And just a snippet of …
‘Looking into our own backyard’
…. Or perhaps “A Penchant for Primero” is a better title?
Who has the penchant? …
Has anyone else noticed how Elon Musk seems to be stalking the Primero lithium projects?
He has an eye for quality I guess?
- Covalent was first - Tesla booked an offtake deal way back when it was still Kidman Resources, in May 2018.(Mind you it was only a three year binding agreement and perhaps not quite a twinkle in the Primero eye at that time … but it DID have options to renew [ref])
- Next; Piedmont Lithium over in North Carolina, USA, in September 2020 https://www.reuters.com/article/us-...ly-deal-with-tesla-shares-surge-idINKBN26J03H
Prinero has been on the job there since the start I think (from memory), but ‘just before’ Tesla inked that deal - on June 23, 2020 - Piedmontappointed Primero Group as preferred EPC contractor for the spodumene concentrator “Primero will contract-operate the spodumene concentrator for a period of up to six years following construction.” https://tinyurl.com/y7otn5dr
And FN Arena essentially said on 07/10/20 that having Primero on the job may have given Tesla comfort. [“In our view, Piedmont Lithium’s appointment of its experienced technical consultant, Primero Group ((PGX)), as its engineering, procurement and construction (EPC) contractor, will significantly mitigate execution risk relating to the lithium project”….]
https://app.sharelinktechnologies.com/announcement/asx/65f9ac4acf2ddf6b0a26ed45ac875143
- Most recently - a few days ago - Tesla signed a supply deal with our Core project in the Northern Territory near Darwin where Primero site works are due to commence this month: https://primero.com.au/projects/finniss-lithium/
Cheers
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