Here are some extracts from the above mentioned thread:
Bit of a general summary on ASN:
- The Company plans to develop products for the battery sector (graphite & lithium)
- Top 8 shareholders own 68% of the shares on issue and the 3 Directors are in that top 8 and own a big chunk of the total (per last pres.)
- 148m shares on issue and 26m options (ASNOA)
A quick summary of the Company's Ajana Graphite Project which I was getting excited about until I looked more into their Lithium project:
More info:
- 100% owned
- 115km2
- 7-12mt @ 5-15% TGC Exploration Target for one of the prospects (Walcott Prospect)
- Calculating an Exploration Target at another prospect (Mary Springs Prospect)
- Samples returned up to 42.3% TGC
- Similar to Tanzanian Graphite deposits
- Produced Li-Ion Battery grade (99.97%) purified spherical graphite in Germany by ANZAPLAN
- Produced Graphene that meets market high end specs (all three exfoliation methods)
- MOU signed with China's Shanxi Jianbang Group Co Ltd for the commercialisation of ASN's graphite and graphene products
Onto the main course (Lithium):
Summary and comparison to Lithium peers with the current SP as well as at 5c and 10c:
From the above comparison, the best peer to compare ASN to is RMX as they’re both looking at brine lithium in the US. In saying that, I also hold RMX and believe that it is very undervalued when compared to the peers above.
Comparing ASN and RMX:
RMX potential:
ASN potential:
So RMX has maximum levels of 2.4 ppm lithium.
ASN has 1,700 ppm Lithium (up there with the best in the world - plus it has bucketloads of credits from Bromine, Boron, etc), although not on its tenements but only 800m away from its tenements.
The 1,700ppm reading is on a fault called Roberts Rupture which runs all the way through the ASN tenements and most of it is in the ASN tenements.
Here is a map showing the 1,700ppm Lithium well as well as the ASN tenements next to it and the Roberts Rupture fault (black line through the ASN tenements):
Comparing the 1,700ppm to the best/rest of the world (including the Silver Peak mine which is owned by “RMX’s $8.5B twin”) and some of the best brines from South America:
I found a technical report that provides pretty much all information required for the ASN tenements/geology in the area.
An extract of each page of the report with some amazing information is on the ASN threads.
Here is also an extract of a presentation put together by our JV partner – amazing numbers of US$901M revenue per annum, per well, based off production of 50,000 bpd which the brine aquifier has historically flowed to surface in the 1960s:
Should be one of the better Lithium plays if everything goes according to plan.
In the USA, not far from Tesla.
A “little bit” undervalued?
Cheers,
GB.
ps. Sorry for the long post and see the ASN threads for a lot more information and a lot longer post(s)
