INF

4.00%

5.2¢ infinity lithium corporation limited

Not sure how you missed European Metals Holding (ASX:EMH) from...

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bombersmadd

4,089 Posts.

7166

17/04/21

21:32

Post #: 52541539

Originally posted by XCS: ↑
Man, calm down. He is saying that he predicts a change in ownership but that he says that it doesn't matter and that the permit will not be granted.

I think Infinity is probably trying to sell the project, that is what I interpret from all this.

About other Lithium projects in the EU. The EU is projecting a demand of 150kt of LCE by 2025 (from which Infinity was 15kt or 10% of the total). Infinity's project had one of the highest measured reserves in Europe, but you need to understand that this is mainly because there has not yet been enough exploration in the other projects, it is just starting. This is a table I made with the main projects in the EU as per today, some info might not be 100% updated but I think it is a good reference.

Company Project Reserves (MT) Resources (MT)
Production (MT)
Demand 2025

Measured Indicated Inferred Total Current Planned Date

Europe

3.860.000 10.670.000 23.670.000 28.920.000 67.120.000 0 106.112
150.000 71%
Portugal Savannah Resources Mina do Barroso 6.600.000 8.400.000 12.000.000 27.000.000 0 29.000

Spain Infinity Lithium San José 1.600.000

1.600.000 0 15.000 2025

Germany Vulcan
1.120.000
3.610.000 12.240.000 16.970.000 0 40.000 2025

Finland Keliber
1.140.000 1.210.000 8.260.000
10.610.000 0 12.112

Austria European Lithium Wolfsberg
2.860.000 3.400.000 4.680.000 10.940.000 0 10.000 2021

As you can see the potential reserves is quite high even if they are not yet categorized as reserves, the main bottleneck is production. Note that there are other resources that are not yet part of the project so are not listed here. There is also a small project already producing in Portugal but I could not find the specific information.

Just a final note, guys I am sorry to be the bearer of bad news but come on, don't kill the messenger... I don't gain anything out of this, I held Infinity shares and I was also excited about this project, I sold a couple weeks ago at a small loss. I am just trying to share the information with you, I thought this was the point of this forum.

Anyways, it could be that I am just all wrong and they find a solution, good luck to all.
Expand
Not sure how you missed European Metals Holding (ASX:EMH) from your list, based in Czechia ?

- Mineral Resources of 695Mt at 0.45% Li20 (#2 in the EU & #4 Globally)
- Ore Reserves of 34.5Mt at 0.65% Li20 (Further drilling on the way to upgrade inferred to indicated / measured)

Also, your numbers for Vulcan are WAYYYYYYYY too low. You have been confused converting between Li content of the liquid into an LCE comparable format for comparison with hard rock / mica Li20

INF Price at posting: 19.0¢ Sentiment: Sell Disclosure: Held

2 Upvote

0 Great analysis

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	Company	Project	Reserves (MT)	Resources (MT)				Production (MT)			Demand 2025
				Measured	Indicated	Inferred	Total	Current	Planned	Date
Europe			3.860.000	10.670.000	23.670.000	28.920.000	67.120.000	0	106.112		150.000	71%
Portugal	Savannah Resources	Mina do Barroso		6.600.000	8.400.000	12.000.000	27.000.000	0	29.000
Spain	Infinity Lithium	San José	1.600.000				1.600.000	0	15.000	2025
Germany	Vulcan		1.120.000		3.610.000	12.240.000	16.970.000	0	40.000	2025
Finland	Keliber		1.140.000	1.210.000	8.260.000		10.610.000	0	12.112
Austria	European Lithium	Wolfsberg		2.860.000	3.400.000	4.680.000	10.940.000	0	10.000	2021

Not sure how you missed European Metals Holding (ASX:EMH) from...

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Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

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