Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hope this works....
https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://anyflip.com/tcch/ztvr/basic/51-100&ved=2ahUKEwiRiv6Ez__fAhViSxUIHZdPDc0QFjAAegQIAhAB&usg=AOvVaw2WEEdYWmkvrwWkjVtEefiO
That's Len Kolff, our Chief Geologist and COO also increasing his holding
I agree, it would be great to offload some of the lower priority assets but the current commodities climate is still not in the right place.
Tchibanga alone will require a $3bn capex and IronRidge would need to spend $20m on exploration before its saleable. Yes, it's massive but nobody is going to pay us for an asset with very little exploration - especially if they then need to raise a silly amount of money to make it work.
Monogorilby is further developed and we have a JORC resource so maybe (if Bauxite becomes highly sought after) we could get some traction here.
May Queen is pretty much in the same place as Tchibanga and Belinga Sud. We found gold (very high grade at surface) but we haven't dipped our toe in yet.
Quaggy and Calrossie permits (Nickel) are prospective but again, we haven't done anywhere near enough exploration to assign value. They could be huge but what would everyone rather spend the money on right now?
For a long time, we have all voiced concerns about focus and priority so I'm happy that the company is now driving in a direction that will bring shareholder value. The numbers are finally coming!
Hi Eish, I think that Hodgefox has summed it up very well. IronRidge has been on a long journey and worked their way through a number of licences to now focus on just 3 jurisdictions.
Something I've been looking at in some detail is the main target area(s) within the Dorothe licence and specifically the exploration results at surface. I've put some diagrams on Twitter comparing this area to the Kalgoorlie Super Pit in Western Australia. The area is very similar but what we don't know is the depth.
Kalgoorlie Super Pit was Australia's largest open cut gold mine until 2016 when it was surpassed by Newmont Boddington gold mine. The pit is approximately 3.5km in length x 1.5km wide and over 600m deep. It is large enough to be seen from space!
The Super Pit district is one of the richest gold terrains in the world, commonly known as the Golden Mile. It was once considered the richest square mile on Earth! To date, the Golden Mile has yielded more than 60 million ounces of gold which would be worth over $77 billion at today's prices.
There's a lot of work to do before we know if the comparison stands but even a tiny fraction of this discovery would be enough to put IronRidge on the map.
DYOR and good luck all
Was he laughing at himself buying at 35p?
So you're thinking it's only going to be 100m - 150m deep?
So here are my thoughts around Chad, specifically Dorothe and more specifically the DMV zone and DAP zone which together are the main exploration focus (note that this is one of 7 exploration areas within just the Dorothe licence).
What we know:
3km x 1km area of high gold grade at surface (determined by trenching / channel sampling / soils)
Best results are 84m at 1.7g/t, 18m at 3.2g/t, 4m at 9.3g/t and 24m at 2.5g/t
Historical sampling gave us grades up to 103g/t
Significant and extensive artisanal mining sites throughout the area (see maps)
Artisanals have been down to 20m depth (see photos)
If you put all of this together with an average grade of 2g/t, a strip ratio of 3:1 and a below average recovery of 75%, I calculate just over 2MOz for the first 20m depth. Or you could say, 2MOz for every 20m that we find gold.
But that's just one of seven targets at Dorothe (although one of these is copper) and Dorothe is one of five massive licences in Chad - all proven to be prospective for gold.
I will caveat this with the usual disclaimer - please do your own research. There's still risk involved and a lot of work to do before we can prove that these calculations are anywhere close.
Good luck all
I'll post some numbers over the weekend munchbox ??
Jan 07, 2019 (Heraldkeeper via COMTEX) -- New York, January 07, 2019: The Lithium Ion Battery Market is expected to exceed more than US$ 69 Billion by 2022 at a CAGR of 16% in the given forecast period.
The Lithium Ion Battery Market is segmented on the Basis of Industry Analysis, Type Analysis, Power Capacity Analysis and Regional Analysis. By Industry Analysis this market is segmented on the basis of Aerospace and Defense, Automotive, Consumer Electronics, Industrial, Marine, Medical and Power.
Lol Mike but even the grim reaper is happy when his shares rise!!
Hello volume!
Hope everyone had a good Christmas!
The RNS machine will start churning again in January. Lots of news expected from both Ewoyaa and Abonku (pitting and drilling). The company has also promised an update from Cote D'Ivoire activities soon. Teams on the ground at Kalaka and at the 'copper anomoly' South West of Dorothe should also be generating RNS-worthy news in the new year.
No current focus on the Nickel plays. Australia is on a back burner. So is Gabon. Ghana, Chad and Cote D'Ivoire are priorities - our future is in West and Central Africa.
I was probably being over-optimistic Mike. This year is not going to be missed but plenty to look forward to in January imo.
Santa's coming!
Tough markets and this sp hurts. MMs taking full advantage - today made that very clear. Lots of companies have been battered down this past few weeks. However, we are in a pretty strong position as we carry on progressing the two new discoveries with around £8m in the bank. As I've said before, whilst others are doing desperate deals to raise cash, we will ride out the storm.
Not sure about the charts tbh :)
Personally, I'm here for the resources. And yes, my timing is not great. I bought at the bottom but I didn't get the memo to dump at the top!
What I do know is that we have two very good discoveries. The lithium will one day be one of the world's cheapest producing hard rock deposits. Dorothe could be one of the biggest gold discoveries in the last 100 years. Yes, the estimates are 'that' big.
Still risks involved, as with all exploration stocks. But we have fantastic assets, a great team and plenty of cash in the bank. That's a successful combination imo
Hi Eish, not sure about solid state batteries yet, think we're about 10 years away. Dyson dumped the solid state battery company recently and are now going it alone afaik. Don't write off Tesla just yet, they are currently miles ahead of everyone else on cost! Interesting times though!
I know the photo you're referring to. Worth watching this video about disruption by the amazing Tony Seba. Its an hour long but he's absolutely nailed the EV debate!
https://youtu.be/duWFnukFJhQ
It's clear that investors jumped on the lithium bandwagon a bit too early. Now is the time to hold lithium imo, for the following reasons:
1. ICE car sales are flagging, seriously flagging. EV car sales are increasing. Disruption has started
2. The barriers to EV ownership are being knocked down. There's a decent range of cars to choose from, the Model 3 is spectacular, Porsche just cracked the 3 minute charge (80% charge)
3. Infrastructure is expanding and quickly - Tesco tie-up with VW to put charging in 2500 UK supermarkets. BP and Shell both have their own charging systems / tie-ups. Tesla network continually expanding. Chargepoint, PodPoint all expanding their networks also
4. Range anxiety still a thing but most EV's will drive ~220km on a single charge. That's more than most people drive in a week. And it's much more than most people's 'bladder range'!! Just think about that.
5. Battery megafactories now up to 50 worldwide and now predicted to exceed 1.1TWh by 2028. There were just 3 in 2015 (Benchmark Minerals)
6. All the big auto makers investing billions in building EV's. Daimler just bought $20bn of batteries alone. Where will the raw materials come from? And that's just Daimler
7. It's finally been proven - the C02 footprint of EV's is less than ICE cars. I believe C02 breakeven (vs owning ICE car) is around 3 to 5 years - including car production.
8. But we burn coal to power EV's! Partly, yes. But the UK is now running on 50% renewable energy (and its growing). Did you know that the UK is the world leader in offshore wind energy?
9. But the grid will collapse if everyone bought an EV! Not true. New studies using smart-charging technology (already in use) show that EV ownership would actually help balance the grid. The grid could actually use your car as a battery!
10. But hydrogen fuel cell cars are the future! I'm sure they'll play a part (probably in public transport) but hydrogen charging infrastructure is expensive. You can fit an EV charger at home for just £99 and use your own electricity. If you have solar, you may even never need to pay to refuel your EV. And most importantly, most hydrogen cars have batteries anyway. So regardless of which technology wins, battery metals are still going to be very popular!
If anyone needs any links, I can provide.
I've been reading a lot lately about AIM companies struggling to secure funding. It's a tough market out there. Many have raised at a massive discount. A few have suspended because they can't get any interest from investors. Through this period, AIM will probably lose a few more companies.
When IronRidge announced a 20p raise, I was not best pleased. I always believed they would raise much higher. But looking at it again, it now makes very good business sense. And again, one of our big investors takes the majority of shares. The CEO again commits his own cash (and lots of it).
We now have around £8m to take us through this bear market. Many other explorers will be struggling to keep the lights on. We will have drills turning, excavators moving earth and samples in the lab. When the market turns (and it will), IronRidge will be in a much stronger position with advanced projects.
To clarify.....by 'World's top 5' I mean in the top 5 closest to port!