Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
As ATG mentioned below.. read the last RNS..
''A major Project update is underway to freshen historical studies in light of changes in the world's economy and growing demand for low-carbon steel production, for which the Zanaga resource is highly suited, with the potential to become one of the largest producers of high grade premium pellet feed iron ore.''
In that time since the Edison report the development costs reduced from $7.6bn to $4.7bn. The most recent work on the FS was to reduced by around 20%, so we could be looking at a further $940m to come off the staged development costs.
In 2012 we had a huge increase in the mineral resource
· 57% increase in the overall Mineral Resource to 6.8 billion tonnes at an average grade of 32.0% Fe
· 74% increase in Measured and Indicated resource category to 4.69 billion tonnes with an average grade of 32.5% Fe
And my personal favourite:
· Mineral Resource defined from only 25km of the 47km orebody identified
We could easily be looking at double the Edison figures when you start to factor in the above, let alone green steal and the move to higher grade ore..
This needs a post on here.. MM posted on the other bb
That phrase from the RNS: '...a near-final report has been received from the Company's Chinese EPC Partner...'
Why 'near final' not 'final'? The answer must be something outside of the EPC's hands. Given that securing African iron ore is a Chinese State-directed imperative (and the amounts involved so big (think 'Simandou')) then the Chinese EPC 'final report' is very likely waiting on official sanction. That official sanction is going to be the official thumbs up from CPP representative(s) for the country andits investment conditions.
So what did the Chinese Ambassador and 5 of her colleagues do last week? She toured the country, travelled the length of the RN1 (Chinese built), and visited 4 Chinese-Congo projects which significantly included a copper and a zinc mine.
At the end of it Mde l'Ambassadrice pronounced that, 'La coopération sino-congolaise aura un #avenir encore plus radieux ' 'The future of China-Congo cooperation will definitely be more radiant!
> Sounds like the country got her thumbs up and, I reckon, that near-final report can now be signed off.
LI Yan @LIYanChine Ambassadeur extraordinaire et plénipotentiaire de la République populaire de Chine en République du Congo
5:40 PM · Mar 27, 2024
The first copper plate and the first zinc ingot in the history of Congo (Brazzaville)! Today I visited the Soremi Mine invested and operated by a Chinese company. This is not only a modern highland for Congo’s mining industry, but also the cradle of local professional and technical talents.
https://twitter.com/LIYanChine/status/1773042314380018067
7:29 PM · Mar 28, 2024
It lasted 4 days and visited 4 China-Congo cooperation projects in three provinces of Congo! From Mengo to Lifoula, I drove more than 500 kilometers through the Mayombe forest, and I completed the entire National Highway 1. ( )
I would like to pay tribute to the friends who participated in the construction of Road No. 1 and the cooperation between China and Congo in various fields! The future of China-Congo cooperation will definitely be more radiant!
https://twitter.com/LIYanChine/status/1773432229911498891
Impossible to bring in a strategic investor without the updated FS, as it likely holds an updated NPV. That’s down to PSEI. And whether we can bring in a strategic prior to port MOU.. who knows. Over the next 3 months I expect we’ll be trading much higher.
First time company has mentioned being in the FEED stage. We seem to be deep into the 2nd phase now.
Activity
Preparation for Front End Engineering (FEED) - 6 months
FEED (including finalisation of necessary licences & approvals, infrastructure access & user agreements, and financing) - 12 months
Construction Phase - 3 years
Can you state your sale on here before selling, then sell, then we’ll all know you’re out. If you don’t do this then shut the f**k up.
If anyone doesn’t think that’s a good RNS then set your sells to Tuesday morning. There will be plenty of mopping up with buys.
V10, considering they hit targets early for re-costings and hydro-power, why do you think they’ve missed the strategic partner and port targets? And if they were going to miss these targets, why didn’t they update the minute they knew they were going to miss those targets?
Hi Ex,
Good spot! I wonder if there's any significance that the list you provided of current projects doesn't appear to include the 12mtpa beneficiation plant in Brazil that PSEI was 'newly' working on a few months ago ?
PSEI.co doesn't seem to include this project, but maybe that's because that project doesn't need a pipeline? PSEI.co seem to be the pipeline specialists for many of the projects listed on PSEI.cn. It's a very odd set of circumstances, because to me it seems like the same company, or at least an arm-of..
Great find MM, there sure are some gems in long-forgotten RNSs. I wonder if there's any link between PSEI.co and PSEI.cn although different company names, they seem to work on many of the same projects.
Looks as though everyone's interests are massively aligned to get both projects off the ground, they must be throwing everything they can at this!