MAT 3.13% 3.1¢ matsa resources limited

I think our proximity to China, rising costs of everything and...

  1. 1,609 Posts.
    lightbulb Created with Sketch. 579
    I think our proximity to China, rising costs of everything and china’s domestic environmental concerns around lithium production and mining makes a project not in their own backyard but rather their next door neighbour’s (Thailand’s) very viable and appealing. I like Paul’s reference to Australia being the ‘stranded’ resource relative to a Thai project when it comes to servicing Asian markets.

    what’s very relevant for us here at MAT is our partner being at the front and centre of a recent environmental issue halting their production of lepidolite … the easiest way to get around environmental legislation would be to conduct business in a country that doesn’t have the same red tape lol

    https://hotcopper.com.au/data/attachments/5067/5067682-7ffcfc580ef06839beaa226c8dcbd558.jpg


    also I’m wondering, lepidolite projects typically aren’t very high grade by nature … PAM is getting avg 0.44% LiO for their resource statement … China is using anywhere from 0.3-0.6% grade resources. Yet our ‘whole rock’ samples are grading significantly higher… I’m not familiar with ‘whole rock’ samples, are they similar to rock chips? Or an actual representation of what would be pulled out of the ground for beneficiation or processing etc… ? If they are just another way of saying ‘rock chips’ then I’m guessing we should just be expecting similar grades for a standard lepidolite project ?
    https://hotcopper.com.au/data/attachments/5067/5067578-7dcaabfa192705111b81694bbdbdd42f.jpg
 
watchlist Created with Sketch. Add MAT (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
-0.001(3.13%)
Mkt cap ! $14.84M
Open High Low Value Volume
3.2¢ 3.5¢ 3.1¢ $22.07K 679.9K

Buyers (Bids)

No. Vol. Price($)
2 440080 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 158066 1
View Market Depth
Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
3.1¢
  Change
-0.001 ( 3.13 %)
Open High Low Volume
3.3¢ 3.5¢ 3.1¢ 113933
Last updated 12.44pm 02/05/2024 ?
MAT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.