FUNDAMENTALS;
CLQ has more than twice the grade and nearly triple the cobalt resource compared to AUZ. .13% for 132kt v .06% for 54kt.
CLQ’s average resource grade is even higher than AUZ Sconi ‘expected feed grade.’ CLQ should be feeding through at around .18% in the DFS since the October 2017 resource upgrade.
CLQ - The largest & highest grade cobalt deposit outside of Africa. 1350 DD holes. 39yr LOM.
Biggest and highest grade scandium deposit in the world. CLQ Airbus partner.
Patented technology ensuring company is within the lowest cost percentile. Friedland ventured into CLQ for one reason - technology - to enable lowest cost of production. Costs are EVERYTHING.
Longest lead item secured - Autoclaves. 3yr wait and $20-30m price ticking for competitors.
Nickel, Cobalt and Scandium samples - verified. NB 6 - 9 months processing and purification to reach readiness and industry standard - hard work and flow sheet done. Samples verified by Easpring.
CLQ has a mining lease in place since 2001 - currently awaiting amendment to produce more cobalt in early years. CLQ are land owners not just mining lease holders.
MANAGEMENT;
Sam and Robert: Success - responsible for the biggest copper mine in history Oyo Tolgoi. Jiang Zhaobai - success +++ contacts in China - part of President Xi’s entourage to g20.
http://chinareadyandaccredited.com/top-chinese-business-leaders-accompany-president-xi-to-g20/
That’s 2 billionaires on the board, not 1.
Ex chair mining NSW.
Chinese backing; Binging offtake with Beijing Easpring - one of the largest cathode makers in China - looking to build cathode gigafactory on CLQ’s free title owned land.
CLQ substantial holders announced to market: $80m Investment from Pengxin. AustralianSuper backing.
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