Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.

TSX:AII - Post by User

Almonty Industries Inc > IIF presentation

<< Previous

Bullboard Posts

Next >>

Comment by QuarterDollaron Dec 07, 2022 12:25pm

190 Views

Post# 35156585

RE:IIF presentation

Additional Points from IIF meeting:

When will Surface Works commence? LB: "Patience....I will address it".... telling shareholders to be patient but didn't state when he will address it.
Difficult to follow the traditional block model because tungsten is everywhere...no barren areas anywhere.
Underground work is 6 months ahead of schedule.
Primary goal is of the Sangdong build is to remain on budget.
Planned Milestones have not changed.
Panasqueira has a new tailings dam built which gives it another 9 years of tailings disposal. All work was done in-house.
Company goal to be ESG compliant within the next 3 years.
According to slide: Sangdong construction completion in 2023, ramp up in 2024, 25% of construction already completed. Strong economics FCF of approx $300M US by 2030.
Metos is creating a 3D animated video of the build out of Sangdong to be made public today or tomorrow.
Korean Stock Exchange listing will be done after Sangdong is in production.
Almonty hasn't persued other potential customers outside of Samsung and Plansee. LB primary focus is on maximizing value than making deals right now.
No stock price premium due to the implementation of ESG principals. It is just the cost of doing business.
Sangdong Reserve Estimate and grades: LB: Block models are currently under review for updating. Mine work has stopped now and will restart end of Feb due to the installation of Transformers and new electrical system. The revision of the JORC and 43-101 is something LB will look at in Q1 2023. (If anything is to be made public, it will be after Q1)
Processing of 1.2M tonnes of ore: LB: end of 2024....conservative estimate.....underground will be able to process 1.2M (before end of 2024) however LB wants the entire processing line to be able to process 1.2M which includes the DownStream Plant. LB: I am not going to rush to the finish. I am going to walk there carefully, becasue mining is a bottomless pit of disaster if you don't get it right. Once the snowball of loosing money commences, it becomes very difficult to stop it.
LB is going to walk cautiously to the finish line which especially applies to the Downstream Plant.
LB on Annual Production: 3K-4K tonnes of Tungsten Oxide. The Plant will have a Max capacity of 4K tonnes per year. Total Annual production is 440,000 MTUs....PERIOD.