Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
According to the Woodsmith Liaison Group meeting, the TBM should reach Ladycross (29.2 km) by the end of this month.
https://uk.angloamerican.com/~/media/Files/A/Anglo-American-Group-v5/UK/liaison/30-january-2024-presentation.pdf
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Interesting to read that Anglo American have fully booked a Scarborough hotel for the rest of the year. Surely this means that work at Woodsmith will power ahead. I certainly hope so.
https://www.gazetteherald.co.uk/news/24088530.anglo-american-fully-books-scarborough-hotel-staff/
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I don’t see this as good news at all. It may help the SP over the short term but will halve the value of Woodsmith to us mere mortals. Maybe it’s a ploy to eventually sell Woodsmith completely in order to screw AAL shareholders, just as SXX shareholders were screwed.
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Some great articles appearing following the presentation to investors. Confidence is building for a 2027 first product to market date. It’s been a long journey but there is ‘light at the end of the (37km) tunnel’.
Here’s one article of many (search Google for Woodsmith and select news items)…
https://www.miningweekly.com/article/quellaveco-lessons-shape-anglos-vision-for-woodsmith-says-mcculley-2023-10-04
Definitely just using Stella Rose to bore the tunnel and there are two SBR’s drilling the service and production shafts. There’s also a drill site alongside the shafts that is mitigating the flood risk (when the SBRs reach the bunter sandstone).
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There
From the AGM
Woodsmith is next – a rare, Tier 1 asset which we are setting up to deliver significant returns over many decades. We are making good progress with the critical infrastructure – the shafts and tunnel – and excellent progress with the product, too. POLY4 is a high value fertiliser, uniquely positioned to address farming’s three real challenges of yield, decarbonisation and soil health.
You’re welcome
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A good find indeed. $100 per tonne should be easy enough.
There’s no market but that little mine down the road only produces around one million tonnes.
Having gone on record as saying there is no market for Sirius’s product, they have changed their tune somewhat.
https://www.icl-uk.uk/boulby-achieves-fantastic-results-as-mine-hits-new-production-record/
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It looks increasingly like they’ll only use one TBM. I guess that means 2 more years for the tunnel to be completed. Maybe we could have a sweepstake on the date the tunnel connect Woodsmith to Teesside. I’ll guess at 5th February 2025.
Hopefully the production and service shafts will be complete around the same time.
The TBM access shaft could be extended to make a 2nd production shaft. This would enable a higher extraction rate (28 million tonnes per year was mentioned some years ago. It would also de-risk the production by having a spare shaft (we could name it Harry :) ).
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It’s because AAL haven’t committed the funds to complete the project. He couldn’t say the project would definitely be completed when the funds are not yet in place, could he?
Plus, it keeps contractors on their toes - not knowing that future work is guaranteed :) .
Fingers crossed that everything continues to completion.
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I’ve listened to the presentation (at least, the about Woodsmith) and I don’t share your concern..
The whole point of having a staged approach to the development is to allow periods of time to pause and assess the project.
Committing the full funds now would attract a lot of risk. In its simplest form, risk is likelihood x impact. Whilst the likelihood of a major obstacle may be small, I think the hazard could be exceptionally high if some of the largest risks materialise.
I’ve mentioned it before and I’ll mention it again. The creation of a new port on Teesside cannot be guaranteed. The port could be scuppered if the Port Authorities are not allowed to continue destroying the ecosystem. If it is decided that decades of heavy industrial poisons need to dealt with in a manner fit for the 21st Century, the costs could escalate sharply. Whilst these costs are not directly born by AAL, the potential delays would impact the current plan for delivering product to market.
There may be more news on this risk next month.
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… according to the latest minutes from the Liaison Group Forum Meeting held in September…
https://uk.angloamerican.com/our-community/liaison-group-forum
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