REMMY -Rare Earth Minerals Plc

Hi Ciao. Relax and select a nice vino to have over the weekend.

More to come. Can't wait for Q1 BFS for BCN

THIS only gets better with time. Like a good wine.

Thanks

Harry

 

http://www.caradvice.com.au/470849/...llion-factory-electric-entertainment-complex/

 

https://www.google.co.uk/amp/www.di...-metal-battery/amp/?client=ms-android-samsung

 

http://video.cnbc.com/gallery/?video=3000545222&play=1 Peter Secker interview

 

http://europeanmet.com/assets/6_July_-_EMH_-_Drill_Program_Update_-_Final_-_Inc_JORC_copy_1.pdf

The world is chaging

It's getting better, lots better

 

http://www.barchart.com/opinions/stocks/REM.LS

Worth a look if you are thinking of investing

Dyor please

 

http://www.teslarati.com/tesla-reportedly-fined-south-korean-supplier-1-million-breach-nda/

Now you can understand why leaks are not forthcoming about BCN and REM and TESLA deal

Just wait. Imho this is going to space x when news is released and news of the NDA's

 

Perhaps Space X not a good example under the present circumstances. Sorry Elon.

 

Opinion: No Opinion
Price: 0.805
View Thread (4)
....
Today 21:06
7 HOURS AGO by: Kate Burgess
The town of Bacanora in Mexico has lent its name to two products with intoxicating potential. The first is moonshine made from wild agave plants that was legalised in 1990s and is now sold as Mezcal, a cousin to Tequila. The second is Aim-quoted Bacanora Minerals, which has heady plans to supply enough lithium to meet a 10th of global demand.

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Fans of the increasingly fashionable Mezcal say that, unlike other alcoholic drinks, it does not lead to hangovers and leaves drinkers with a happy buzz.

Bacanora Minerals clearly hopes to do the same for its investors, unlike the other junior market explorers that have promised too much, too early, leaving shareholders with nothing but headaches.

Bacanora’s shares have fared better than many since floating on Aim two years ago, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.

Now the miner has persuaded blue-chip investment groups such as BlackRock that it has a real chance of graduating from exploration to commercial production within three years.

Rare Earth Minerals, chaired until last year by the colourful David Lenigas of “Gatwick Gusher” fame, is still the miner’s biggest backer with about 15 per cent of the shares and a claim on the some of the mines. But BlackRock and M&G now own 17 per cent between them.

Lithium is the mining industry’s current tipple of choice. The light, volatile, silver-white element, sometimes known as “white petroleum”, is used in products ranging from ceramics and glass to lubricants and drugs. But more important is its ability to store energy.

Already, about 40 per cent of the 180,000-plus tonnes of lithium consumed a year is used to power phones and laptops as well as electric cars and wind farms. By 2025, when demand is expected to be nearer 350,000 tonnes a year, well over half the lithium produced will go to the renewable energy industry.

Tesla Motors, the US carmaker building a battery plant in Nevada, is expected to be turning out about half a million electric dodgems by 2018. That factory alone could absorb the world’s entire lithium ion production, according to some estimates.

Who knows where demand will be in 2030, when soothsayers reckon the market in electric cars will have quintupled to about $24bn? Or in 30 years, when the likes of Germany hope to be entirely reliant on renewable energy sources.

Lithium is found in small concentrations across the world, from Australia and Afghanistan to America. But almost all the battery-grade lithium carbonate is mined in the remote salt flats of the Atacama Desert on the borders of Chile, Argentina and Bolivia. That is where three of the four companies that control close to 90 per cent of the world’s output operate.
Extracting the mineral from salt pans by evaporation is painstakingly slow, however. That was the opportunity that Colin Orr-Ewing, who founded, funded and chaired Bacanora until his unexpected death last month, spotted a decade or so ago when he alighted on the lithium-bearing clay deposits in Mexico.
He reckoned Bacanora could extract lithium carbonate faster and in a more politically stable and friendly area with access to Asia, where 95 per cent of the world’s lithium batteries are produced.
Now, after years testing the process, Peter Secker, Bacanora’s Australian chief executive, is confident Bacanora will start production in 2019 and be churning out 35,000 tonnes of the silver stuff by 2022. And it will do so at a cost of about $2,700 a tonne. That is low for the industry and substantially below the $6,000-plus that a tonne of lithium carbonate currently fetches. Even if prices fall, the company can maintain those margins, says Mr Secker.
Still, the company has a lot to do. For a start, the full feasibility studies have yet to be completed. They are due next year. It then needs to secure offtake agreements with users and finalise project financing — estimated at about $240m for the first phase — to build the processing facility. Aside from the uncertainty surrounding the 10 per cent stake owned by Mr Orr-Ewing, Bacanora will have to raise more debt and issue new shares. Not even the most intoxicated analyst thinks the group will be earning anything before 2023.

 

13 September 2016
SIGNIFICANT CAPITAL SAVINGS IN REVIEWED SCOPING STUDY
European Metals Holdings Limited (European Metals) is pleased to announce a significant reduction of pre-production capital costs, based on a review of the scoping study. The review is being undertaken as part of the pre-feasibility study and has resulted in the identification of significant reductions to the previously-released capital expenditure estimations (CAPEX) for the Cinovec Lithium-Tin Project (Cinovec or Project).
Key Points:
• Project economics enhanced
• Significant reduction in CAPEX costs
• USD 38 million saving on mining CAPEX costs
• USD 47 million saving on lithium plant CAPEX costs
• Improved design and operating procedures based on independent studies and market benchmarks
• Savings, designs and operating procedures to be included in improved pre-feasibility study
European Metals CEO, Keith Coughlan said
“The current environment provides an exceptional opportunity for European Metals with low capital costs and increasing prices and demand for lithium carbonate. Cinovec is currently the largest lithium deposit in Europe and conveniently located in close proximity to multiple end-users. Enhanced economics are making the project even more attractive.
“The reduced capital requirements that we have achieved improve the project economics and shorten the payback period. This assists greatly in attracting development finance.
“We will continue to report on improvements to aspects of the pre-feasibility study. Metallurgical testing and test work on the front end of the proposed process route are progressing with positive results that we expect to announce shortly.
“We are very pleased with the progress on all facets of the pre-feasibility study currently being completed on Cinovec. Significant improvements are evident in all aspects and will result in further enhancments to project economics.”

 

EMH have issued an announcement tonight on ASX advising that a reviewed scoping study shows an 85m USD reduction in expected capex for Cinovec mining and lithium plant and improved design and operating procedures which will be included in improved pre-feasibility study. It says enhanced economics are making the project even more attractive. Very positive news.

 

London-listed Bacanora Minerals (Aim: BCN) – full disclosure: I own a small stake in this stock – stumbled on what seems to be a world-class lithium clay deposit in the Sonora region of northern Mexico almost by accident. It bought the mining rights for a borate prospect (another niche compound) from Rio Tinto, only to discover that it was sitting on huge deposits of lithium-rich hectorite clay. With these sorts of deposits starting to become of commercial interest, it partnered up with another London-listed company, Rare Earth Minerals (Aim: REM), which has funded a programme of exploratory drilling that has unearthed billions of dollars’ worth of lithium in the hills of the Sonora region.

Of course, the question is – can it recover the lithium cheaply enough? Over the years, Bacanora has developed a lab-based extraction method. The company chairman (and veteran of the junior mining sector) Colin Orr-Ewing has let it be known that the company’s unique methods of metal extraction is both environmentally sympathetic and can even beat brine extraction on costs. Rather than use nasty chemicals to extract the lithium, Orr-Ewing says the process is a relatively simple one involving roasting the clay, then leaching the lithium compounds out with water. Given environmental regulations in the car industry, such concerns could be a significant factor when choosing a supplier.

The huge battery corporations require secure and scalable supply. Both Western Lithium and Bacanora say they can deliver. What they need is the money to put their laboratory-based models into full-scale production. Both are looking for partners who will fund construction of plant and facilities,in order to secure future supply. I have researched the lithium market, and it’s my view that both miners can get these deals done.

Don’t get me wrong – these are still highly speculative investments. All junior miners and explorers must be considered punts. Remember, there’s no production yet, lots of things can go wrong, and these tips are for your speculative money only. But this is also an industry in a state of flux. So getting in early could be hugely profitable – just don’t bet the house on it.

You might instead consider Rare Earth Minerals as a slightly more diversified play – it’s a holding firm investing in both rare-earth mineral projects and lithium (not technically a rare-earth), and has big stakes in both Bacanora and Western Lithium. Another company to keep an eye on is European Lithium – it’s not yet listed, but plans to raise £5m on Aim later this year to develop a project in Austria.

 

http://www.bloomberg.com/news/artic...ttery-demand-in-growing-german-storage-market

Is just getting better