Please read the following with great caution as I am by no means knowledgeable in the fields of geology, mining or battery production.
I received notification for the impetus for the new Cobalt - which according to Elon Musk, is Manganese. Apparently, Tesla is moving to a new battery technology using nickel 66% and Manganese 33% - no cobalt. https://themarketherald.com.au/battery-day-the-asx-stocks-energised-by-teslas-showcase-2020-09-26/?utm_medium=email&_hsmi=96085842&_hsenc=p2ANqtz-_c8j-PsToJYfjRySy3uYbSSPurgHj6lJ5idWyT57AsHsxDqEsWpIwTiab6GU9HyP4s6A-j89b0nVFX3FNoL5OjFtdc7Q&utm_content=96085842&utm_source=hs_email
One company mentioned and highlighted is Euro Manganese Inc (ASX: EMN) which is listed on the ASX and is a Canadian company, operating in the Czech Republic. This company rose 40% on the Musk news this week. From their website:
Over the 25-year life of the Chvaletice Manganese Project, Euro Manganese expects to produce 1.19 million tonnes of HPEMM, approximately two-thirds of which would be converted into HPMSM. The CMP HPMSM product is designed to contain no less than 99.9% manganese sulfate monohydrate (MSM), have a minimum of 32.34% manganese which exceeds the typical industry standard, will be sold in powder form, and will produced without the use of fluorine. "
So, apparently, Goongarrie has 773 million tonnes, with a probable average of .2% Manganese. On my calculation, that is 1.54 MT in Goongarrie alone. So, you folk who know what your talking about, are we also in the Manganese business?
Please DYOR
God bless,
BE
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