Sunday, 24 September 2017

TNR Gold Royalty Holding: McEwen To Proceed With Los Azules Permitting And Prefeasibility Study.






McEwen Mining has released a very impressive new PEA on giant Los Azules Copper project located in San Juan, Argentina. Please note all disclaimers and that all this information is from public sources released by McEwen Mining. TNR Gold holds 0.36% NSR royalty on the entire Los Azules project. Rob McEwen has done a great job and Los Azules Copper now is even larger than before:

New Resources in all categories reported by McEwen Mining:

1. Copper is up from 19B lb to 29.5B lb - plus 55%
2. Gold is up from 3.42B lb to 5.5B lb - plus 61%
3. Silver is up from 108.7 Moz to 191.1 Moz - plus 76%

The quality of resource has improved as well, according to McEwen Mining:

Copper before was 28% Indicated to Inferred

Copper now is 53% Indicated to Inferred.

$2.2 Billion After-Tax NPV@8% and IRR of 20.1%


3.6 Year Payback at $3.00/lb. Copper and 36 Year Mine Life
415 Million lbs. Average AnnualCopper Production For The First 10 Years
$1.11/lb. Copper Average Cash Production Cost (C1) For First 10 Years


 Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this article; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



TNR, through its lead generator business model, has been successful in generating high quality exploration projects in the Americas and Europe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR Royalty on the prospect.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina, and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
TNR is a major shareholder of International Lithium Corp. (TSXV:ILC) (“ILC”), a green energy metals company that was created through the spinout of TNR’s energy metals portfolio in 2011.  ILC holds interests in lithium projects in Argentina, Ireland and Canada. TNR continues to hold approximately 15% of the outstanding shares of ILC.
TNR retains a 1.8% NSR Royalty on ILC’s Mariana lithium property in Argentina. ILC maintains a right to repurchase 1.0% of the NSR on the Mariana property. The Company would receive $900,000 on exercise of the repurchase right. The project is being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd., a leading lithium product manufacturer seeking to secure its raw materials supply. Read more

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.



Green Energy Metals Royalty Company: TNR Gold Provides Update Of Activities.






Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this article; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



The Northern Miner:

McEwen to proceed with Los Azules permitting and prefeasibility study

McEwen Mining's Los Azules porphyry copper project in San Juan, Argentina near the Chilean border. Credit: McEwen Mining.


POSTED BY: TRISH SAYWELL

"Reforms introduced by the Argentine government to encourage mining investment by eliminating taxes on exported mineral concentrates prompted McEwen Mining (TSX: MUX; NYSE: MUX) to revise a 2013 preliminary economic assessment of the Los Azules project.
The PEA includes an updated resource estimate that incorporates results from the company’s 2016-2017 drill program for the 100%-owned project in the Cordilleran region of Argentina’s San Juan province near the border with Chile.
Los Azules – described by McEwen Mining as one of the world’s largest undeveloped high-grade open-pit copper projects — contains 10.2 billion pounds of copper in the indicated resource category (962 million tonnes grading 0.48% copper, 0.06 gram gold per tonne, 0.003% molybdenum and 1.8 grams silver) and another 19.3 billion pounds of inferred copper (2.67 billion tonnes grading 0.33% copper, 0.04 gram gold, 0.003% moly and 1.6 grams silver).
The revised PEA outlines a 36-year mine life and initial capex of $2.4 billion.
Using metal prices of US$3.00 per lb. copper, US$1,300 per oz. gold and US$17 per oz. silver, payback of the initial capex would take under four years.
Starting in year five, additional capex of US$278 million will be paid from operating cash flow.
The project’s after-tax net present value at an 8% discount rate is estimated to be US$2.2 billion with an after-tax internal rate of return of 20.1%.
The PEA envisaged an initial processing rate of 80,000 tonnes per day, increasing by 50% to 120,000 tonnes per day by year five.
Average annual production in the first ten years would be 415 million pounds of copper, at average production costs of US$1.11 per lb.
For the entire life of mine, the operation will produce 338 million pounds of copper a year, at average cash costs of US$1.28 per lb. copper.
The cash costs include at-mine cash operating costs, treatment and refining charges, mine reclamation and closure costs and copper concentrate transportation.
Rob McEwen, the company’s chief owner and chairman, said in prepared remarks that the project “offers tremendous potential to generate wealth for McEwen Mining shareholders and other stakeholders.”
The study outlined an owner-operated mine and conventional concentrator (flotation circuit) producing a copper concentrate for export. The process design was modeled on the flowsheet and implementation of Glencore’s (LON: GLEN) Antapaccay copper concentrator in the Andes of Peru. The company said Antapaccay shares many characteristics with Los Azules, such as similar ore properties and process plant altitude, “making it an obvious choice upon which to model the proposed infrastructure.”
The PEA envisions two years of permitting, drilling and feasibility studies followed by a three-year project implementation phase.
Results of the PEA lifted McEwen Mining’s share price in Toronto by 4.6%, or 15¢, to $3.43. Over the last year, the company’s shares have ranged between $2.73 (August 2017) and $5.83 (February 2017)."

Saturday, 23 September 2017

Lithium Race To Mass Market For Electric Cars: Tesla Model Y - Everything We Know.



With countries one by one announcing bans on fossil fuel cars sales in the not so distant future, the next question will be what models of electric cars will lead The Switch. Tesla Model S made the way for electric cars and Model 3 now will start a truly mass market for electric cars. Tesla Model Y can become the next blockbuster from Elon Musk and he now expects that Tesla can sell this compact electric SUV in the range from 500,000 to 1 million units a year.

We have The Switch in action when millions will be choosing electric cars. Bloomberg is forecasting that we will be able to choose from 200 EV models by 2020 and Elon Musk is "thinking hard" where to build Gigafactories 3,4,5 and 6. The market is not even close to the proper translation of what kind of EV tsunami is coming and how it will affect the demand for lithium and other energy metals.






Lithium Race To Mass Market For Electric Cars: What To Expect From Tesla Model Y.




People just love their SUVs, they are the fastest growing segment of auto sales and all automakers are migrating towards one or even a few SUV models to offer. The one who can make "the best affordable electric SUV" will be taking the market by storm. It can be Elon Musk and Tesla Motors again with its Model Y coming very soon among other 8 models of electric vehicles from Tesla!

The decision made under pressure from "Tesla's executive team" (as Elon Musk joked on the recent conference call) will bring Tesla Model Y much faster now. This electric car will share the architecture with Tesla Model 3 and it will make its time to market by late 2019 feasible. Elon Musk will be able to disrupt another very fast growing and profitable sector of the ICE car makers and leave a lot of competitors behind in the dust.

Tesla's ability to produce reliable lithium batteries in mass volume will be a crucial competitive advance.  Elon Musk is already talking about 6 Gigafactories coming up in the future and now the secure supply of lithium must be on his agenda finally. The dream of raw materials coming to one side of the Gigafactory and Teslas coming from the other end of it will be the dream without lithium coming from diversified sources and not just from your future competition like Panasonic. Read more.




Lithium Race: Tesla Model S Brought An Earthquake To The ICE Age Auto Industry, Now Tsunami Of Model 3s Is Coming ...





The most important message in this video is the presenter - the future belongs to the new generation and they will be buying electric cars. "I am a geek. I have never liked cars, I have never been a fan of cars until Tesla". Tesla Model S brought an earthquake to the ICE Age auto industry and Elon Musk has demonstrated that the best cars can be electric. Now tsunami of Tesla Model 3s is coming ... "We had the best electric cars and we had affordable electric cars, now we have the best affordable electric car.Read more.




"The cost of lithium batteries is going down very fast and I believe that fully electric cars will rule the world very soon. Tesla Model 3 with 65 kWh lithium battery provides over 200 miles of range and will become the standard in the industry with its mass volume production from this July. There is around 60 kg of LCE (Lithium Carbonate Equivalent) in one Tesla Model 3 battery. We will need 36 Million Tonnes of LCE to be produced by 2040 to put this IEA plan into life. 



To put it into perspective, the total lithium production last year was around 200,000 T of LCE. Now you can better understand why there is the real cut throat competition for the security of lithium supply which is still hidden from the most of the people by the clouds of toxic cancer hazard fumes emitted by all DIEsel cars on our roads. ICE (Internal Combustion Engines) are on the way out, all cars will be electric very soon and we are facing the total disconnect between the coming demand for lithium and the available supply. Read more."

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

All latest information is available in Company's filings on SEDAR www.sedar.com




Lithium Hydroxide Production From Brine: Effective Separation Of Lithium From Contaminants By Membrane Technology.



Saturday, 9 September 2017

Tesla Earthquake Aftershock: Lithium Race Ludicrous Mode - China To Ban Sale Of Fossil Fuel Cars In Electric Vehicle Push.




Bloomberg reports groundbreaking news from China. The government will set up the deadline for automakers to end sales of all fossil fuels powered vehicles. Electric Cars are unstoppable now and after Tesla Earthquake The Tsunami of Electric Cars is coming.


Now we have a better understanding why Ganfeng Lithium: JV partner of International Lithium - was going vertical last few months. This kind of news is traveling very fast in the state corridors of power in China. This geopolitical move will have very wide political and economic implications as we have discussed it here for a long time. China is very well positioned to take the lead now and the ICE Age Of Oil is officially over.





Lithium Race And Tesla Earthquake Aftershock: Coming Electric Cars Tsunami - Electrification Of China And India.



Lithium Race And Tesla Earthquake Aftershock: Coming Electric Cars Tsunami - Electrification Of China And India.

Kirill Klip, Executive Chairman International Lithium Corp.


International Energy Agency is finally seriously promoting electric cars. This brilliant infographic gives us the sense of what is really happening in the EV space now. I will give you another headline: "Tesla Earthquake Aftershock: Lithium Supply Chain Market Is Not Even Close To Being Ready For The Coming Electric Cars Tsunami.- translation is on the links below on my blog. I will help your research with another digest. Energy rEVolution is very hard to miss now, but the intensity of continued Oil and ICE Age auto-lobby disinformation propaganda tells me that serious money is still to be made in this Next Industrial rEVolution. 

The Lithium Technology is here. It took all humankind history to reach 1 million electric cars on our roads by 2015 and then just over a year to double it to 2 million units in the EV fleet in 2016! This is called exponential growth and we are at the very beginning of it. We have just crossed 1% of electric cars sales share for worldwide auto sales and electric cars are still just 0.2% of the total number of cars in the world. We have a long way to go to all new cars being electric, but it can be much faster than a lot of people think: Lithium Race At IMF: "Electric Cars Can Replace Motor Vehicles In The Next 10 To 25 Years."





Norway already has a 29% share of electric cars sales;
Netherlands - 6.4%; 
Sweden - 3.4%; 
China, France, UK - 1.5% (each);
U.S. - 1.4%.

Now with an introduction of Tesla Model 3, this growth in EV sales will be dramatically accelerated. Tesla Model S and X comprise 45% of all electric cars' sales in the US this year! They are the best electric cars, but also the most expensive. Somebody has put it brilliantly about Tesla Model 3: "We had the best electric cars and we had the affordable electric cars. Now we have the best affordable electric car"The other more than 200 models of electric cars coming by 2020 will do the rest.





Electrification of China and India will drive the next phase of the worldwide growth in EV fleet. India has announced that all new cars on sale will be electric by 2030and they are taking it seriously making the first tender for 10,000 EVs to be supplied for the government ministries and agencies now. Transfer of the best technology for Lithium Batteries and Electric Cars will be next. China is already The Centre of The Lithium Universe and exercises its state-level New Energy Plan step by step with the military discipline, starting with securing a Lithium Supply Chain.

IEA reports that in 2016, China accounted for more than 40% of the electric cars sold in the world, with 336,000 new cars registered. That is more than double the number sold in the U.S. China also has the largest electric car stock, with about a third of the global total EV fleet. But EVs are more than just electric cars: China has more than 200 million electric two-wheelers, 3 to 4 million low-speed EVs and 300,000 electric buses. The next fast growing sector will be electric trucks, like the ones produced by BYD. BYD is backed by Warren Buffett with his 10% stake and is the largest EV maker in the world at this moment, but Tesla is expected to overtake this company in the number of electric cars produced per month by the end of this year.






BYD is very proud to be back on the wave in China in July with over 11k EVs sold, it gives us over 130k per year EVs sold annualized. Elon Musk is talking about the rate of production with 20k Teslas per month by the end of this year and over 500k per year by the end of 2018. Tesla has more than 400,000 reservations for its Model 3. Now Elon Musk estimates the demand for Tesla Model 3 at 700,000 per year. 






We have The Switch in action when millions will be choosing electric cars. Bloomberg is forecasting that we will be able to choose from 200 EV models by 2020 and Elon Musk is "thinking hard" where to build Gigafactories 3,4,5 and 6. The market is not even close to the proper translation of what kind of EV tsunami is coming and how it will affect the demand for lithium and other energy metals.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

All latest information is available in Company's filings on SEDAR www.sedar.com




Lithium Hydroxide Production From Brine: Effective Separation Of Lithium From Contaminants By Membrane Technology.




Lithium Hydroxide Production From Brine: Effective Separation Of Lithium From Contaminants By Membrane Technology.

Kirill Klip, Executive Chairman International Lithium Corp.


We are talking here a lot about the new groundbreaking technologies for electric cars and lithium batteries. Now it is time to consider the most advanced technologies for the production of lithium as a raw material. The increasing usage of lithium batteries is driving the demand for lithium as a raw material and new extraction technologies will provide the technological advantage to the most progressive companies investing in the future.

My lower estimate for future demand is that 36 million tonnes of LCE (Lithium Carbonate Equivalent) must be produced by 2040 in order to meet the IEA's target for the 600 million electric cars necessary to keep global temperature increase below 2%. However, over 100 million tonnes of LCE will be needed if all new cars are to be electric by 2040, this being one of IMF's scenarios for the future. Now let's just start adding here the Energy Storage for Solar and Wind Power Generation.

Our starting point for electric cars is just over 1% of total auto sales in the world and only 200,000 tonnes of LCE produced in 2016. The dramatic increase in demand for lithium will require accelerated production from all known reserves of lithium and new resources will need to be found and put into production, this being crucial to the Energy rEVolution.

At International Lithium, we are very interested in processes developed for the recovery of Lithium Hydroxide directly from brine. Lithium Hydroxide is the highly sought strategic commodity which is used in lithium batteries as Tesla and Panasonic are doing for example at Tesla Gigafactory.  Read more.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.



All latest information is available in Company's filings on SEDAR www.sedar.com




Bloomberg:

China To Ban Sale Of Fossil Fuel Cars In Electric Vehicle Push.

  • Regulators are working on a timetable of the ban, Xin says
  • China joins U.K., France to phase out combustion-engine cars
China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market.
Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. The move will have a profound impact on the environment and growth of China’s auto industry, Xin said at an auto forum in Tianjin on Saturday.
A ban on combustion-engine vehicles will help push both local and global automakers to shift toward electric vehicles, a carrot-and-stick approach that could boost sales of energy-efficient cars and trucks and reduce air pollution while serving the strategic goal of cutting oil imports. The government offers generous subsidies to makers of new-energy vehicles. It also plans to require automakers to earn enough credits or buy them from competitors with a surplus under a new cap-and-trade program for fuel economy and emissions.
Honda Motor Co. will launch an electric car for the China market in 2018, China Chief Operating Officer Yasuhide Mizuno said at the same forum. The Japanese carmaker is developing the vehicle with Chinese joint ventures of Guangqi Honda Automobile Co. and Dongfeng Honda Automobile Co. and will create a new brand with them, he said.
Internet entrepreneur William Li’s Nio will start selling ES8, a sport-utility vehicle powered only with batteries, in mid-December. The startup is working with state-owned Anhui Jianghuai Automobile Group, which also is in a venture with Volkswagen AG to introduce an electric SUV next year.
China, seeking to meet its promise to cap its carbon emissions by 2030, is the latest country to unveil plans to phase out vehicles running on fossil fuels. The U.K. said in July it will ban sales of diesel- and gasoline-fueled cars by 2040, two weeks after France announced a similar plan to reduce air pollution and meet targets to keep global warming below 2 degrees Celsius (3.6 degrees Fahrenheit)."

Energy rEVolution And Elon Musk's Grand Plan To Power The World With Lithium Batteries Fully Charged: Tesla Powerwall 2.



The most interesting in this brilliant video from Fully Charged is that solar panels and Tesla Powerwall 2 are working perfectly well even in the UK. The message is very simple: the world is going to the Distributed Energy Generation and lithium batteries make it possible. By the way, if you are lucky to have your own house you will need 2 lithium batteries in your household in the future: one for your electric car and another one for your solar system. You will start saving money from the day one, but the initial capital investment will be still very significant for the majority of people. 

The real mass market adoption will come once you will be able to buy your Solar System, Lithium Battery and Electric Car all in one package and "pay as you" with quarterly payments which will be lower than you are spending now on electricity and your car. This future is very close now and Tesla has everything ready to take the market by the storm once they are ready for mass production of Tesla Model 3, Powerwalls and Solar Roofs. We have Elon Musk's Grand Plan To Power The World With Batteries in action.



My lower estimate for future demand is that 36 million tonnes of LCE (Lithium Carbonate Equivalent) must be produced by 2040 in order to meet the IEA's target for the 600 million electric cars necessary to keep global temperature increase below 2%. However, over 100 million tonnes of LCE will be needed if all new cars are to be electric by 2040, this being one of IMF's scenarios for the future. Now let's just start adding here the Energy Storage for Solar and Wind Power Generation. 
Our starting point for electric cars is just over 1% of total auto sales in the world and only 200,000 tonnes of LCE produced in 2016. The dramatic increase in demand for lithium will require accelerated production from all known reserves of lithium and new resources will need to be found and put into production, this being crucial to the Energy rEVolution.
At International Lithium, we are very interested in processes developed for the recovery of Lithium Hydroxide directly from brine. Lithium Hydroxide is the highly sought strategic commodity which is used in lithium batteries as Tesla and Panasonic are doing for example at Tesla Gigafactory.  Read more.




Elon Musk TED Talk: We Need 100 Gigafactories To Go 100% Renewable Energy And Tesla Will Announce 3 or 4 This Year.





Elon Musk was making his Ted talk recently in Vancouver and you can experience his ability to distort reality in our Lithium Universe first hand. Among very many mind-boggling ideas he reiterated that we will need 100 Tesla Gigafactories to move to 100% Renewable Energy for the whole world and Tesla will announce 3 or 4 new Gigafctories this year! 






Tesla Officials Visit Argentina’s Governor Of Salta For Solar And Storage Projects And Sourcing Lithium.





ElectTrek reports that "salt on the salad'": this is how Elon Musk has described lithium before - must be very important for Tesla's digestive system after all. I am writing here extensively about the coming control of the Lithium supply by Chinese companies who are very aggressively buying all the best lithium projects worldwide. It is very difficult to pretend anymore that any lithium will be coming from any signed by Tesla agreements with some junior miners in the nearest future. Lithium cathode is still produced by Panasonic for Tesla Gigafactory. Read more




Another part of this story is the rising price of lithium in China again. Last year we have seen only 14% rise in lithium supply and prices have increased by 74%. In December, Benchmark Minerals has reported that LCE (Lithium Carbonate Equivalent) was priced below $15k/T and Lithium Hydroxide (the particular lithium based chemical which is used in Tesla batteries) was around $18k/T. Last week I have received reports that in Shanghai LCE was priced at $18k/T and Lithium Hydroxide was at $22k/T. Today there are reports that LCE is already pushing $19k/T. It is all happening just before 4 major Lithium batteries Megafactories will be coming online in China this year and Tesla will move into the mass market stage with the production launch of Tesla Model 3 in July.





As you know, I have been preaching for years that security of lithium supply will be the most important factor determining the competitive advantage among different producers of critical raw materials for the Energy rEVolution. This Lithium Race will have the very far-reaching geopolitical implications. Now it looks like that Tesla is realizing that there is no secure supply of lithium for its massive expansion of operations from the underneath of Gigafactory floor in Nevada. Even if Panasonic is producing cathode for lithium cells which are made at Tesla Gigafactory in Nevada the supply chain is going all over the globe and back to China.





The real test to the market and supply chains for Energy rEVolution will come with the coming tide of Electric Cars and the following tsunami of Energy Storage. Bloomberg has recently reported that there will be more than 120 models of electric cars by 2020 and you should not be surprised as we have discussed here before that there are more than 70 models of electric cars on sale in China already. The next few years will determine who will have the keys to the new Energy rEVolution and control the supply chains. Hungry Dragons are flying high already and mostly in China, the question remains who and how will feed them without fear of being burnt in the process.