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Eloro Resources Ltd T.ELO

Alternate Symbol(s):  ELRRF

Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900 hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing over 89 square kilometers. La Victoria has infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.


TSX:ELO - Post by User

Post by RickVaive1on Aug 16, 2024 9:27am
167 Views
Post# 36182239

Samsung Battery article Effect on Eloro

Samsung Battery article Effect on EloroThe Article states- The introduction of Samsung's solid-state batteries could have a substantial impact on the silver market. It is estimated that each battery cell may require up to 5 grams of silver, leading to a potential demand of 1 kg of silver per vehicle for a 100 kWh capacity battery pack. If 20% of the global car production (approximately 16 million vehicles) adopts this technology, the annual silver demand could reach 16,000 metric tons. Eloro has 300 million ounces of Silver with potential of significant increase in reserves. Latest brokerage target is $5.50 without additonal Silver reserves. This price target is understated if Samsung batteries come to market or Eloro significantly increases Silver reserves. I am betting it does!

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