LLL (ASX) Ann: 2023 Annual Financial Report Lodgement

Originally posted by Kikker1959: ↑

Fairly rich to criticise the WA investments , when one invests at 9 cents in 2019 and sell at $3 in 2023. Just like you I sold out and advised so and bought 250k shares back after ALB walked. Granted, I bought in too early, but time will fix this.
The real problem with African investments such as Mali and DRC is, not the resource, its the Dictatorships, juntas and corruption. Investors in these companies who own these resources get falls securities by looking at CAPEX and OPEX cost but totally and I mean TOTALLY mis judge the risk. This makes sense as they have never been to Africa and judge this through western coloured glasses. The returns are not bigger than investing in the West but the risks are of the scale. I have warned AVZ since 2018/19 about that, but the standard supply, cheaper OPEX and CAPEX than WA and we have the Chinese building in record time. Well how did that work out. I fear LLL is on the same road. The stories we are in confidential negotiations with the Junta is just bull dust. This does not take 7 months. What is happening is that they are at the mercy of the Junta and have no idea what they will decide. The stories here that they will buckle and the Junta will do the best for the people of Mali is also short sighted. The junta is there for the junta they do not care about their own population, never have.
Before we get posts again that Western companies are operating successfully in Africa, yes they are, BUT Africa is 4 times bigger than Aust and much much richer in resources. Ask yourself why then does not most of the world resources come from there? It is because most large resource companies will not invest there, for reasons stated. AIMO

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Can't get much bigger than Rio Tinto
https://www.riotinto.com/en/operations/projects/simandou

Throw in some ASX & AIM Listed Companies

West African Resource
https://announcements.asx.com.au/asxpdf/20220803/pdf/45chb37dghpw3k.pdf
https://energycapitalpower.com/west-african-resources-kiaka-gold-project/

Kodal Minerals
https://kodalminerals.com/wp-content/uploads/2024/02/Kodal-Investor-Presentation-FINAL-February-2024.pdf

Toubani Resources
https://announcements.asx.com.au/asxpdf/20230905/pdf/05tjbbjp6xz47x.pdf

Back to Tier 1 operators

Endeavour Mining
https://www.mining.com/endeavour-mining-starts-building-lafigue-gold-mine-in-cote-divoire/
https://www.mining.com/endeavour-mining-to-proceed-with-sabodala-massawa-expansion/
https://www.endeavourmining.com/our-business/lafigue-project

Barrick
https://www.barrick.com/English/news/news-details/2024/barrick-continues-to-be-a-major-value-creator-for-mali/default.aspx
https://www.barrick.com/English/news/news-details/2023/successful-partnership-will-keep-gold-shining-for-mali/default.aspx

B2Gold
Also note the delay/outstanding issuance of mining licence .. .. ..
https://www.b2gold.com/projects/development/anaconda/

Also note, the above are examples of capital expenditure for expansions, etc.

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Ann: 2023 Annual Financial Report Lodgement, page-74

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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KGL sniffs 19% Cu from drilling at Rockface play in NT

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Ann: 2023 Annual Financial Report Lodgement, page-74

Top Stories

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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KGL sniffs 19% Cu from drilling at Rockface play in NT

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