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DKO dakota minerals limited

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Lithium in the Glass and Ceramic industry, page-7

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Danzas

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30/05/17

13:31

Post #: 24991008
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Originally posted by maxi1981 ↑

Why do I post these things?

I read the interview with David Frances again...

http://www.miningnews.net/energy-mi...der-interviews/new-look-for-cashed-up-dakota/

I really liked these parts of it...

"The beauty of our project as well as opposed to the spodumene guys is we’re producing a petalite concentrate.

“Petalite in Europe is a premium product for the glass and ceramics industry.

“We’ve got the ability to stage our development and we can start producing petatlite concentrate – and the reason they like it is because it’s extremely low in impurities whereas spodumene tends to be much higher in iron and other impurities which the high-tech glass guys just will not take.”

The initial stage, targeted for late 2018, early 2019, would pave the way for a second stage to produce lithium carbonate.

“For us to be able to produce a petalite concentrate into Europe is something we are focused on absolutely and to be able to get that up and running first, and to be able to generate cash from that to help us fund the second part of the business, which is still pretty ambitious timeframes, but we think that’s definitely the way to go,” Frances said.

“Not many people have the ability to do that, in fact there’s only one other company in the world that can do it at the moment, so that’s a pretty small providers, but a reasonable sized market.”

Dakota is already in advanced discussions with potential customers, and has even been approached by Asian groups.

“We’re very lucky we’ve got Dudley Kingsnorth on the board, who has been selling lithium concentrate for 30 years basically,” Frances said.

“He was the guy that took Greenbushes from 2% of the market to 19% of the market.

“He knows all the glass and ceramics guys and we’ve been able to get in and talk directly to them, because of Dudley. He’s been instrumental for us in getting access to all of these glass and ceramics and physical offtake guys.”

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Maxi, I can't thank you enough! All your research has me feeling a renewed sense of excitement for DKO... they'll hopefully have a scoping study to talk through on the 9th of June 2017 in Zurich, or if not they'll have a great presentation for the day... There's been a lot of work going on for DKO and not a lot of movement in the SP. I've kept DKO in the bottom draw for ages because a few months ago the posts for few and far between with a lot of pessimism.

Cheers for all your posts!

DKO Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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Lithium in the Glass and Ceramic industry, page-7

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