TNR Gold NSR Royalty Holding On Mariana Lithium: Ganfeng's Litio Minera Argentina Reports About "Participatory Environmental Monitoring At Mariana Project"

Lithium prices are hitting a new all-time high of over $59,000/T LCE in China and Ganfeng Lithium is moving Mariana Lithium Project fast forward with their US$600 million investment plan for the approved "Phase 1" with 20,000 T of the annual production capacity of Lithium Chloride. 

Ganfeng Lithium has published on their LinkedIn page a new report from Mariana Lithium Project in Salta, Argentina: "Participatory Environmental Monitoring at Mariana Project". 

Ganfeng emphasises one more time their commitments to Beautiful Argentina, its proud people and very stringent ESG standards. "Ganfeng will extract resources in the most environmentally friendly way and create more local jobs," - as Wang Xiaoshen, Vice Chairman of Ganfeng Lithium, stated numerous times. 

"Environmental monitoring has been carried out satisfactorily at Mariana for more than 10 years and LMA will continue to work so that this process is participatory, involving not only the enforcement authority but also the community, thus demonstrating the commitment and transparency of our company in all its environmental protection activities. (Ganfeng Lithium)

Now we can dive into more latest information about the progress at the Mariana Lithium Project and what kind of deals are happening in our Lithium Royalties UniVerse today. Investors are getting FOMO bug ignited by the Lithium price rally going into Tesla's "ludicrous mode", as Bloomberg has called it.

TNR Gold is plugged into Tesla Energy rEVolution with our NSR Royalty Holdings on the giant Mariana Lithium Project with Ganfeng Lithium and Los Azules Copper, Gold and Silver Project with McEwen Mining. 

A recent news release by Trident Royalties on the Sonora Lithium royalty deal is talking about calculating potential royalty cash flow using "Lithium spot price of US$55,000 per T of LCE in China".

"At the current lithium carbonate equivalent ("LCE") spot price of approx. US$55,000 per tonne, following completion, royalty revenue attributable to Trident..." (Trident Royalties)

With this kind of numbers, some analysts in our industry may start calculating potential future NSR Royalty cash flows for TNR Gold from Mariana Lithium Project closer to US$10 million per year rather than US$5 million, even after Ganfeng will execute its buyback right for 1% of NSR.

"TNR retains a 2.0% NSR Royalty on the entire Mariana Lithium Project in Argentina with Ganfeng Lithium, (TNR holds a 0.2% NSR on behalf of a shareholder). Ganfeng’s subsidiary, Litio Minera Argentina, has a right to repurchase 1.0% of the NSR Royalty on the Mariana Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced by Ganfeng Lithium International Co. Ltd.

 

Mariana Lithium Project** measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.

(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)"   

 

On the links below you can find more information about TNR Gold, our assets and learn more about the lithium market. As usual, make your own research, stay safe and prosper. Join rEVolution!

Ganfeng Lithium


Participatory Environmental Monitoring at Mariana Project

"During the last quarter of 2021, LMA S.A. conducted participatory environmental monitoring in its Mariana Project to comply with the Environmental Management Plan of the Project's Environmental Impact Report and the Environmental Impact Declaration (DIA).

Environmental monitoring is carried out every six months in the surroundings of the Salar de Llullaillaco and areas of direct influence to assess the evolution or dynamic behavior of the environment at different times of the year and throughout the life of the project.

During the latest monitoring activity, representatives of the Tolar Grande community and the Salta Mining Office were invited. They participated in the entire monitoring process.

Monitoring actions were carried out by personnel from our environmental consultant, specialized in each environmental aspect surveyed: vegetation, fauna, limnology, air quality, noise, soil, and water. A brochure with information about each activity was delivered, and field measurements, analyses, and sampling were carried out at each spot of Llullaillaco's salt flat, which is the area of direct influence to the Mariana Project.

The results were positive and will be shared with the community in the upcoming months.

Environmental monitoring has been carried out satisfactorily at Mariana for more than 10 years and LMA will continue to work so that this process is participatory, involving not only the enforcement authority but also the community, thus demonstrating the commitment and transparency of our company in all its environmental protection activities." (Ganfeng Lithium, LinkedIn)

Kirill Klip GEM Royalty TNR Gold Lithium Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

TNR Gold Mariana Lithium NSR Royalty Holding: "Ganfeng Is About To Start Work On Plants Planned For The Salar Del Llullaillaco And The Gemes Industrial Park. It Will Invest Close To US$600 Million".

TNR Gold Royalty Holding Update: ILC Reports Ganfeng Subsidiary Litio Minera Argentina Assumes All Rights And Obligations In Respect Of Mariana Lithium.

Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news regarding Ganfeng Lithium, our NSR Royalty holding and advance of the Mariana Lithium Project to construction. I am also very pleased to see that this deal between ILC and Ganfeng Lithium included confirmation that Ganfeng’s subsidiary, Litio Minera Argentina, assumes all rights and obligations that ILC had in respect of the Mariana Lithium Project, including in respect to TNR Gold NSR Royalty Holding. Ganfeng Lithium has now consolidated 100% of the Mariana Lithium Project and advanced it to the construction stage. 

This news comes after a 55% increase in the measured and indicated resource estimate from the previously announced 2020 increase of more than 250% in measured and indicated resources at the Mariana Lithium Project. We extend our congratulations to Ganfeng and salute the people of Argentina on the celebration of ‘Pachamama’ – the ritual that thanks the earth for all that we receive from it. This ritual was performed at Mariana Lithium in September after successful approval of the Environmental Impact Report by the Salta regional government in Argentina and approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

We are very pleased to see that this new plan represents a 100% increase of the previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project and provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased. We welcome the news from the Salta regional government, following its discussions with Ganfeng, that the likely project expenditure to bring the Mariana Project to full production is approximately US$600 million.

TNR does not have to contribute any capital for the development of the Mariana Project. The 2.0% Mariana NSR Royalty on the Mariana Project with Ganfeng Lithium is a very important part of TNR Gold’s portfolio, (TNR holds a 0.2% NSR on behalf of a shareholder). The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”