Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Afternoon all, well said Seagulls Fan, if any part of the loan facility is used, it will be by Recyclus for working capital purposes during the ramp up period, imo. Using TM1 shares as security, which are already owned by Alex's CCL company, does not imo constitute dodgy dealing. I would recommend any new or nervous holders to listen/read again all past media releases on the Company website rather than waste time reading some of the rubbish poster on here. I for one am fed up seeing the continual drivel, and would be grateful if someone could help me to access the tgram group as I am not that savvy with tinternet, being a Chemical Engineer.
Afternoon all, great point Bitcoinbull, patenting a novel de- sulphurising stage in our lead sulphate paste process should give us a commercial advantage over other suppliers, due to potential savings for downstream customers of the product and we may be able to get a premium for our " low sulphur" paste. This and other technical developments such as the Li-Box introduction should indicate to the market that our Recyclus business offers a credible solution for battery recycling, and as far as I'm concerned the sooner that both entities can be joined with a common identity, the better it will be for the share price.
Afternoon all, Andy I remember some time ago, RB mentioning that we would get 5000 tonnes of black mass from 8300 tonnes of Li-ion batteries with sale price dependent on metals content ( black mass approx 60% by weight of batteries ). This is of course running 1 plant /8hrs/5 days per week, which could be expanded x3 when required. A black mass price of £5000/t was mentioned as well as a gate fee of £1200/t, quite a significant return on each plant Capex of < £10M.
The Lead Acid plant when automated, could handle 16000tpa batteries producing ~ 12000tpa lead sulphate paste (PbSo4 ) with Pb content 60-65%, costing £600/t to buy the batteries and selling for approx £1100/t (60% paste).
Of course these figures take no account of production and overhead costs, which I am in no position to speculate about, being a Chemical Engineer and not a financial expert. Hope this helps.
Morning all, as we all know communications from our BOD are poor to say the least, so we can only hope that work on the first stage of Roan expansion has commenced or come May we will have some decisions to make as investors. With regards to Chambishi, the previous owners spent approx $180M in 2002 acquiring and upgrading the smelting and Leach/SX/EW plants, but today I would be surprised if a distressed sale would realise more than $60M, so with updating and Kitwe concentrator build, my guess would be a Capital requirement of around $100M - pure speculation at this point.
Good Evening SeisNav, as far as I can remember the info came from the 20th March Presentation, plus other snippets from previous LC interviews. The upgrade to Roan to allow it to simultaneously process waste + 3rd party ROM would take 8 weeks and be completed by May, to bring Roan to it's 10ktpa ( ~ 800tpm ) nameplate capacity. The construction of the larger concentrator at Kitwe and refurbishment/upgrade at Chambishi Refinery could only commence once the acquisition had been completed and the finance put in place ( expected by the end of June 2023 ). The construction / commissioning and ramp-up was forecast to take 14-16 months from that point.
Evening all, exactly spot on SeisNav. The beneficiation of the feed materials to Roan is to be done at source, using relatively simple traditional and low energy usage processes such as gravity spirals , shaking tables, magnetic seperation and DMS, prior to trucking to the concentrators ( Roan and Kitwe ). Leon also stated that the refurbishment of the Northern Refinery ( Chambeshi ) and ramp up would take 14- 16 months from acquisition. Hopefully if concluded before the end of this Fiscal year (June), then could be in full operation before the end of 2024 Calendar year. If achieved, we would then have a combined copper output of 30-35 ktpa copper cathode. As far as I understand it, the expansion of Roan would take place concurrently with this, to achieve *8000tpa Cu cathode plus 6500 tpa Co(OH)2 product. The potential contribution from the Mufulira waste has not yet been quantified.
Afternoon all, Hi charles, very good post earlier totally agree with you sentiments on concentrating near term in Zambia at Roan and Mopani to increase copper and cobalt production. The Mufulira smelter waste ( if we are successful with the tender ) also, has a Hydromet. treatment solution which is well within the capability of JLP Technical staff, at a suitably modified Mopani Refinery. All this near term expansion would be contained within required secure Services. Awaiting news this month.
Morning Happydays, the tender that we have submitted is for the reprocessing of the Mufulira furnace waste, which has cobalt levels of stated 0.3-2.6%, much higher than the levels in our existing tailings stock elsewhere. My guess is that the target 300 million tons of copper tailings would be primarily for the proposed Mopani (Nkana) refinery which hopefully will be secured following submission and acceptance of our design proposals next month.
Morning all, Hi SeisNav thanks for posting the Chambeshi Paper. This would be a good option for the Refinery, my only concern would be the power usage on the 40MW smelter, would this site be included in the Strategic User category ? Time will tell I suppose.
Afternoon all, Hi Ella10, my take from the Presentation is that the waste will be augmented by third party ROM material to bring it close to 2% Cu, prior to sending to Roan. A source such as from Luansobe ( 15km from Mufulira plant ) would be possible in a couple of months. I was pleased with the information disclosed by Leon, especially the proposed intention to proceed with the development of the 2 Brownfield sites in the North ( both within existing strategically important power source sites ). Development of part of the Mopani site at Nkana for copper processing and cobalt refining at Mufulira, in my opinion makes sense for a variety of reasons. from what Leon intimated we won't have long to wait to have the plans confirmed as only 2/3 weeks for Mopani design plans to be submitted and ZCCM-1H intentions for Mufulira to be announced by the end of March.
Afternoon all,
As I understand it, leaching of the copper sulphide ( chalcopyrite ) waste, will involve degrading the surface passivation layer by oxidising the sulphide layer. This is commonly done by roasting in air/oxygen. Chemical disruption can be done in a relatively straightforward way by mixing in an acidic ( H2So4 ) medium in air with a chemical such as ferric sulphate or such, prior to leaching, to produce a copper suphate liquor that can then be put through the SX/EW plant to recover the copper cathode product. of course the technical JLP bods may well have their own process to achieve the same ends, time will tell.
Afternoon all,
A good review of copper/cobalt developments at Sable, the proposed production of cobalt carbonate instead of hydroxide may be due to market demands, or down to the processing costs, either way the financial contributions to Revenue and Earnings/Profits is very good :-
based on ramped up rate of 5280 tpa CoCo3 product ( each ton containing 0.227t Co ) or 1200tpa Co pa and the 12000tpa copper cathode production. At current spot price of cobalt metal ( ~ $50,000/ton ) :-
Sable 23% cobalt carbonate Revenue = 5280 x $11350/t or $59.9 million approx. per full year rate.
Earnings @ 45% production margin = $ 27 million approx ( 5280 x $5108/t ).
By-product subsidy on 12000tons of copper production = $2248 per ton copper.
This contribution plus introduction of fast leaching and CuS surface disruption techniques, should significantly improve overall Sable performance once at full production run rate.
Afternoon all.
Thanks for the article link SeisNav very informative. The proposal for 2 distinct refining facilities in the Northern Strategy might support my speculation in my 7th Nov. post, that JLP would focus on refurbishing a copper refinery at Nkana ( 15000tpa) presumably to process oxide concentrate to copper cathode whilst supporting the Mopani EPC new build Tender at Mufulira for a potentially larger copper sulphide leach and furnace waste treatment facility, to produce copper cathode and cobalt hydroxide products. With the Tender process open until 9th December, the anticipated news on the Northern Strategy may well be delayed, hopefully not for too long.
Afternoon all,
Came across this recent article on the prospects for copper near/mid term which might be of interest to some :-
https://www.kitco.com/commentaries/2022-10-27/Copper-the-most-important-metal-we-re-running-short-of.html
Morning all,
Hi SeisNav, the " glassy " appearance of the Mufulira smelting waste probably is comprised of iron silicates produced by the use of silica flux in the smelting. These can be removed by common processes such as milling, magnetic separation, leaching etc., so should not pose a technical problem for someone trying to recover residual copper/cobalt. However, this would probably require a purpose-built plant. My view on our Northern Strategy is that Jubilee will develop part of the Nkana Refinery (Kitwe) for increasing copper cathode output and to develop commercial quantities of cobalt hydroxide. The recent "Tender Invitation" at Mufulira, could be aimed at finding a willing profit sharing EPC contractor to be a short term partner for processing the smelter waste, thus allowing JLP to focus on funding the rest of the Northern Strategy ( as we already have a deal with Mopani for the Mufulira tails ). The selected EPC contactor would need to deliver a turnkey project for repayment of their Capex & Financing costs in return for a share of the output profits
Afternoon all, I have to agree with the comments made by gotreal and SeisNav. Leon is an experienced Chemical Engineer and would be familiar with modern Copper Processing Technology such as the Galvanox Technology :-
https://uilo.ubc.ca/sites/uilo.ubc.ca/files/documents/Galvanox_overview.pdf .
He has already mentioned introducing such " fast leaching " processes in the Northern Refinery and this coupled with resulting economies of scale, should improve the margins on copper production in the future. Also my impression is that the Cobalt Circuit will be a separate profit stream in its own right as well as supporting the copper development in Zambia.
Afternoon all, From RM's last interview and the plan shown in the latest Presentation, I take it that :-
Plant 3 = the 3 x 7.5ktpm"pilot" pads on the right (22.5 tpm )
Plant 4 = the combined 6 pads ( 4-9 ) on the left (65 tpm ).
Also very useful at last to have a detailed Flow Sheet for the proposed expanded Project, so that we can see how the 24ktpa gold dore production is going to be achieved from Q1 2023 onwards.
Afternoon all, interesting possibilities given our expansion strategy. I found this existing taxation / Royalty rules which appear reasonable, so any improvements in the 2023 Budget would be a benefit going forward :-
https://www.zambia-mining.com/tax.html