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Hey HamburgerK, The whole Pancho project would be better off...

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12/07/18

18:16

Post #: 34308558
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Originally posted by HamburgerK ↑

DYOR:
Not sure what the status is on Pancho or the alliance agreement?

Lithium opportunities have not been mentioned in June quarterly report, however the following statement came from the March quarterly report:
"During the Quarter, Atlas carried out further work to finalise a drill program designed to target lithium enrichment at its 100% owned Pancho lithium prospect."

Also the alliance agreement with MRL:
"The Alliance Agreement
Separate from the Scheme, Atlas and MinRes have also identified a range of opportunities on
which they can cooperate. To pursue these opportunities, the companies have entered into an
Alliance Agreement that provides a framework for:
• The parties will pursue a number of existing and potential future commodity opportunities
• A new vehicle (“SPV”), controlled by Atlas, will be responsible for managing Lithium and
Manganese operations
• MinRes will provide the initial working capital for the SPV operations, with Atlas then
providing funding going forward
• The alliance agreement and SID are not inter-conditional"

Expand

Hey HamburgerK,

The whole Pancho project would be better off elsewhere so the full potential of the project can be realised. See my below post regarding concerns about the project.

Cheers

https://hotcopper.com.au/threads/afr-article-27-may.4213573/page-130?post_id=33537919#.W0cMxxZ_WEc

AGO Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Hey HamburgerK, The whole Pancho project would be better off...

Top Stories

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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