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2.5¢ st george mining limited

Ann: Trading Halt, page-49

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Archieros

1,488 Posts.

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08/08/24

15:07

Post #: 75127488
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Originally posted by HeathHedger: ↑

I'd think they'd need to drop it a lot more than that - Niobec operates on a 0.5% head grade quite profitably. But I take your point. At the end of the day CBMM need more mines online if they want Nb to viably move into the battery thematic. OEM's will not take the risk of supply from a single asset. That's what makes these deposits so incredibly important. Here's a salient fact for you - niobium pentoxide substantially reduced charge times down to 6 minutes (instead of 3 hrs for 80% charge in conventional LI ion batteries), while enhancing battery life by up to 20,000 cycles. Tell me that's not a reason to let other mines open so they can access that market...

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great point indeed

I saw an interview online that said the same thing

more mines coming online means more buyers as less supply risk and they can invest in factories etc without worrying about supply chain and pricing risk

SGQ will be a superstar

Last edited by Archieros: 08/08/24
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