Coffee with Samso Episode 126
This story from Alex Biggs, Managing Director of Critical Resources Ltd (ASX: CRR) is gathering momentum for Critical Resources Limited in the Lithium and Zinc space.
Alex gives us a rundown on the 2022 path for the company with Mavis Lake Lithium project, the Halls Peak Base Metal project and the new acquisition of Plaid and Whiteloon Lake Lithium projects.
When I first looked at Critical Resources Limited, I was interested in the Halls Peak project and this story is now at the cusp of drilling for lithium in Canada. As we all know, lithium is the magic word, and with the onset of a world of No Emission and electrification of power, this is going to be a space that will continue to grow.
One of the major factors that will affect demand is the jurisdiction of projects. What that means is that the ESG factor is not only going to play a role but a major one in determining the demand for your product.
Chapters
00:00 Start
00:15 Introduction
00:54 Alex Biggs update
01:39 Halls Peak
05:03 Potential of Halls Peak.
07:18 The New England Fold Belt is Prospective.
07:57 What's the money market telling you?
10:02 What's the time frame on drilling in Canada?
11:29 Taking a big tenement area in Canada.
13:17 Realisation that the demand for Lithium batteries is bigger than first thought.
15:07 Key driver of future Critical metals demand is the emergence of EV and ESG.
17:04 The role of Jurisdiction.
18:02 Decoupling of world from reliance on China and the market expectations on confidence in 2022.
19:23 Consistent flow of news is key.
20:50 What is the news flow for the next 12 months?
23:05 Conclusion
PODCAST
About Alex Biggs
Managing Director
Alex Biggs is a qualified Mining Engineer, educated at the Western Australian School of Mines. He has experience in operations, consulting and finance with a focus on feasibility studies, financial modelling, project evaluation and project management. He also has experience in capital raising, both equity and debt as well as deal structuring and significant commercial expertise.
Alex has a strong focus on underground and open-pit hard rock mining in multiple commodities. He has held various positions at companies including Venturex Resources, Palisade Capital Corporation, Barrick Gold as well as Principal positions in consultancy and advisory capacities.
Alex joins Critical Resources as Chief Executive Officer to further the company’s assets and build a strong, sustainable future for the company and its shareholders.
About Critical Resources Limited (ASX: CRR)
Critical Resources Limited is a base metals exploration and development focused company headquartered in Perth, Western Australia and is listed on the Australian Securities Exchange (ASX: CRR).
The Company has the Halls Peak Base Metal Project in NSW and has recently acquired the Mavis Lake Lithium Project in Canada.
Mavis Lake Lithium Project
The Mavis Lake Lithium Project is 19 kilometres east of the town of Dryden, Ontario. The Project is in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.
The region boasts excellent infrastructure with hydro-power located a few kilometres to the southwest of the project. The region is a well-established lithium province with multiple projects located within the vicinity.
Previous drill programs have yielded high-grade Li2O intercepts including 55.25m at 1.04% Li2O from 80.75m in drill hole MF18-531,4 and 26.30m at 1.70% Li2O from 111.9m inc. 7.70m at 2.97% Li2O from 130.5m in drill hole MF17‐491,3 presenting significant exploration potential.
Latest ASX Announcements - Lithium Project Acquisition
Disclaimer
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
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