Let's pivot the conversation back onto a subject which I hold in high interest. And that's M&A activity and posturing around various Lithium HUBs in both Quebec and Ontario.
And so you can talk about price of Lithium will do this or that all day long , with it obviously set to go to higher levels even from here. If it retraces as some stage so beit , as it is and hasn't been the prevailing driving Factor in Sayona's SP appreciation or moreover the ' lack thereof '.
Markets will always ' discount ' the likely hood or not of sustained rising prices , and any economic analysis worth its salt will take a more moderated and conservative approach to expected future pricing.
So what is actually the most important part of the lithium HUB strategy is not so much the ' Bonuses ' you get from spodumene and chemical pricing , but more about the ' TONNAGE ' that you have access to within the immediate surrounds of your ' dominant ' tenement holdings or indeed potential venture partners.
So whether prices rise or fall into the future , the Industry landscape and playing field has been set in motion with what has been widely talked about in the ' Consolidation ' of land holdings with HIGH known prospectivity in close proximity to potential Lithium HUBs.
And this is why Sayona went for the Tansim expansion as did Vision before them in securing its enlarged claims holdings package at its nearby Sirmac Lithium project
.
And I know I have talked about this many times , but Visions then went onto acquire its Wells Lacourciere lithium project located near Cadillac and down to the West of Authier in the Abitibi , which then Winsome followed shortly thereafter with its immediate adjacent Decelles lithium project - Both of which are only a stone's throw away from Authier and NAL. Winsome of course also has its Sirmac - Clapier deposit which is in close nearology to BOTH Visions Sirmac and Sayona's Moblan and Lac Albert claims.
Now I could go on all day about Critical Minerals acquisitions in Ontario , but for the purposes of sticking with those similar posturings to Quebec , I will leave them out of this post.
And we obviously hear and have spoken a lot of the potential and obvious partnership with Jourdan should they prove up a healthy extension over time of its Abitibi lithium properties.
However one PLAY that goes much untalked about on here , and which I mentioned in a post just a few days ago is the ALL Woman run Frotet-Evans Greenstone belt outfit DURANGO Resources Inc. who also have some excellent nearology projects to Nemaska's Whabouchi mine ( per the attached Maps ) .....and which we are seeing some significant movements around their SP which for those who have been following is up 12.5 % last night , 28.6% in the last 5 days , and 80% in the last 6 weeks.
So only 6 weeks ago they were valued at only C$1.4 million , and are now sitting at a Market Cap of C$6.9 million and less than a couple of $ Million off the more recently static Jourdan Resources.
So we can learn and interpret a lot of things from these posturing's and movements.
For one , we can see the typical run up ahead of potential favorable drilling and sampling results for Durango , but almost more importantly , and in the absence of any specific news from Pallignhurst or Nemaska , we can see that the Northern HUB is gaining significant potential traction , particularly around the Whabouchi and Moblan accessible region. And this augurs well for the in process Moblan expansion drill program where ALL the available spodumene in this regions has NOT yet been spoken for by any significant off-take arrangements.
So I'm surprised that this article was not picked up by Sayona Investors as being relevant. I've been sitting on it awhile now , but that's probably because I am an investor in Durango and have been ever since I mentioned them many months ago.
And it's obviously a Canadian stock so has no bearing here in Australia or to specifically cross promoting it. I am simply pointing out the relevance of the heightened activity in Sayona's Northern HUB which will indeed be
Anyhow . Here's the article which should complete and bring up to date our analysis of Activity in our Northern HUB region........
So my best assertions going forward is that even in the shock even that lithium prices were to drop or retrace substantially , the quest and activity to find more and more Spodumene will continue despite that unlikely event. And namely because there isn't enough and the price hasn't so far been the prevailing factor for the share price appreciation up to now.
Durango to Visit NMX East Lithium Property
Vancouver, BC / TheNewswire / February 2, 2022 – Durango Resources Inc.(TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF), (the “Company” or “Durango”) announces that it is preparing for a site visit on its wholly owned NMX East Property in Québec.
The Company is planning to visit the NMX East lithium property which neighbours Nemaska Lithium’s Whabouchi Deposit located approximately 33km east of the town of Nemaska in northern Québec. Durango’s NMX East property adjoins Nemaska Lithium’s eastern property perimeter, and the Durango claim border is less than 1.5km away from the Whabouchi mining pit.
Durango intends to launch a limited reconnaissance program in the coming month to test for the lithium bearing pegmatite occurrences below the surface. In 2016, Nemaska Lithium reported a newly discovered Doris zone extension located to the east (towards Durango’s property boundary) of the Whabouchi deposit. According to Nemaska Lithium, “the Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke.” Nemaska Lithium also stated that it was “prudent to consider the possible impact of its eastward continuance…” (see news release dated November 28, 2016).
To date, Durango has confirmed pegmatitic intrusions running parallel to Nemaska Lithium’s main zone and Doris discovery and Durango’s’ intrusion tested positive for lithium, cesium and rubidium as reported on September 21, 2016. The Company has engaged a crew to conduct backpack drilling to assess the pegmatite outcrops below the surface for lithium, cesium, tantalum and rubidium.
Marcy Kiesman, CEO stated, “Lithium-Cesium-Tantalum pegmatite intrusions are known to occur in dyke swarms which can go on for kilometres which is consistent with what has been seen to date in this region. Contracting a drill has been difficult this winter so we decided to begin with shallow backpack drilling to advance the property and de-risk the NMX East for future deeper drilling. We have easy, priority, at-surface targets to begin the exploration program with this winter which should give us a clear indication of what we can expect at depth.”
Recently ***** reported (Lithium, the 'white gold' is just getting started after 300% rally in 2021 - Bank of America | ***** News) that lithium, also known as “white gold” had a 300% rally in 2021, and that the demand is expected to rise for the foreseeable future.
The technical contents of this press release were approved by George Yordanov MSc., professional geologist, an independent qualified person as defined by National Instrument 43-101.
why haven't they been actively pursuing additional projects ?.........
( refer reasons already explained in previous posts )
And speaking of advanced projects , lets NOT forget that Moblan was and is still one of 4 of Quebec's most highly advanced projects from a Resources point of view , and that much in the same way as had Authier virtually ' Doubled ' and then ' Doubled ' again in its early resource definitions - so too would I expect Moblan to replicate the same sorts of outcomes.So back in 2008 , you can see that its ( Moblan's ) resource had more than doubled to what virtually represents 38.5% of what Whabouchi is already JORC'd at.An so a doubling from the current 14.250 MT and assuming the quality and strip ratios remain the same , this would put Moblan somewhere's around close to 80% the size of Whabouchi , and probably given the quality and accessibility to the Ore at depth and without underground mining , would might just launch Moblan into the premier most profitable Lithium project ....and the Top Lithium project in ALL of Quebec.Just needs this Massive drilling campaign to prove up the Lithium which I believe SOQUEM already knows where and how much exists.....
(20min delay)