So anyways, i ended up flicking off the BGS story to a few emails at the Fin Review and Syd Morning Herald:
afrnewsdesk@copyright link.au
sarah.thompson@copyright link.au
a.macdonald@copyright link.au
[email protected]
[email protected]
I also purchased a Fin Review to get some names of authors so i can follow them up personally, but this proved to be a waste of time as their contact details weren't available.
I spoke to one guy named Nick 02 9282 2822 who said to flick through "the story" and they will get back to me within a week or if they like the story or not.
This is pretty much what i sent them:
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I was hoping to get in contact with a reporter who would be interested in reporting a story about an outstanding, uncovered, up and comer in the lithium space.
The company is Birimian Limited (ASX:BGS) and they have acquired an initial lithium resource of 15-18MT @ 1.8-2.2%Li2O in early March 16.
Lithium Drill Campaign
The most recent BGS announcement (refer attached/3rd RC drill announcement) has not only met the 1.8-2.2% Li2O initial resource expectations, but more importantly it indicates that the 15-18MT will be smashed:
"
confirms discovery of new, high grade lithium pegmatite body at Goulamina West Zone"
"
exceptional widths of highly continuous lithium mineralisation at Goulamina main
and West, include
substantial very high grade (+2%) zones"
"
new discovery (West Zone) significantly expands scope for additional resource tonnage"
These results are simply from the Main Zone and Western Zone of the current drill program. They both extend further north and south from the defined drill program so the likely hood that there will be further discoveries/positive drill results is high.
Gold holdings
- Their lithium and gold assets are based in Mali where management and the Mali government have operated soundly for many years now.
The Mali government is a stakeholder with BGS so their interests are aligned which will make resource development seamless.
- "Discussions ongoing to progress development solution", "to realise a target of 8MT @ 1.5 g/t golt (400,000 oz)" which could easily be processed at the Morilla Gold Mine and Processing Plant (<25 klm away from resource).
As the "current mill feed at Morilla will be exhausted in 2016", this offers excellent opportunity for the solution to be finalised this year.
When this deal is finalised, it would see revenues enter the business that will enable funding of the lithium project without external raisings.
Peer comparison
I will assume you have heard of the Pilbara Minerals (ASX
LS) story.
I believe Birimian sits today, where Pilbara was in September 2014.
Reasons for this:
- We have a high grade lithium resource (chemical grade)(also higher than Pilbara Minerals)
- We have excellent scope for resource growth.
Pilbara Minerals had an initial exploration target of 10-20mt @ 1.2-1.5%Li2O and continually grew the resource to where it is today.
Birimian's initial exploration target is 15-18mt @ 1.8-2.2%Li2O, and as mentioned above, it is likely that this target has already been significantly expanded with the Western Zone. And more to come from both south and north of both the West and Main zones.
I'd love for you guys to cover the Birimian Limited story in one of your articles so please feel free to give me a call or shoot me an email to discuss further (details below).
My only affiliation with Birimian is that I'm a shareholder.
Kind regards,
(20min delay)