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On the heels of Standard Lithium’s recent announcement of a maiden resource of 3.1Mt LCE in the brine fields of southern Arkansas, the company has faster than expected successfully commissioned a Crystallisation Pilot Plant for transforming brines into high purity (>99.1%) lithium carbonate. This news aligns with our thesis that the company is quickly surpassing the normally lengthy milestones required to get in to production and remains a low-risk lithium developer in North America.Highlights:
We are publishing our initial estimates on Rockcliff Metals with a valuation of C$0.32 per RCLF share, a 190% premium to the current share price. The company has consolidated a massive ≈200,000 ha portfolio of base metal and gold assets in the Snow Lake Mining Camp in Manitoba. We like Rockcliff’s balanced risk/reward profile with high probability that 2019 drilling is likely to expand resources combined with exciting “Blue Sky” potential at the Snow Lake South (SLS) #1&2 projects.
Mawson released drill results from both its Finnish and US assets. Results from the US look promising and while drilling was unsuccessful at the company’s secondary Finnish targets where further work is needed. Our thesis that the Rompas-Rajapalot project hosts a sizeable high-grade mineralized system remains unchanged and we are awaiting assay result from the US assets to understand that project’s potential.
Bonterra’s recent drill results indicate that the mineralization at Gladiator has a much wider footprint than initially thought and is likely to continue to grow to the north beyond the upcoming mineral resource estimate.
Results support our theory of a large high-grade system at Gladiator with expansion potential beyond the pending resource update, which underpins the company’s ~190koz/year production potential by 2020E, with the addition of the nearby Moroy and Barry deposits.
Monarques acquired the Wasamac Project for cheap from Richmont Mines (now Alamos Gold) in 2017 and by applying advanced mining designs, has transformed the project into an economic 142koz/yr project.
We believe Monarques has transitioned from a small-scale producer to a mid-tier developer in world-class mining camp and is a likely target for producers looking to bolster declining production profiles.
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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