RE:Battery Metals Conference, FL ZZZZZZ's It was a good presentation. Worth listening to the 30 minutes.
Trevor made very good points about the quantity and quality of the resource. FL wants to show 100 million tons of reserves (size is King) , Pak and Spark may well be connected (600 meters at Bolt is onl a line between the two and takes up 1/3 of that interval. They have not tested between deposits but they believe all may be part of one deposit on same structure. Width is queen and is demonstrated by overburden projections, lowest anywhere. Iron is surrogate for many impurities and is very low.
Having lots of talks with potential offtake partners with various models to supporting the project. A lot of discussions covered by by confidentiality agreements. LOTS of potential partners. Feasibility study will advance some of those discussions.
More drilling in 2023, some infill, others for engneerign reasons, soem to extend limits of resource. Will continue to run two rigs throughout 2023.
Will make progress on feasibilty studies in 2023. First on the mine to spudomen concentrate project. Followed by the feasibility of lithium hydroxide chemical production. They are building a pilot plant to produce lithium hydoxide to add information th the feasibility study.
They are cashed up for 2023 with $C 32 million in the bank.
Making the case that FL is a tier 1 resource in a tier 1 juridadiction. That was pretty convincing.
They are moving forward "in one way, shape, or form". Seems to be a little Trevor phrase.
He did not talk about the infrastructure (power and roads) but I assume that is also advancing in one way, shape, or form.
Glad to be invested here. Likely will continue to add more.