of a large porphyry copper deposit.
These deposits do not need to be high grade to be economical... And BHP have very deep pockets to dip into if the exploration results warrant further significant investment.
BHP are looking for Copper all over the world; EST got a $500k grant under their Xplor programme 'to look for major new copper porphyry deposits in the region [Kazakhstan]'. The grant gives 'BHP certain pre-emption rights with respect to investments in East Star or its projects within the programme.'.
EST's Snowy silica lithocap is 18 sq km - there is potential for a world-class deposit there [generally, the larger the lithocap the larger / better developed the underlying hydrothermal system was]. EST's m/cap is only £7.5m.
FT have their say
https://www.ft.com/content/ca336820-c0d3-400b-8ed3-666f4caec2b7
---or---
https://archive.ph/QovSJ
AAL +13% so far
https://www.google.com/finance/quote/AAL:LON
'Ask Peter: Can Other Countries Replicate the US Shale Revolution?'
https://www.youtube.com/watch?v=7Gdvo8QPuMk
His videos are always informative.
Detailed Forbes article; this paragraph stood out: "All this starts to look like karma at work. A corrupt and autocratic system is the victim of its own corruption, as yet again Russian cash is siphoned off by a contractor without providing a weapon system that works, while potentially more capable competitors who did not make the right friends are starved of funds."
https://www.forbes.com/sites/davidhambling/2024/04/24/why-is-russia-losing-the-fpv-drone-war/
Sounds a bit like the UK's PPE scandal.
You know you want one... Why have a guard dog when you can have a 'flamethrower-wielding robot dog'?
https://throwflame.com/products/thermonator-robodog/