IXR is on fire! Luv-ya-work mate!
Mining stocks worth researching for AVZ holders
- Thread starter Fletch77
- Start date
Winenut
Go AVZ!
Could be a life changer like AVZ hopefully
Was thinking the same, just wasn't going to say it on AVZ thread!Jumped in early on IXR at 4.5c, once AVZ pops off going to transfer funds straight into IXR. Gonna be a good year..
Skar
Regular
Just ran the numbers... since March 7th when I originally posted this... 0_o. I hope the retrace correction on some of this stuff isn't too big.
ESS + 40%
CHR + 20%
MLS + 30%
EVR + 10%
EUR + 50%
LPD + 30%
CXO + 40%
FFX + 30%
PLS +20%
SYA + 75%
PLL + 25%
AVZ + 40%
macda
Emerged
G'day all. Nice to see familiar faces in a different location
I am also keeping an eye on IXR and CXO, but have taken the plunge today on Vital Metals (VML) - think they're in the sweet spot. Just about to begin production (Jun 22) from their new rare earths extraction plant in Saskatchewan, to be fed from healthy stockpiles following completion of mining on Phase 1 of their northern Canadian project, with industry-leading recovery rates from their ore sorter. Also have offtakes in place for 75% of that product. With recent geopolitical moves to establish a North American REE supply chain, I think this is their time, particularly as they're starting from a relatively low base of c.$200m market cap.
Healthy cash balance, strong governmental support (recently received just under $1M CAD from the Canadian Northern Economic Development Agency) and management with a good track record (ex-Lynas). Their other projects are a bit more speculative, but they should have revenue coming in the door shortly to help support activities there.
I'm not strong on TA, but there are a couple of recent posts on the VML Chart Thread over on our alternative home that may be of interest to the chartists.
AIMHO, DYOR
I am also keeping an eye on IXR and CXO, but have taken the plunge today on Vital Metals (VML) - think they're in the sweet spot. Just about to begin production (Jun 22) from their new rare earths extraction plant in Saskatchewan, to be fed from healthy stockpiles following completion of mining on Phase 1 of their northern Canadian project, with industry-leading recovery rates from their ore sorter. Also have offtakes in place for 75% of that product. With recent geopolitical moves to establish a North American REE supply chain, I think this is their time, particularly as they're starting from a relatively low base of c.$200m market cap.
Healthy cash balance, strong governmental support (recently received just under $1M CAD from the Canadian Northern Economic Development Agency) and management with a good track record (ex-Lynas). Their other projects are a bit more speculative, but they should have revenue coming in the door shortly to help support activities there.
I'm not strong on TA, but there are a couple of recent posts on the VML Chart Thread over on our alternative home that may be of interest to the chartists.
AIMHO, DYOR
Just scrolling through posts on main thread and noticed many long time holders listing IXR as their 'secondary' holding. I know it has very a substantial ore body but does it have the potential to be anything like an AVZ of the rare earth sector? Accumulating a fair holding now so interested to hear thoughts on the future of IXR. Have watched a number of MD's videos and he seems to have his head screwed on the right way. Cheers
I bought into LRS a couple of weeks ago, 6/14 holes drilled in Latin America (Lithium triangle) and results came back today with a peak lithium grade of 3.22%
More results due soon
Also have kaolin/halloysite in australia and copper. I think their focus will be the lithium
Couple familiar faces over there and quite a few LTH’ers from LTR
More results due soon
Also have kaolin/halloysite in australia and copper. I think their focus will be the lithium
Couple familiar faces over there and quite a few LTH’ers from LTR
LEFOOL
Regular
hey mate i dont know as much as other do here but i dont think there could ever be another AVZ.. haha lets call IXR a mini AVZ
Frank
Top 20
Australia’s first rare earths refinery a stepping stone for local critical minerals sector
- Iluka boss Tom O’Leary says Eneabba refinery will help develop local rare earths supply chain in Australia
- PM Scott Morrison celebrates Government funding as the campaign trail draws nearer
- Rare earths, lithium, iron ore stocks soar in today’s trade
The owner of what will be Australia’s first rare earths refinery says the $1.2 billion plant will be a stepping stone for the development of a local industry in WA.
Canberra has given a low cost taxpayer loan worth over $1 billion to support the development of Iluka Resources Eneabba refinery.
Initially fed by nine years of stockpiles of monazite concentrate from the Mid-West based Eneabba mine — monazite being the highest grade source of rare earths neodymium, praseodymium, terbium and dysprosium globally — the refinery will be ramped up to take concentrate from Iluka’s stranded Wimmera deposit in Victoria and third party feed from other local producers.
Construction will start in late 2022 with first production due in 2025.
Both Iluka and the Federal Government are hoping to tap into an expanding market for “critical minerals” that will play a role in the shift from fossil fuels to green electricity.
NdPr, dysprosium and terbium are used in permanent magnets, a key component of wind turbines and electric vehicles.
EVs and wind turbines to require a combined 36,000t of the stuff each year by the end of the decade.
Iluka boss Tom O’Leary told analysts on a conference call today the ability to process third party concentrates was a key factor in its support from Government.
“It’s also been a key part of what has attracted government to enter into this risk sharing arrangement because we’re not merely building this facility for our own resources, it’s really to enable the development of the rare earths industry in Australia,” he said.
“I’m confident that over time, we will enter into arrangements with third parties around concentrate supply.
“The beauty again of the Eneabba stockpile is that it provides us a really attractive runway to time for such arrangements and of course for Wimmera to come online.”
While concentrate from Eneabba will only take up 24,600t of plant capacity a year, the plant will be designed with a capacity to take 55,000tpa of rare earths concentrate with a total rare earths oxide production rate of 23,000tpa and NdPr production of 5500tpa.
O’Leary says Iluka wants the plant to be “meaningful globally”.
Feds pump up critical minerals strategy on campaign trail
An election is coming up so PM Scott Morrison is front and centre.
He was on hand to comment on the FID from Iluka, backed by the loan as part the Government’s $2 billion critical minerals strategy as well as $200 million in equity from Iluka’s coffers.
The supply chain for processed rare earths is almost entirely located in China, with Australia’s largest rare earths producers, Lynas, planning to complete midstream processing at a new cracking and leaching plant in Kalgoorlie but maintaining its separation plant in Malaysia close to the Asian market.
The announcement comes after executives of several critical minerals companies joined Trade Minister Dan Tehan for a roundtable in the United States last week to discuss funding and partnerships between the nations over future facing minerals like rare earths.
“Australia has the best resource industry in the world and we have an unrivalled competitive-edge when it comes to being a reliable, sustainable provider of critical minerals and rare earths,” Morrison said.
“Our support for this project will capitalise on our advantages, helping to strengthen Australia’s critical minerals supply chain while also creating huge job and economic opportunities for Australians for generations to come.
“Australia’s critical minerals are in demand because they are the key input for everything from mobile phones to fighter jets, not to mention the technologies of the future that haven’t even been realised yet.”
Electrotech
Emerged
Iluka, ASM, COB and others recently visited the U.S. re: the U.S. supplying finance for Australian critical mineral projects.
It is a very active sector at the moment.
Frank
Top 20
I bought into LRS when they were 4c , so a 5 bagger already, Salinas has potentially the best grades of lithium on the planet on an overall basis, altho Catamarca in Argentina with historical grades of 6% may have a say about that statement, very early days , but if the tonnages can be proven up, this could be a project of the highest order.
The high grade kaoline / halloysite is another exciting project.
They just raised $35m and doing a 25000m drill campaign imminently
This is a $1 coy in the making........easy.
Hey Beisha, just like to say I appreciate all your charting work across AVZ/LRS. LRS is looking like a great project and keen to ride the wave up just like I did with AVZ.
I got 6.3c but can’t complain, looks like we’re forming a nice flag on the daily chart and with the incoming news we may head higher, I do expect a pullback and some sideways action at some point but for now we’re looking strong after that cap raise.
GLN....................best brine play on the ASX with grades of 900 - 1000mg/l, very low impurities, two world class projects Candelas / HMW , DFS due late Q4 2022.
Also has an 80% interest in a hard rock play near Green bush, soil sampling was encouraging, DD program commencing later this year
I have just recently charted and its not far away from a swing, great trading stock !
GLN is an AKE in the making.
imo
Also has an 80% interest in a hard rock play near Green bush, soil sampling was encouraging, DD program commencing later this year
I have just recently charted and its not far away from a swing, great trading stock !
GLN is an AKE in the making.
imo
Cannot wait till they progress their fast track strategy
