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Monday, April 26, 2010
Lithium and TNR Gold in Canaccord Junior Mining Weekly TNR.v, CZX.v, LMR.v, RM.v, ABN.v, WLC.v, LI.v, CLQ.v, SQM, FMC, ROC, HEV, AONE, AAPL, GOOG, F,
Posted by andre at 3:38 AM
"Iconic brands will deliver the message - Electric Cars are not Toys any more. Fisker Karma and AMG SLS eDrive will be among trendsetters and mass market in EV will follow. It will be Cool to be Green. Lithium Demand will be next to become a serious game in town."
Interesting note from Canaccord on Lithium and TNR Gold has been mentioned with International Lithium spin out - company gets onto the radar screens and results from announced exploration programs will drive performance of the new focused Lithium exploration and development play with properties in Argentina, Nevada, Canada and Ireland.
"Lithium market: Toyota, previously a detractor of lithium-ion battery technology, has
announced that it will launch a competitively priced Prius hybrid minivan in 2011
using lithium-ion batteries. The batteries will initially be produced in-house but will
shift to the new joint venture plant being constructed with Panasonic. Mitsubishi is
manufacturing the i-MiEV (Mitsubishi innovative Electric Vehicle), currently available
in Japan. Batteries are currently produced at the Kusatsu plant owned by the Lithium
Energy Japan (LEJ) joint venture between Mitsubishi and GS Yuasa in two lines
producing 600,000 cells per annum. GS Yatsua is installing a line at its Kyoto plant,
which is expected to be in production in December 2010 at 1 million cells per annum.
LEJ has now decided to build a new JPY37.5 billion (US$408 million) plant in Ritto,
Japan capable of producing 4.4 million cells per annum. By the end of 2012, the three
plants, with a capacity of 6 million cells per annum, should be able to supply the
lithium-ion batteries for 68,000 e-cars. Although now joined at the hip, Renault
(controlled by Nissan) and Daimler see the future in electrification but have
competing visions when comes to battery technology. Daimler will spend US$2.7
billion over the next two years in that space while Renault-Nissan has budgeted over
US$5.5 billion by 2011. Daimler is working in partnership with Evonik of Germany
and BYD of China, while Renault-Nissan is partnered with NEC of Japan, but both are
focused on lithium-ion battery chemistries.
Lithium equities in brief: On the lithium exploration front, Nemaska Exploration
(NMX : TSX-V : C$0.42 Not rated) continues to expand and demonstrate the
continuity of the wholly owned Whabouchi project in northern Québec. Highlight
intersections of recently released results from the current exploration program
include 92.1m grading 1.39% Li2O and 133 ppm Be and 77.8m grading 1.49% Li2O
and 170 ppm Be. Four new spodumene-bearing pegmatites have been discovered
within 10 to 50m south of the main zone. Consolidated Abaddon (ABN : TSX-V :
C$0.08 Not rated) is also part of the “lithium mine race” with its Raleigh Lake
lithium and rare earth element property in northwestern Ontario. The company has
just completed a seven-hole 1,464 metre drill program with a highlight hit of 9.0m
grading 1.30% Li2O and 0.18% rubidium. TNR Gold (TNR : TSX-V : C$0.27 Not
rated) is spinning out its lithium and rare earth projects into International Lithium Corp. (ILC). TNR shareholders will vote on the idea at a meeting set for 8 June 2010.
If approved, TNR shareholders will receive 0.25 of an ILC share and 0.25 warrants
of ILC for each TNR share held. Drilling has commenced on the Mariana lithium
brine project in Argentina, which TNR is not immediately putting into the ILC spinout, with a three-hole program. In Nevada, ILC has increased its land position to
5,285 ha and commenced geophysical surveying. Also in Nevada, Black Hawk
Exploration (BHWX : OTCBB : US$0.53 Not rated) returned weak results of up to
23.4 mg/L lithium in drill hole BMP-1 on the company’s Clayton Valley lithium
project. The hole returned an average of 20.2 mg/L over 128 metres."
announced that it will launch a competitively priced Prius hybrid minivan in 2011
using lithium-ion batteries. The batteries will initially be produced in-house but will
shift to the new joint venture plant being constructed with Panasonic. Mitsubishi is
manufacturing the i-MiEV (Mitsubishi innovative Electric Vehicle), currently available
in Japan. Batteries are currently produced at the Kusatsu plant owned by the Lithium
Energy Japan (LEJ) joint venture between Mitsubishi and GS Yuasa in two lines
producing 600,000 cells per annum. GS Yatsua is installing a line at its Kyoto plant,
which is expected to be in production in December 2010 at 1 million cells per annum.
LEJ has now decided to build a new JPY37.5 billion (US$408 million) plant in Ritto,
Japan capable of producing 4.4 million cells per annum. By the end of 2012, the three
plants, with a capacity of 6 million cells per annum, should be able to supply the
lithium-ion batteries for 68,000 e-cars. Although now joined at the hip, Renault
(controlled by Nissan) and Daimler see the future in electrification but have
competing visions when comes to battery technology. Daimler will spend US$2.7
billion over the next two years in that space while Renault-Nissan has budgeted over
US$5.5 billion by 2011. Daimler is working in partnership with Evonik of Germany
and BYD of China, while Renault-Nissan is partnered with NEC of Japan, but both are
focused on lithium-ion battery chemistries.
Lithium equities in brief: On the lithium exploration front, Nemaska Exploration
(NMX : TSX-V : C$0.42 Not rated) continues to expand and demonstrate the
continuity of the wholly owned Whabouchi project in northern Québec. Highlight
intersections of recently released results from the current exploration program
include 92.1m grading 1.39% Li2O and 133 ppm Be and 77.8m grading 1.49% Li2O
and 170 ppm Be. Four new spodumene-bearing pegmatites have been discovered
within 10 to 50m south of the main zone. Consolidated Abaddon (ABN : TSX-V :
C$0.08 Not rated) is also part of the “lithium mine race” with its Raleigh Lake
lithium and rare earth element property in northwestern Ontario. The company has
just completed a seven-hole 1,464 metre drill program with a highlight hit of 9.0m
grading 1.30% Li2O and 0.18% rubidium. TNR Gold (TNR : TSX-V : C$0.27 Not
rated) is spinning out its lithium and rare earth projects into International Lithium Corp. (ILC). TNR shareholders will vote on the idea at a meeting set for 8 June 2010.
If approved, TNR shareholders will receive 0.25 of an ILC share and 0.25 warrants
of ILC for each TNR share held. Drilling has commenced on the Mariana lithium
brine project in Argentina, which TNR is not immediately putting into the ILC spinout, with a three-hole program. In Nevada, ILC has increased its land position to
5,285 ha and commenced geophysical surveying. Also in Nevada, Black Hawk
Exploration (BHWX : OTCBB : US$0.53 Not rated) returned weak results of up to
23.4 mg/L lithium in drill hole BMP-1 on the company’s Clayton Valley lithium
project. The hole returned an average of 20.2 mg/L over 128 metres."
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