Even though this research note covers a north American company - MGX Minerals and their Driftwood Creek magnesite deposit - its is an interesting read as it give some insights into the magnesite market, supply/demand issues, the China factor, etc.
Also of interest is the fact that MGX has partnered with Eaton Corp, an international power management company, and Highbury Energy who have developed a patent pending next generation dual-bed steam gasification technology. Power is one of the major costs associated with milling magnesite, and partnering with these two provides MGX with long-term/low cost energy solutions, as well as financial support and engineering expertise.
http://www.rockstone-research.com/i...s-Plans-To-Enter-The-Magnesium-Market-In-2016
Another interesting point is that AXE's subsidiary - Archer Energy & Resources Pty Ltd - owns PELA 567 which butts up to LCK's subsidiary - ARP TriEnergy Pty Ltd - PELA 647. Perhaps this is one of the "synergies" the two are exploring?
LCK also have a PELA (649) west of Cleve.
All the PELA's are applications, not granted, at this stage.
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