Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s): TTLXF

Metals & Mining Industrial Metals & Minerals

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program. The Manono Tailings project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum. The Pegmatite Corridor Exploration project is located southwest of Dathcom Mining with 269 million tons of measured and indicated resources, for which the pegmatite extends throughout its licenses 12447 and 12448.

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Tantalex Lithium Resources Corporation

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Post by stkinvestor75on Nov 18, 2020 11:43am

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Post# 31922458

Drilling normally ongoing this week as per PR

https://webfiles.thecse.com/sedar_filings/00029657/1911061009389314.pdf?fbclid=IwAR3G3xHrvB10t4URZ95DtbzhF-vTKcpczgblrdJYqHzRrc-3uBp_k-80uLI

Drilling normally started this week.

Expecting between 60-80 Mt of Lithium ore with 0.5 to 1% concentration.

This would give around possibly between 5-10Mt to 6.6-13.3 Mt of spodumene concentrate at 6%. Each spodument tone is around 450-500MUSD per ton but expected to increase in 2022 to higher prices. While puting a price of 600USD per ton, it gives 8 billions USD in revenue for the total. If we consider a 25% gross margin, it gives a 2 Billions margin. The company is valued at what less than 3 Millions...nice discount

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