Imminent Sale of Cobalt & Copper, page-12

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catalyst4and20

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01/11/21

11:13

Post #: 57225602
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Originally posted by zoulou: ↑

Okay let's just review the current core tenements.

Vitangi (Nunasvaara and Niska), Jalkunnen and Raitajarvi speak for themselves and are all graphite. We will soon know how big it all is, say within the next six months if you need the extra comfort of what lies in Jalkunnen once all the drilling data is in and modelled into a high level JORC resource beyond inferred status. Jalkunnen is currently an inferred resource and is on top of what is expected from the current drilling campaign in Vitangi to be announced this month and next according to the quarterly review announced on Friday.

Masugnsbyn is iron ore and is on the table for divestment. It has been on the for sale list from the very start going back to when the tenements were originally acquired from Teck. The change in the political mood in Sweden on the matter of new mines make this asset particularly attractive for LKAB and for others such as Kaunis. The main reason being that a new iron ore mine is now not only a very strong possibility, but would also be developed from the start as a green iron project fully electrified and automated to the greatest extent achievable with current technology. I think it is probably worth more than a few cents a ton as it is has been delineated as a resource rather a target, inferred for the Vitangi one and indicated for Masugnsbyn, see page 18 of the Annual Report.

Kiskama was a legacy holding holding from the Teck tenement portfolio, TLG during its due diligence identified the Aitik East tenement and acquired it as an exploration tenement with the current work being undertaken to fulfil those ownership requirements with the Swedish mining authorities. It is also an attractive addition to Kiskama in the context of a spin off, which has always been on the cards. TLG did not have the resources to fully develop either of those mines as well as do all the ground work on graphite, which remains its core business to our great benefit as shareholders.

The vanadium tenement was let go as the refineries over the border in Finland already produce plenty of vanadium at very competitive prices.

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If I may, iyo what is the most likey way in which TLG will divestment its iron ore and cobalt/copper holdings. The way the slide presents suggests 2 different ways but maybe I'm reaching. Although MT did specifically mention a spin off in TLF interview.

TLG Price at posting: $1.55 Sentiment: Hold Disclosure: Held
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