News !

Thanks to @bipul016 who shared this with us yesterday:

March 2018:

http://www.metalstech.net/wp-content/uploads/2016/07/pd258-March18-mag-web-88.pdf

On iCobalt:

“We believe in the case of the company’s cobalt and lithium assets, the sum of the parts is actually greater than the whole, and shareholders will receive significantly more value through development of the two [commodities] through separate vehicles, each with focused management and dedicated funding,” Moran told Paydirt. “The share structure of the new cobalt venture is very tight and MetalsTech will retain its exposure as its largest shareholder.”

On Cancet:

MetalsTech’s decision to focus solely on lithium is also justified by exploration results returned from Cancet during 2017. Some of the better drill intercepts were 18m @ 3.71% lithium oxide from 8m, 21.5m @ 2.24% lithium oxide from 5m, 17m @ 2.06% lithium oxide from 6m and 15.9m @ 1.82% lithium oxide from 18m.

An exploration target of 15-25mt @ 1-2% lithium oxide and 100-250 ppm tantalum pentoxide has been estimated for Cancet, with the company to resume drilling mid-year following an extensive field mapping programme.

“We’ve had tremendous exploration success at Cancet to date,” Moran said. “Initially it was all about confirming a high-grade shallow deposit, which we have done, but now we’re firmly focused on extending strike and identifying areas to grow tonnage.”

On strategic investors:

"As excitement continues to build in the battery and electric vehicle industries, MetalsTech is looking to produce its own lithium chemicals and has started engaging with potential strategic partners to assist with this revised strategy.

“There is genuine panic amongst endusers and this has translated to a willingness by them to invest in earlystage projects in an effort to secure potential future supply,” Moran said.

“It is important to understand that lithium is not actually a rare commodity – there’s a lot of it – there just happens to not be enough production to keep up with the current rapid demand growth. This imbalance will change with time and by building our business around a beneficiated product model with strategic partners we will be able to maximise our success and insulate ourselves from a potential cooling of the market in later years.

“We’re seeking to bring in partners with the expertise to not only help us finance the production of spodumene concentrate, but also provide us with the technical expertise and funding to deliver a beneficiation strategy whereby we would essentially use our projects as a spodumene concentrate feed for a centralised lithium hydroxide and/or lithium carbonate facility.”

“It’s about striking a win-win deal with someone who wants to see a project developed just as much as you do.

“Strategic equity, as opposed to retail equity, promotes a tight, stable register where everyone is rowing the boat in the same direction.”

(Bolding / underlining is mine)

All personal opinion, dyor etc