Hi truthinbeer ... how about you tell some truth for once? Start by telling who you are and why you have made this spurious attack on John Bennett! Could it be because he exposed some information about your dealings in another Company? The word 'alleged' was used by the Board of Aura because because it means, "said, without proof"! If they were short $456k, why did they need to source $2m from Lind to complete the DFS and SS work? Why was the DFS expected by the end of 2018 but then we learn they were only doing bulk sample testings in Jan? Look at the sequence of events and compare it with the timelines Peter was stating in his media interviews! Change is coming and if you're stupid enough to tell shareholders to accept the status quo, you deserve Peter and the old guard!
in China or from fly-ash residue, which is a more expensive option (Stratcor). Dalian/Bolong is currently the largest supplier of electrolyte, supplying ~80% of the VRB companies, all from sedimentary (stone coal) deposits in China.
If you refer to our recent news as well, Mr. Brett Whalen recently joined NextSource Materials' advisory and M&A team. Mr. Whalen is a former fund manager with Dundee Corp., one of Canada’s largest junior mining equity funds (and NextSources’ largest institutional investor), and is himself regarded by the street as a vanadium and graphite expert with extensive knowledge in the renewable energy sector. He has done extensive due diligence on VRBs and numerous vanadium deposits and will also tell you that all the VRB manufacturers are looking for sedimentary-hosted deposits. He also served previously as Chairman of a vanadium company that had the sales rights to Cellcube for North America. CellCube owns a sedimentary-hosted deposit and is looking for more to acquire or JV with.
There is much mis-information out there. I encourage investors to do their homework- call up the VRB companies and speak to the source (not easy to do). Or happy to chat with any investor if they have questions and I can share the information I have gathered over the years…and still gathering.”
Now HC friends - Brent encourages everyone researching the topic to have a look at their resources and get in touch with him - the guy is fantastic and very helpful.
I personally have had a fantastic experience speaking with him about their projects and would highly recommend looking NextSource Materials up. It’s really a brilliant project IMO.
Now before people say “of course he’s going to say those things” we decided to take it one step further and contacted a VRB company - CellCube Energy Storage
https://t.co/e0ONjMm2kl
I spoke with a fantastic lady called Glenda Kelly. I asked her about if they were advantages for sediment hosted Vanadium deposits over Magnetite hosted Vanadium and whether the company preferred sediment hosted Vanadium as it contains less impurities:
She said:
“You are correct... Vanadium deposits combined (with) any impurities is more costly to refine the vanadium from, these deposits is not great material for VRFB electrolyte.”
“The Vanadium can be sediment hosted but the key is the lack of impurities, the fewer the better.”
“You are correct the we look for high grade vanadium pentoxide for the electrolyte solution. The company does have patents on electrolyte solutions that make it more economical.”
However the naysayers want to spin it. Sediment hosted Vanadium at Haggan AND at Next Sources Green Giant project are the preferred type that these battery companies are looking for. Not just my opinion - but also the opinion of the people who make these batteries as well.
Magnetite is NOT economical for them and as such they are looking for sediment hosted Vanadium.
Anyway- just thought I
grade V deposits in the world. The fact that we have a sedimentary deposit caused us to conduct a significant amount of due diligence on the space, which determined that sedimentary despots were being sought after by the limited number of VRB manufacturers back in the day. In 2009, we were the only Vanadium project talking to the VRB story. This was when no one else was taking about VRBs and the fact that 99% of investors and analysts did not even know what vanadium was, let alone a VRB. To this day, I can still trace our actual research and findings used in other companies presentations to our original presentation materials. In fact, I have noticed that some of our original slide visuals and data are being used to this day by other V companies who pass it off as there own. That material was created and originated with us.
I can say with a very high degree of confidence that, other than maybe one other company I know of, no other vanadium junior has conducted the due diligence required on the VRB space that NextSource has. In Canada, the “Street” (buy-side and sell side analysts) regard us as one of the very few vanadium experts out there, and in partilcuar, on the VRB. We were previously known as Uranium Star and then Energizer Resources before changing the corporate name to NextSource Materials. Senior management has remained the same all these years and our CEO Craig Scherba, P. Geo. is the geologist that discovered both our vanadium and graphite deposits. I have personally traveled the globe and met with 5 separate VRB manufactures - Sumitomo Electric, CellCube, Rongke Power (UET), Dalian/Bolong and Ashlawn Energy. CellCube and Rongke Power/Bolong rank as #1 and # 2 globally in terms of sales and installed batteries. I have visited their head offices and operations, spoken face to face with their scientists and engineers who build these batteries and source the electrolyte that powers them. Without exception, we have been told by every one of these VRB manufacturers that it is the rarely-occurring sedimentary-hosted deposits that they are looking for, for VRB applications. Magnetite-hosted (i.e. iron-bearing) deposits do not work, because the process to remove the iron and the rest of the contaminants associates with these deposits make them uneconomical. To my knowledge, I do not know any magnetite-hosted vanadium junior claiming their material goes to VRBs that has actually had their vanadium tested by the mature VRB companies I mentioned above AND with project economics to support would be profitable to even do so.
We fully recognize that information is not out there for investors to access - the industry is very opaque and difficult to navigate. In order to understand what we have learned, investors have to speak to directly to the VRB manufactures and specifically the engineers i.e. the people in “white lab coats”. These VRB manufactures all source the high-purity V2O5 from mostly stone-coal deposits (sedimentary deposi
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Hello Friends of HC - I hope you’re all well.
So a good friend of mine Preempt and I have been working on some research together in regards to the Vanadium industry and some of the massive misinformation out there, that’s being spread around by a lot of companies.
For reference I’m going to post the original piece of information out from Next Source Materials website which caused a stir on some threads:
https://t.co/koD9hSiwxx
“Ninety-five percent of vanadium deposits worldwide are magnetite-hosted, meaning that the vanadium is bonded with magnetic metals, such as iron and titanium, and commonly occur as thinly layered deposits. Magnetite-hosted vanadium deposits are well suited for the steel market, where vanadium is produced into ferrovanadium, the form in which steel producers buy vanadium in order to combine it with steel to make high-strength metal alloys. Just 2 pounds of vanadium added to a tonne of steel will double its strength.
What makes the Green Giant Vanadium Project particularly unique among the majority of vanadium deposits in the world is the fact that it is a sediment-hosted deposit. Since about only five percent of vanadium occurrences occur in sediments, the Green Giant Project is a rare type of vanadium deposit.
Being sediment-hosted, no magnetic metals are associated with Green Giant’s vanadium and this makes it ideally suited to produce high-purity vanadium pentoxide (V2O5), which is a key precursor material required to produce the liquid electrolyte that powers a vanadium redox battery (VRB). The VRB is currently recognized as a leading, large-scale energy storage system technology for the harnessing of coal-powered and renewable energy and as such, is forecasted by industry analysts to have high future demand growth.
Since high-purity V2O5 is essential in producing the clean electrolyte (99.5%) needed in VRBs, magnetite-hosted vanadium deposits are not well suited for VRB applications. This is because they contain impurities not found in sediment-hosted deposits and the impurities, which must be removed, are costly to extract.”
Now - Some posters replies were very dismissive and suggested they were a “Vanadium wannabe” and it was false information.
With this in mind Preempt and I decided to do some further research.
I spoke with the Vice President at Next Source Materials - Brent Nykoliation. He stands firmly behind what’s written on their website and says they’ve been leading the research into sediment hosted Vanadium for some time. He also said when I asked him about the benefits of sediment hosted Vanadium deposits over Magnetite hosted Vanadium deposits:
“NextSource Materials discovered its sedimentary-hosted vanadium resource over 10 years ago in Madagascar and have invested over US$15 million to delineate a very late-stage (NI 43-101 compliant) resource with a technical study report, confirming our Green Giant project ranks as one of the largest-known and highest (in-situ) grade V depos
I see our neighbour has had some really good intersects. http://www.newswire.ca/news-releases/algold-intercepts-3985-gt-au-over-6-meters-at-tijirits-eleonore-zone-593380461.html?tc=eml_mycnw Algold Intercepts 39.85 g/t Au Over 6 Meters at Tijirit's Eleonore Zone MONTREAL, Sept. 14, 2016 /CNW Telbec/ -ALGOLD RESOURCES LTD. (TSXV: ALG) – (the "Corporation") today announced more results from its Phase I 10,000-meter drilling campaign carried out on the Corporation's Tijirit property ("Tijirit") in Mauritania. New results continue to validate the potential of a significant 3.1-kilometer strike gold zone and indicate that the northern part of the Eleonore Zone appears to hold a very rich gold system dominated by at least one major quartz vein hosting significant visible gold, which remains open in all directions. Highlights •Hole T16RC071 - 6 m @ 39.85 g/t Au, including 2 m @ 112 g/t Au, is situated in the northern area of Eleonore, 100 m NNE and on strike of hole T16RC024 (6 m @ 4.23 g/t Au - referenced in Algold's press release dated August 16, 2016). (Figure 1) •Hole T16RC069 - 3 m @ 2.03 g/t Au is located under T16RC024 (6 m @ 4.23 g/t Au) indicating a possible "pinch and swell" of the vein. •Hole T16RC072, situated between hole T16RC024 and T16RC070, intersected two zones of gold mineralization, 4 m @ 1.35 g/t Au and 2 m @ 1.94 g/t Au, thus further indicating at least two vein systems. •Discovery hole T16RC083, intersected 2 m @ 5.47 g/t Au 10 km south of Lily, in a new area hosting an outcropping quartz vein with visible gold. This round of drilling identified three coherent gold zones in which a minimum of two to three gold bearing quartz veins have been developed in an "en echelon-type structure" between two major structural features identified from satellite imagery. All three sectors of the Eleonore gold zone are still open in all directions, with extensions currently being drill tested. Algold is now in receipt of approximately 80% of the outstanding assay results from its Phase I drilling program. Detailed geological descriptions of all mineralized zones can be found on Algold's website (www.algold.com) and on SEDAR (www.sedar.com) in the report entitled "Algold 43-101 Technical Report: Tijirit Maiden Mineral Resources Estimates for the Tijirit Gold Project in Mauritania". Quality Assurance / Quality Control (QA/QC) Analytical work for geochemical samples and rock chip samples is being carried out at the independent ALS Laboratories Ltd. in Loughrea, Co. Galway, Ireland, an ISO 17025 (2005) Certified Laboratory. Samples are stored at the Corporation's field camps and put into sealed bags until delivered by a geologist to the ALS preparation laboratory in Nouakchott, Mauritania, where samples are sieved and prepared for shipping. Until the end of 2015, samples were analysed at ALS facility in Bamako, Mali. Since early 2016,
Just perusing the schedule 1 for Aura Energy today and saw a very interesting snippet......Stephen Pycroft and Brendan Kerr are large shareholders!! Big wheels indeed in a small car. I recall Pycroft was a Director of Sirius with a big holding. Now what are these key people doing in a little Aussie outfit like Aura!!! Maybe they want to do a Sirius Minerals in Aura!! Interesting!! And Sirius has gone from 5-6 p to 50p in short order....Aura was up 120% on debut... AIM listing this week! Look out
I like the comparisons between Berkley and AURA. http://www.proactiveinvestors.co.uk/companies/news/163693/aura-energy-shares-double-on-debut-is-this-the-next-berkeley-energia-163693.html
http://www.proactiveinvestors.co.uk/companies/news/165719 Aura Energy makes premium AIM debut Share 09:49 12 Sep 2016 Peter Reeve, Aura’s executive chairman, described the new listing and the fundraising as “an outstanding outcome”. trader celebrating Aura Energy shares changed hands as high as 1.55p on Monday. London’s latest uranium share Aura Energy Limited (LON:AURA, ASX:AEE) got off to a premium debut on the AIM market on Monday. Aura Energy shares changed hands as high as 1.55p on Monday. In its AIM float Aura raised £2.24mln of new capital, selling new shares at 1.14p, and thus valuing the group at £7.45mln. It also raised the equivalent of £466,990 to what it described as sophisticated Australian investors, with shares sold at 2 Australian cents each. Peter Reeve, Aura’s executive chairman, described the new listing and the fundraising as “an outstanding outcome”. “We have always believed that, given our European and African focus, dual listing on AIM was both an attractive option for Aura and a natural marketplace for us. “This is a transformational period for Aura, and as only the second quoted uranium company on AIM, we believe the company will generate significant traction for our shareholders as we progress our strategy of phased development and low capital cost projects to allow early cashflow generation particularly from the Tiris Uranium Project.” Reeve added: “The success of this dual listing process is a vindication of Aura’s uranium assets in Mauritania and Sweden and its gold, soda ash and lithium tenements in Mauritania. “This package of development and exploration assets has gained broad market appeal with investors and has been the subject of a full technical review by an independent competent person.” He also highlighted that Aura Energy is now ideally positioned over the coming years as it looks to become a leading uranium developer. “We believe there is a substantial uranium market opportunity ahead of us as there has been little new investment into the uranium sector, despite the world’s energy needs growing exponentially,” Reeve said. He highlighted the group’s belief that nuclear energy will face a deficit of uranium supply, not least due China’s growth in nuclear power. China is expected to double its nuclear generation capacity by 2020 and, according to Reeve, a substantial increase in uranium prices is projected by the end of the decade and that would coincide with the anticipated start-up of Aura Energy’s Tris mine. Funds raised by Aura Energy are, among other things, earmarked for the completion of a feasibility study of the Tiris project, which is located in Mauritania.