Wednesday 2 August 2023

TNR Gold Mariana Lithium Royalty Holding: "Ganfeng, and the Sustained Advance in Mariana and PPG"

We have more positive news for all TNR Gold shareholders about Ganfeng's progress at the Mariana Lithium Project coming from Salta, Argentina. Following the reports about the recent meeting of Governor Gustavo Sáenz with the Ganfeng Lithium Team, Adriana Bekerman (Vice President of Engineering and Operations of Ganfeng Lithium – Argentina) describes the recent developments at the Marina Lithium Project and highlights the opportunity that lithium represents for the economic and social growth of communities in Salta.

"We have important news for all TNR Gold shareholders and another confirmation about the ongoing progress at the Mariana Lithium Project coming from Argentina. Governor Gustavo Sáenz received President Li Liangbin and Vice President Wang Xiaoshen of the Ganfeng Lithium - "According to the Company's forecasts, Mariana will go into production next year".

We are building The Green Energy Metals Royalty and Gold Company. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

Kirill Klip, Executive Chairman TNR Gold Corp.

TNR Gold Shares Details Behind Latest Share Buy Back Program

"The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares. The Company has available cash from its sale of a portion of the Mariana Royalty sale and after repayment of outstanding debt. No insiders of the Company intend to participate in the Bid."

"For all TNR Gold shareholders, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1".

TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium. I consider my personal investment in TNR Gold, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century. 

Lithium Royalty Corp IPO Prospectus

We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.

On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!

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. 
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Panorama Minera:

Ganfeng, and the Sustained Advance in Mariana and PPG

"Adriana Bekerman (Vice President of Engineering and Operations of Ganfeng Lithium – Argentina) presents the news of Ganfeng's projects, highlighting the opportunity that lithium represents for the economic and social growth of communities.

By Mining Panorama

In Mariana, the filling of evaporation pools has already begun, what will the final product be and as well as the production capacity?

After an excellent job among all areas of the company, in December 2022 the filling of the evaporation pools began in the Mariana project.

This project is divided into two stages; The first stage is in the Llullaillaco salt flat where, through a conventional evaporation process and two industrial plants, a purified brine with a high lithium content will be obtained. The second stage will take place in the General Güemes Industrial Park, where battery-grade lithium chloride will be obtained. The capacity of the plant will be 20,000 T/year.

How much is Mariana's CAPEX, as well as the number of people employed?

The estimated CAPEX for Mariana is US$640 million. We currently have 244 people as direct employees and 1,100 indirect employees; We estimate that in the normal regime and operation of the project, direct personnel will be 86 employees in Güemes and 340 in Mariana.

In this sense, can a production start date be established?

Although various conditions and situations may affect the start of production, we estimate that we will begin to obtain the first tons of lithium chloride between September and October 2024.

What type of energy will be used in Mariana?

In the Mariana project, in the salt flat area, almost 100% of the energy will come from a solar park that is being installed.

This is a 120 MW park with backup batteries to be able to operate 24 hours a day.

On the other hand, what tasks have they developed in Pozuelos Pastos Grandes (PPG) after the purchase from Litica Resources?

Since the purchase of PPG, work has been done on different fronts. On the one hand, we are advancing with the Feasibility Study of 50,000 T/year of Lithium Carbonate.

We are also setting up the pilot plant that had been set up and we are obtaining a production of technical grade Lithium Carbonate. We hope to be able to increase this production soon.

Work continues on exploration to be able to update the resources and correctly define the pumping field for the process.

All the preliminary engineering studies such as topography, geotechnics, resistivity are also being developed to support the project.

Finally, we have begun to work with the basic and detailed engineering of the process in order to start the general engineering in the short term thinking of a prompt start of construction.

What plans do you have for PPG this year?

The plans for this year are to conclude all the preliminary studies and move forward with the renewal of the EIA (Environmental Impact Study). In addition, it is expected to make strong progress with the installation of the construction camp.

Also, a strong focus will be placed on advancing brine exploration and carrying out the corresponding hydrological balances.

Finally, emphasis will be placed on developing all the necessary engineering to begin construction of the evaporation pool system and purchase of equipment for industrial plants.

When working on different projects, what conclusions do you reach in terms of Human Resources Development, as well as suppliers?

In these years, as we progressed in our projects, we realized that one of the biggest problems is the lack of qualified personnel. Not only because of the projects that Ganfeng is carrying out, but also because of the great boom in mining projects in this area. Of course, this leads us to think in terms of society and the need to generate training and improvement opportunities.

The same goes for providers. In this area, there are few large suppliers that can meet the demands of such large projects. Supplying equipment and materials on time is quite a challenge. In addition, they also face the problem of a shortage of qualified personnel. 

As a company we must accompany the growth of the region by promoting the development of people so that they can fall off the cliff in different fields and positions. We must also promote the regional and national industry. But it is not only the company that must promote this but society as a whole, from government agencies to each person. It is a challenge and a collective need." (Google Translate)

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