Member Info for SorB

Just in time - https://www.ft.com/content/a18f00e4-dad3-11e9-8f9b-77216ebe1f17

Just announced- Only takes a few of these deals to swing sentiment - https://electrek.co/2019/09/19/rivian-electric-delivery-vans-amazon/

https://www.reuters.com/article/us-australia-mining-batteries-idUSKBN1W304G

It wouldn’t surprise me that BA was sitting on those assays for a while and wanted to bury them in other news. I do think that all the bad news is out the way now, you will see something decent drop before the Agm. I’m sure of that.

Wasn’t going to post as everything I touch seems to go to ****, but Kod are tweeting like mad. One just now: Assay results demonstrate great continuity & width of pegmatite mineralisation leading towards an updated mineral resource at #Bougouni. Finalisation of #metallurgical testwork, review of transport, port facilities & contractors feed into the mining optimisation studies. #Lithium

On Twitter:
Today CEO Bernard Aylward met the Mali Minister for Mines & her advisers at the Africa Down Under Mining Conference, Perth. The meeting was a success, #KOD received a warm welcome & our Bougouni Lithium Project fits with the plan for mining diversification in #Mali. #AIM #ADU2019

https://www.brrmedia.co.uk/broadcasts/5d6e54d72760173908009957/kodal-minerals-esia-lodged--company-update

https://www.proactiveinvestors.co.uk/companies/news/901849/kodal-minerals-still-has-cash-in-the-bank-following-year-of-significant-progress-901849.html

https://www.wired.co.uk/article/lithium-oversupply

I’ll start off with Mali, and I’m only doing to see what we compare with around the world and who profitable will these companies be at worst case $550 a ton of SC6.

KOD with 1.2Mtpa using DMS comes in at ? Us$380/t
MLL with a 2Mtpa including flotation comes in at US$281/t

Please add

All, I’m being lazy here but has anyone collated a peer comparison of cost per ton of 6% spod?

BA mentioned in a podcast we will be under $400 via a DMS.

If not I’ll see what I can do over the weekend.

Found this on hot copper so thanks to the guy who posted it, in my opinion it’s a great read and will give you insight into why BA keeps mentioning battery grade lithium. https://hotcopper.com.au/threads/ann-trading-halt.4935712/page-211

Shaddam, appreciate the heads up but until we know the costs here using the DMS route and potential funding then we shouldn’t panic.

Oops, could spike again https://eandt.theiet.org/content/articles/2019/08/lithium-firms-are-depleting-vital-water-supplies-in-chile-according-to-et-analysis/

On a more positive note: https://www.reuters.com/article/us-byd-results-idUSKCN1VB1MO

Daz, i just hope we all can salvage some money out of this. That goes for all those in MLL as well.

Fastjet, thanks for replying. If I’m being honest I was hoping it was you, not that way wanted you to sell up but only to make some sense of the selling.

I look over at our neighbours and see the same pattern, it could get to the point that we’re forced to merge just to survive.

Fastjet, did you sell up?

Lost for words, think I’ve done my money here. The only thing I’m going to get out of this now is giving that c@nt BA a grilling at the AGM. That’s if he’s got the b@llocks to turn up.

I3lip, it’s great news to be fair.

I few doubters said you couldn’t get a 6% spod using a DMS, seems we can to start off with.

Ngoualana is key, I wonder in time if they can go deeper in those pits, seems like an abundance of resource is available the deeper they go.