Killexams.com 303-200 dump comprises of 303-200 real questions in PDF record configuration and VCE test system in Installable programming. Both of the 303-200 VCE and PDF Braindumps are completely refreshed before it opens up in your download area. Set aside your time and cash, simply register and download.
Exam Code: 303-200 Practice exam 2022 by Killexams.com team 303-200 LPIC-3 exam 303: Security, version 2.0 - 2022
Exam Title :
Exam ID :
Exam Duration :
Questions in exam :
Passing Score :
500 / 800
Exam Center :
Real Questions :
LPI LPIC-3 Real Questions
VCE practice questions :
LPI 303-200 Certification VCE Practice Test
Topic 325: Cryptography
325.1 X.509 Certificates and Public Key Infrastructures
Description: Candidates should understand X.509 certificates and public key infrastructures. They should know how to configure and use OpenSSL to implement certification authorities and issue SSL certificates for various purposes.
Key Knowledge Areas:
- Understand X.509 certificates, X.509 certificate lifecycle, X.509 certificate fields and X.509v3 certificate extensions
- Understand trust chains and public key infrastructures
- Generate and manage public and private keys
- Create, operate and secure a certification authority
- Request, sign and manage server and client certificates
- Revoke certificates and certification authorities
The following is a partial list of the used files, terms and utilities:
- openssl, including relevant subcommands
- OpenSSL configuration
- PEM, DER, PKCS
325.2 X.509 Certificates for Encryption, Signing and Authentication
Description: Candidates should know how to use X.509 certificates for both server and client authentication. Candidates should be able to implement user and server authentication for Apache HTTPD. The version of Apache HTTPD covered is 2.4 or higher.
Key Knowledge Areas:
- Understand SSL, TLS and protocol versions
- Understand common transport layer security threats, for example Man-in-the-Middle
- Configure Apache HTTPD with mod_ssl to provide HTTPS service, including SNI and HSTS
- Configure Apache HTTPD with mod_ssl to authenticate users using certificates
- Configure Apache HTTPD with mod_ssl to provide OCSP stapling
- Use OpenSSL for SSL/TLS client and server tests
Terms and Utilities:
- Intermediate certification authorities
- Cipher configuration (no cipher-specific knowledge)
325.3 Encrypted File Systems
Description: Candidates should be able to setup and configure encrypted file systems.
Key Knowledge Areas:
- Understand block device and file system encryption
- Use dm-crypt with LUKS to encrypt block devices
- Use eCryptfs to encrypt file systems, including home directories
- PAM integration
- Be aware of plain dm-crypt and EncFS
Terms and Utilities:
- ecryptfs-* commands
- mount.ecryptfs, umount.ecryptfs
325.4 DNS and Cryptography
Description: Candidates should have experience and knowledge of cryptography in the context of DNS and its implementation using BIND. The version of BIND covered is 9.7 or higher.
Key Knowledge Areas:
- Understanding of DNSSEC and DANE
- Configure and troubleshoot BIND as an authoritative name server serving DNSSEC secured zones
- Configure BIND as an recursive name server that performs DNSSEC validation on behalf of its clients
- Key Signing Key, Zone Signing Key, Key Tag
- Key generation, key storage, key management and key rollover
- Maintenance and re-signing of zones
- Use DANE to publish X.509 certificate information in DNS
- Use TSIG for secure communication with BIND
Terms and Utilities:
- DNS, EDNS, Zones, Resource Records
- DNS resource records: DS, DNSKEY, RRSIG, NSEC, NSEC3, NSEC3PARAM, TLSA
- DO-Bit, AD-Bit
Topic 326: Host Security
326.1 Host Hardening
Description: Candidates should be able to secure computers running Linux against common threats. This includes kernel and software configuration.
Key Knowledge Areas:
- Configure BIOS and boot loader (GRUB 2) security
- Disable useless software and services
- Use sysctl for security related kernel configuration, particularly ASLR, Exec-Shield and IP / ICMP configuration
- Exec-Shield and IP / ICMP configuration
- Limit resource usage
- Work with chroot environments
- Drop unnecessary capabilities
- Be aware of the security advantages of virtualization
Terms and Utilities:
- chkconfig, systemctl
326.2 Host Intrusion Detection
Description: Candidates should be familiar with the use and configuration of common host intrusion detection software. This includes updates and maintenance as well as automated host scans.
Key Knowledge Areas:
- Use and configure the Linux Audit system
- Use chkrootkit
- Use and configure rkhunter, including updates
- Use Linux Malware Detect
- Automate host scans using cron
- Configure and use AIDE, including rule management
- Be aware of OpenSCAP
Terms and Utilities:
- ausearch, aureport
326.3 User Management and Authentication
Description: Candidates should be familiar with management and authentication of user accounts. This includes configuration and use of NSS, PAM, SSSD and Kerberos for both local and remote directories and authentication mechanisms as well as enforcing a password policy.
Key Knowledge Areas:
- Understand and configure NSS
- Understand and configure PAM
- Enforce password complexity policies and periodic password changes
- Lock accounts automatically after failed login attempts
- Configure and use SSSD
- Configure NSS and PAM for use with SSSD
- Configure SSSD authentication against Active Directory, IPA, LDAP, Kerberos and local domains
- Kerberos and local domains
- Obtain and manage Kerberos tickets
Terms and Utilities:
- pam_tally.so, pam_tally2.so
- sss_* commands
- kinit, klist, kdestroy
326.4 FreeIPA Installation and Samba Integration
Description: Candidates should be familiar with FreeIPA v4.x. This includes installation and maintenance of a server instance with a FreeIPA domain as well as integration of FreeIPA with Active Directory.
Key Knowledge Areas:
- Understand FreeIPA, including its architecture and components
- Understand system and configuration prerequisites for installing FreeIPA
- Install and manage a FreeIPA server and domain
- Understand and configure Active Directory replication and Kerberos cross-realm trusts
- Be aware of sudo, autofs, SSH and SELinux integration in FreeIPA
Terms and Utilities:
- 389 Directory Server, MIT Kerberos, Dogtag Certificate System, NTP, DNS, SSSD, certmonger
- ipa, including relevant subcommands
- ipa-server-install, ipa-client-install, ipa-replica-install
- ipa-replica-prepare, ipa-replica-manage
Topic 327: Access Control
327.1 Discretionary Access Control
Description: Candidates are required to understand Discretionary Access Control and know how to implement it using Access Control Lists. Additionally, candidates are required to understand and know how to use Extended Attributes.
Key Knowledge Areas:
- Understand and manage file ownership and permissions, including SUID and SGID
- Understand and manage access control lists
- Understand and manage extended attributes and attribute classes
Terms and Utilities:
327.2 Mandatory Access Control
Description: Candidates should be familiar with Mandatory Access Control systems for Linux. Specifically, candidates should have a thorough knowledge of SELinux. Also, candidates should be aware of other Mandatory Access Control systems for Linux. This includes major features of these systems but not configuration and use.
Key Knowledge Areas:
- Understand the concepts of TE, RBAC, MAC and DAC
- Configure, manage and use SELinux
- Be aware of AppArmor and Smack
Terms and Utilities:
- getenforce, setenforce, selinuxenabled
- getsebool, setsebool, togglesebool
- fixfiles, restorecon, setfiles
- newrole, runcon
- sestatus, seinfo
- seaudit, seaudit-report, audit2why, audit2allow
327.3 Network File Systems
Description: Candidates should have experience and knowledge of security issues in use and configuration of NFSv4 clients and servers as well as CIFS client services. Earlier versions of NFS are not required knowledge.
Key Knowledge Areas:
- Understand NFSv4 security issues and improvements
- Configure NFSv4 server and clients
- Understand and configure NFSv4 authentication mechanisms (LIPKEY, SPKM, Kerberos)
- Understand and use NFSv4 pseudo file system
- Understand and use NFSv4 ACLs
- Configure CIFS clients
- Understand and use CIFS Unix Extensions
- Understand and configure CIFS security modes (NTLM, Kerberos)
- Understand and manage mapping and handling of CIFS ACLs and SIDs in a Linux system
Terms and Utilities:
- mount.cifs parameters related to ownership, permissions and security modes
- getcifsacl, setcifsacl
Topic 328: Network Security
328.1 Network Hardening
Description: Candidates should be able to secure networks against common threats. This includes verification of the effectiveness of security measures.
Key Knowledge Areas:
- Configure FreeRADIUS to authenticate network nodes
- Use nmap to scan networks and hosts, including different scan methods
- Use Wireshark to analyze network traffic, including filters and statistics
- Identify and deal with rogue router advertisements and DHCP messages
Terms and Utilities:
- radtest, radclient
- radlast, radwho
328.2 Network Intrusion Detection
Description: Candidates should be familiar with the use and configuration of network security scanning, network monitoring and network intrusion detection software. This includes updating and maintaining the security scanners.
Key Knowledge Areas:
- Implement bandwidth usage monitoring
- Configure and use Snort, including rule management
- Configure and use OpenVAS, including NASL
Terms and Utilities:
- openvas-adduser, openvas-rmuser
328.3 Packet Filtering
Description: Candidates should be familiar with the use and configuration of packet filters. This includes netfilter, iptables and ip6tables as well as basic knowledge of nftables, nft and ebtables.
Key Knowledge Areas:
- Understand common firewall architectures, including DMZ
- Understand and use netfilter, iptables and ip6tables, including standard modules, tests and targets
- Implement packet filtering for both IPv4 and IPv6
- Implement connection tracking and network address translation
- Define IP sets and use them in netfilter rules
- Have basic knowledge of nftables and nft
- Have basic knowledge of ebtables
- Be aware of conntrackd
Terms and Utilities:
- iptables-save, iptables-restore
- ip6tables-save, ip6tables-restore
328.4 Virtual Private Networks
Description: Candidates should be familiar with the use of OpenVPN and IPsec.
Key Knowledge Areas:
- Configure and operate OpenVPN server and clients for both bridged and routed VPN networks
- Configure and operate IPsec server and clients for routed VPN networks using IPsec-Tools / racoon
- Awareness of L2TP
Terms and Utilities:
- openvpn server and client
- /etc/racoon/racoon.conf LPIC-3 exam 303: Security, version 2.0 - 2022 LPI Security, resources Killexams : LPI Security, resources - BingNews
Search resultsKillexams : LPI Security, resources - BingNews
https://killexams.com/exam_list/LPIKillexams : Businesses incur billions in demurrage as Customs processes drag
Businesses in Nigeria that depend on imports for production inputs are losing billions of naira yearly to demurrage charges paid to international shipping companies for delays in taking delivery of imports from the ports, industry stakeholders told BusinessDay.
Demurrage charges, which could be avoided, accrue on imported containerised goods due to Customs cargo inspection and clearing processes that make containers to dwell longer at the port.
A exact study by the Nigerian Shippers’ Council (NSC), the port economic regulator, revealed that in Nigeria, it takes an average of 20 days for a ship to turn around and 21 days for importers to get their containers out of the port.
BusinessDay gathered that in the neighbouring Benin Republic, ships visiting the Port of Cotonou discharge containers in two days, and a container is cleared in seven days, with only three or four documents to fill.
In Nigeria, containers dwell for 21 days and importers of containerised goods get five demurrage-free days from the day the vessel berths, after which the demurrage starts to count.
After the fifth day, the cargo owner would be expected to pay the shipping company for withholding the container at the end of the demurrage-free days.
Hassan Bello, the immediate past executive secretary of NSC, said importers paid over N50 billion worth of demurrage in 2020, describing the payment of demurrage as a sign of inefficiency and lack of competition among service providers.
According to him, Nigeria ought to have a contactless port that is digital and technology-driven.
Bello said that automating port processes would not only minimise the amount of time ships spend at the port by improving turnaround time but would also reduce the number of days containers spend at the port.
Citing an example, Bello said that the Port of Singapore does not have dwell time for cargo as containers exit as soon as they come.
On the way forward, he stressed the need to automate port processes to become digital and electronic-driven to cut down on the payment of demurrage in Nigerian ports.
“Nigerian ports need cargo inspection infrastructure such as electronic scanners, which have the capacity to examine containers in five minutes rather than physical examination that takes five hours,” he added.
Afolabi Olowookere, managing director/CEO of Analysts’ Data Services and Resources, said high bureaucratic clearing process, multiple agencies at the port, and poor logistics infrastructure had put Nigerian port among the most expensive ports to do business in.
He said there was a need to create a single window for cargo inspection and eliminate human contact at the port.
According to him, the consignee would not need to move individually to Customs, Standards Organisation of Nigeria, Quarantine, and the National Agency for Food and Drug Administration and Control to undergo the same process if there is a single interface for all the agencies responsible for cargo inspection at the port.
Citing an example with the World Bank Logistics Performance Index (LPI) used to measure the efficiency of Customs clearance process, he said Nigerian ports lagged behind its West African peers due to manual processes and bureaucratic bottlenecks.
The latest World Bank LPI ranking, he said, shows that Nigeria ranked at 1.97, Ghana at 2.57, Togo at 2.45, South Africa at 3.38, Egypt at 2.82, the Republic of Benin at 2.75, and Cameroon at 2.6.
According to Olowookere, Nigerian ports can only compete favourably with peers if the cargo inspections processes are automated, bureaucratic bottlenecks are removed, and more infrastructures are built.
“Nigeria needs to leverage technology to Excellerate efficiency and the ease of doing business. Allow inland waterways to serve as an alternative mode of transportation that is cheaper and can decongest the seaports,” he added.
Using the Eastern ports as an example, Isreal Oyina, president of Shipping Trade Practitioners Association of Nigeria, Rivers Port Chapter, said lack of joint boarding of vessels by all government agencies at the port delayed ship turnaround.
According to Oyina, the cost of doing business in Rivers Port is very high as charterers are compelled to pay demurrage and freight at risk due to the security concern along the channel.
“It takes up to 5 hours to clear vessels at Rivers Port, which goes a long way to affect the turnaround time of the vessel. It also takes about 14 to 21 days to turnaround the vessel, which results in the payment of demurrage to the shipping companies as some ships take about $30,000 per day as maintenance cost, which must be catered for,” he added.
Tue, 09 Aug 2022 15:08:00 -0500Amaka Anagoren-UStext/htmlhttps://businessday.ng/big-read/article/businesses-incur-billions-in-demurrage-as-customs-processes-drag/Killexams : LPS to pay $600K for school resource officers this school year
When Lincoln Northwest opens next week, expanding the number of public high schools in the Capital City to seven, the number of school resource officers working in Lincoln Public Schools will also grow.
On Tuesday, the Lincoln Board of Education got its first look at the district's interlocal agreement with the city of Lincoln to pay $602,595 for 13 school resource officers at the district’s middle and high schools.
The agreement also provides LPS with a threat-assessment officer for the period between Sept. 1 and Aug. 31, 2023.
General fund dollars go toward paying for the officers from the Lincoln Police Department who are assigned to work in schools. This year’s agreement is 4.95% higher than last year’s, coming in just less than the 5% annual growth cap that was set out in the original agreement.
Board of Education member Lanny Boswell said the proposal to add a resource officer has been in the works since planning for the new high school began.
People are also reading…
"Over the last two years, there's been a lot of work done to make sure that fits in the budget and provide that same level of security in all of our high schools," Boswell said.
Continuing to expand the number of school resource officers as LPS continues to grow is important, board member Kathy Danek added.
"Keeping this moving forward with the school resource officer contract is important to the families in our community," she said, adding that an additional officer is planned to start in the 2023-24 school year when Standing Bear High School opens.
The interlocal agreement between the city and LPS, called Safe and Successful Kids, was created in 2018 in the aftermath of a mass shooting that killed 17 people in Parkland, Florida.
School resource officers had been present in the halls of Lincoln's public high schools for years, but the agreement added six new officers to cover the district's 12 middle schools.
The LPS board is expected to deliver final approval to the proposal at its Aug. 23 meeting.
Breaking down Lincoln's public schools: Enrollment, test scores and more
Get our local education coverage delivered directly to your inbox.
Tue, 09 Aug 2022 13:00:00 -0500entext/htmlhttps://journalstar.com/news/local/education/lps-to-pay-600k-for-school-resource-officers-this-school-year/article_8108310c-af23-5fe6-892f-392f968ea5fa.htmlKillexams : Lithium Junior Miners News For The Month Of July 2022
Welcome to the July 2022 edition of the "junior" lithium miner news. We have categorized those lithium miners that won't likely be in production before 2023 as the juniors. Investors are reminded that many of the lithium juniors will most likely be needed in the mid and late 2020's to supply the booming electric vehicle [EV] and energy storage markets. This means investing in these companies requires a higher risk tolerance and a longer time frame.
July saw a superb month of news for the lithium sector and the lithium juniors. The news of car manufacturer Ford (F) supporting (A$300m loan) a lithium junior so as to secure lithium off-take was the big news this past month. It was also a huge wake up call to the rest of the EV OEMs and battery/cathode/anode manufacturers that do not yet have security of EV metals supply.
Lithium price news
Asian Metal reported during the past 30 days, 99.5% China lithium carbonate spot prices were up not updated (up 4.58% the past 60 days) and China lithium hydroxide prices were not updated. Lithium Iron Phosphate (Li 3.9% min) prices were up 1.32%. Spodumene (6% min) prices were up 2.91% over the past 30 days.
Benchmark Mineral Intelligence ("BMI") as of late June reported China lithium carbonate prices of RMB 469,000 (US$69,875) (battery grade), and for lithium hydroxide RMB 472,500 (US$70,400).
Metal.com reported lithium spodumene concentrate (6%, CIF China) price of CNY 33,761 (~USD 4,996/mt), as of July 22, 2022.
China Lithium carbonate spot price - CNY 475,500 (~USD 70,373)
For a summary of the latest lithium market news and the "major" lithium company's news, investors can read: "Lithium Miners News For The Month Of July 2022" article. Highlights include:
BMI: The energy storage revolution has arrived. Lithium-ion battery cell capacity to grow at a CAGR of 47% to 2032.
Gotion High Tech signs lithium plant deal in Argentina with JEMSE.
G7 launches $600 billion global infrastructure investment plan including battery spend.
CATL’s new battery 'Qilin 3.0' is a leap forward but also a precursor of something radical to come. Qilin capable of a range of 1,000 km (620 mile).
FREYR Battery sanctions construction of its inaugural Gigafactory.
Morningstar: Lithium stocks a bright spot in basic materials. Morningstar forecasts lithium selling at $70,000 per metric ton in 2023 and averaging in the mid-$30,000 range over the decade.
SQM says the market will need new supplies of 200-300,000 tpa of lithium pa, equal to roughly 8 to 10 new projects coming on stream every year.
Volkswagen began construction of its first global battery plant at Salzgitter, Germany; launched a new battery business that will expand across Europe and into North America, as part of a plan to produce its own batteries.
Panasonic picks Kansas for new $4B electric vehicle battery factory. Tesla lays down 2 TWh battery challenge to Panasonic.
Trudeau announces deal with Umicore to build $1.5B cathode materials plant in Ontario, will be the first industrial-scale manufacturing plant of its kind in North America.
US says it will back miners to stop China's weaponization of battery metals.
Ernst, Manchin Seek to End U.S. dependence on China for defense materials.
Fastmarkets' William Adams: Lithium prices have yet to peak, but expect surprises.
Rio Tinto on the hunt for more lithium assets.
Musk says lithium refining a 'license to print money,' stock investors jump in.
On June 27, Sayona Mining announced: "New lithium discoveries strengthen Moblan potential." Highlights include:
"Multiple new spodumene pegmatites identified at Moblan South, South East Extension, Moleonand extensions to the Main Moblan lithium deposit at Sayona’s Moblan Lithium Project, Québec.
These new discoveries provide the means to significantly increase the resource base of Sayona inNorth America.
Exciting new and distinct Moblan South Discovery open in all directions located 200m south of themain Moblan deposit.
Highlights include 23.4m @ 1.69% Li2O from 17.6m and 27.1m @ 1.5% Li2O from 53.1m (MoblanSouth) and 32.1m @ 2% Li2O from 94.1m (Main Moblan dyke) and 23m @ 1.79% Li2O from 34.7m(Moblan East).
Drilling continuing, with 20,000m drilling campaign underway as Sayona continues to build onpotential of the new Northern Lithium Hub, strengthening its leading lithium (spodumene)resource base in North America."
On June 28, Sayona Mining announced: "Sayona and Piedmont formally approve NAL restart." Highlights include:
"Sayona Québec Inc. formally approve restart of North American Lithium (NAL) operation, withbudget of approx. C$98 million.
NAL on track for resumption of spodumene concentrate production in first quarter 2023, becomingthe first North American local provider of lithium concentrates.
Sayona and Piedmont evaluating options for downstream processing in Québec, in order to capturefurther value in the fast‐growing EV and battery sector."
Investors can read the Company presentation here, and a Trend Investing CEO interview here.
Note: North American Lithium [NAL] is owned 75% Sayona Mining: 25% Piedmont Lithium.
Upcoming catalysts include:
2022 - Authier permitting. Possible project financing and off-take.
Piedmont Lithium and Sayona Mining formalize restart plans for North American Lithium in Quebec... The NAL restart project will be entirely funded from pro-rata cash contributions by Sayona and Piedmont, with each party having completed significant capital raises in the first half of 2022.
On July 6, Piedmont Lithium reported: "Piedmont Lithium added to Russell 2000® Index."
Upcoming catalysts include:
2022 - Carolina Lithium - Possible further off-take, permitting or project funding announcements.
Q1 2023 - NAL (25% Piedmont Lithium) production set to begin.
You can view the company's latest presentation here.
Liontown Resources 100% own the Kathleen Valley Lithium spodumene project in Western Australia. DFS completed in November 2021.
On June 29, Liontown Resources announced: "Liontown executes Binding Offtake Agreement with Ford." Highlights include:
"Liontown and Ford have executed a definitive binding full-form offtake agreement (Offtake Agreement), the third and final foundational offtake required to underpin development of Liontown’s Kathleen Valley Lithium Project (Kathleen Valley or the Project).
The Offtake Agreement for the supply of up to 150,000 dry metric tonnes (DMT) per annum will have an initial term of 5 years from the commencement of commercial production (expected in 2024).
Ford and Liontown have also executed a binding full-form funding facility agreement (Funding Facility) with respect to a A$300 million debt facility to be used for the Project’s development.
This Funding Facility, together with the proceeds from Liontown’s A$463 million capital raise in December 2021, paves the way for a Final Investment Decision for the Project."
On June 29, Liontown Resources announced: "Liontown Board approves development of Kathleen Valley Lithium Project." Highlights include:
"With high-calibre foundational offtake agreements now in place with Ford, Tesla and LG Energy Solution, and financing commitments secured that will allow the project to be funded through to first production, the Liontown Board has made the Final Investment Decision (FID) to proceed to develop Kathleen Valley.
First production of spodumene concentrate is scheduled for Q2 2024.
In preparation for project delivery, the Company intends to award a series of major contracts (including EPCM, Power Purchase Agreement, freight logistics, bulk earthworks and open cut mining services) to established and high-quality contractors.
Accommodation village design, build and construction has been awarded to ADD Business Group, with manufacture and site preparation works already underway.
Early grade control drilling is well advanced at the planned two open pits ahead of anticipated pre-production mining commencing in Q1 2023.
The capital cost estimate for the Project has been revised as part of the FID process."
Vulcan Energy Resources state that they have "the largest lithium resource in Europe" with a total of 15.85mt LCE, at an average lithium grade of 181 mg/L. The Company is in the development stage developing a geothermal lithium brine operation (geothermal energy plus lithium extraction plants) in the Upper Rhine Valley of Germany.
On July 8, Vulcan Energy Resources announced: "Agreement between Vulcan Energy and Enel Green Powerand Zero Carbon Lithium™ Project update." Highlights include:
"Binding agreement signed with Enel Green Power to explore and develop geothermal lithium in Italy.
Preliminary EIA approval, growing community support across the region and Demo Plant progress update at the Zero Carbon Lithium™ Project in Germany."
Upcoming catalysts include:
H2 2022 - DFS, potential permitting and project funding.
Britishvolt signs deal with Posco Chemical for battery materials. Electric vehicle (EV) battery startup Britishvolt has signed a deal with South Korean battery materials firm Posco Chemical (003670.KS) designed to secure the supply of cathode and anode materials, the two companies said on Thursday.
POSCO Holdings to invest KRW6tn in Lithium Business by 2030. POSCO Holdings will invest about 6 trillion won in the lithium business by 2030, said Lee Kyung-seop, head of the company's rechargeable battery material business, in a second-quarter earnings conference call on July 21. “We will invest up to 1.5 trillion won each year,” Lee said. “We will be able to finance the investment with the earnings to be generated by our Argentine brine lithium plant and Gwangyang lithium plant from 2025.”
Upcoming catalysts include:
2024 - Target to commence production at Hombre Muerto and ramp to 25ktpa LiOH.
Wesfarmers [ASX:WES] (OTCPK:WFAFY)(took over Kidman Resources)
The Mt Holland Lithium Project is a 50/50 JV between Wesfarmers [ASX:WES] (OTCPK:WFAFF) and SQM (SQM), located in Western Australia. There is also a proposal for a refinery located in WA. Wesfarmers acquired 100% of the shares in Kidman for A$1.90 per share, for US$545 million in total.
No lithium news for the month.
You can view the latest company presentation here and news on the Mt Holland construction here.
Upcoming catalysts include:
H2, 2024 - Mt Holland spodumene production and Kwinana LiOH refinery planned to begin and ramp to 45-50ktpa LiOH.
Sale of 28.6m Leo Lithium shares – FFX cash injection of $12.9 million. Firefinch Limited (ASX: FFX) (Firefinch or the Company) announces it has sold 28.6 million shares in Leo Lithium Limited (ASX: LLL) (Leo) through a block trade executed after market on Monday 4th July 2022 at a sale price of A$0.455 per Leo share (Trade).
Completion of US$40 million debt facility with Ganfeng. Leo Lithium has agreed terms with Joint Venture partner Ganfeng Lithium Co., on an expandable US$40 million debt facility for the Goulamina Lithium Project....
On July 21, Leo Lithium announced: "Quarterly report for the quarter ended 30 June 2022." Highlights include:
"Leo Lithium commenced trading on the Australian Securities Exchange on 23 June 2022 following an oversubscribed initial public offering which raised A$100 million...
"All development work is progressing in line with schedule and budget. Momentum continues to build on design, engineering and procurement activities.
Key site activities included the installation of the drillers and pioneer camp and the upgrade of the site access road.
Detailed plant design is underway and will allow flexibility for Stage 2 production expansion.
Procurement of long-lead items such as the ball mill, jaw crusher and cone crushers de-risked a significant part of the project procurement profile. The ball mill was the most critical item and was secured under budget and with an eight-week improvement on the baseline schedule, due to the assistance of Ganfeng.
Work is underway on an accelerated production plan targeting compression of the schedule to ensure that first production is achieved as early as possible in Q1 2024."
Global Lithium Resources [ASX:GL1]
On June 28, Global Lithium Resources announced: "Manna drilling delivers positive assays. First RC assays increases confidence and prospectivity at depthas diamond drilling commences at Manna." Highlights include:
".....The program validates previous drilling and resource information, further extending the orebody at depth which remains open....
Drilling intercepts across the same Pegmatite shows continuity with depth:MRC0028 returned 12m @ 0.75% Li2O from 41m,inc. 4m @ 1.41% Li2O from 41m.MRC0029 returned 11m @ 0.83% Li2O from 123m,inc. 4m @ 1.29% Li2O from 126mand 1m @ 1.12% Li2O from 133m. MRC0035 returned 15m @ 0.91% Li2O from 221m,inc. 3m @ 1.39% Li2O from 221mand 2m @ 1.16% Li2O from 229mand 1m @ 1.02% Li2O from 234m.
Additional pegmatite intercepts showing continuity with depth:MRC0034 returned 13m @ 0.84% Li2O from 46m.MRC0035 returned 6m @ 1.09% Li2O from 172m.
Manna East Pegmatite showing increasing width with depth:MRC0032 9m @ 1.29% Li2O from 110m.
Ongoing drilling will further target lithium mineralised pegmatites both along strike and at depth....."
On July 22, Global Lithium Resources announced: "Manna drilling intercepts significant lithium bearing pegmatites. Resource open along strike and down dip." Highlights include:
"Reverse circulation [RC] assay returns multiple +10m intercepts in a single drill hole:MRC0040 returned individual intercepts of:10m @ 1.21% Li 2O from 50m.12m @ 1.71% Li 2O from 75m.11m @ 1.31% Li 2O from 225m.6m @ 1.26% Li 2O from 251m.
Additional Reverse circulation [RC] assay results:MRC0037 returned individual intercepts of:5m @ 1.64% Li 2O from 31m.6m @ 1.32% Li 2O from 101m.3m @ 1.06% Li 2O from 133m.
Diamond drilling [DD] confirms lithium bearing pegmatites extend up to 150m down dip past the current resource.RC assay results correlate well with deeper diamond Lithium bearing pegmatite intercepts...
Results from Manna drilling campaign to be incorporated into updated Mineral Resource later this year."
On July 22, Global Lithium Resources announced: "Drilling intercepts significant lithium pegmatites - Amended."
Barroso Lithium Project Environmental Impact Assessment evaluation process update. Dale Ferguson, CEO of Savannah Resources said, "We are pleased to receive APA's feedback and we have accepted its proposal to move the EIA review process into the Article 16 phase. We look forward to working closely with the regulator under Article 16 to further optimise elements of the Project, which will have extremely positive benefits both for Portugal and Europe. We, like APA, are committed to delivering an environmentally responsible and socially optimised Project. Equally, we remain dedicated to a life-of-project programme of ongoing improvements which has been illustrated with our fast-developing decarbonisation strategy.
Upcoming catalysts include:
2022 - EIA permit due.
2023 - DFS due.
Critical Elements Lithium Corp.[TSXV:CRE] [GR:F12] (OTCQX:CRECF)
On July 19, Critical Elements Lithium Corp. announced:
Critical Elements Lithium commences Summer Exploration Program. Jean-Sébastien Lavallée, CEO of Critical Elements commented: “We are very excited to resume exploration on our extensive land portfolio, and in particular drilling on the Rose and Lemare projects. In the past, we have been able to demonstrate how quickly and efficiently we can define resources. We are very enthused about the exploration potential of our portfolio and the ability to delineate more resources.”
Investors can view the company's latest presentation here.
Upcoming catalysts include:
2022 - Rose Lithium-Tantalum Project provincial permitting. Possible off-take or financing announcements.
You can read the latest Trend Investing Critical Elements Lithium article here.
Lake Resources own the Kachi Lithium Brine Project in Argentina. Lake has been working with Lilac Solutions Technology (private, and backed by Bill Gates) for direct lithium extraction and rapid lithium processing.
Lake responds to online report. Lake Resources is advancing project delivery, extraction technology, and operations to serve critical North American and Asian supply chains. Its flagship Kachi project, located in Argentina’s Catamarca province, is a globally significant lithium resource.
ioneer ltd. announced in September 2021 the sale of 50% of its flagship lithium boron project to Sibanye Stillwater for US$490m.
On July 1, ioneer Ltd announced: "Ioneer commences trading on NASDAQ."Highlights include:
"ioneer today announced the commencement oftrading on the NASDAQ under an American Depositary Receipt (ADR) listing...
Key work streams progressing well including additional lithium off-take, debt funding, detailed engineering and federal permitting.
Final stages of documentation for two lithium offtake agreements that will ensure our Nevada produced lithium is committed to US EV supply chain.
Debt funding due diligence continuing with US Department of Energy Loan Programs Office."
On July 22, ioneer Ltd announced: "ioneer signs binding lithium offtake agreement with Ford."Highlights include:
"ioneer has signed a binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada intended to supply BlueOval SK.
In support of end-to-end U.S. EV supply chain and Ford’s plan, ioneer is supplying lithium from its Nevada operations for lithium-ion batteries planned for EVs built in America.
The 5-year binding agreement is for a total of 7,000 tpa of lithium carbonate from ioneer's Rhyolite Ridge Lithium-Boron operation in Nevada and represents approximately 34% of annual output in the first 5 years of production."
Upcoming catalysts include:
Any debt funding deals on top of the existing Sibanye-Stillwater US$490m to fund Rhyolite Ridge.
Galan is developing their flagship Hombre Muerto West ("HMW") Lithium Project located on the west side edge of the high grade, low impurity Hombre Muerto salar in Argentina. In total Galan Lithium has 3.0m tonnes contained LCE @858mg/L.
On July 14, Galan Lithium announced: "Outstanding initial well test results at HMW Project.High lithium grades, porosity and brine flow rates recorded." Highlights include:
"72-hour constant rate testing successfully completed at first Pata Pila pumping well (PPB-01-21).Brine sampling confirms high grade resource (Li > 910 mg/L).Hydraulic testing saw aquifer response showingfavourableconditions for high volume brine production (15 – 20L per second)...
Testing of first well at Rana de Sal (PBRS-01-21) is imminent."
Frontier Lithium own the PAK Lithium (spodumene) Project comprising 26,774 hectares and located 175 kilometers north of Red Lake in northwestern Ontario. The PAK deposit is a lithium-cesium-tantalum [LCT] type pegmatite containing high-purity, technical-grade spodumene (below 0.1% iron oxide).
On June 29, Frontier Lithium announced: "Frontier Lithium files year-end March 31, 2022 financial results." Highlights include:
"At March 31, 2022 the Company had cash and cash equivalents of C$17.7 million, leaving it well positioned to execute on its plan to complete the PFS and planned 15,000 metre drill program which commenced in May 2022..."
On July 5, Lithium Power International announced: "LPI becomes largest tenement holder in Greenbushes region & buys holding in Eastern Goldfields."
"Lithium Power has bought CMC Lithium and its Greenbushes Project in Western Australia, adding an extra 365km2 of prospective ground around Talison Lithium’s Greenbushes Mine, the world’s largest hard-rock spodumene operation.
Lithium Power has also acquired twotenements in the mineral rich Eastern Goldfields of WA, from private company Lysander Lithium.
In the Eastern Goldfields, prolific gold and nickel endowment is often complimented by large lithium spodumene pegmatite deposits, such as Neometals’ Mt Marion mine.
The properties were acquired for a combination of cash and LPI stock.
Lithium Power now has tenements in each of the three major WA hard rock lithium areas - Greenbushes, the Pilbara Craton and the Eastern Goldfields."
2022 - Further developments with Mitsui re off-take partner and funding announcements for Maricunga Lithium Brine Project in Chile. Spin-out of Western Australian Greenbushes and Pilgangoora lithium assets.
American Lithium Corp. [TSXV: LI] (OTCQB:LIACF) (acquired Plateau Energy Metals Inc.)
On June 27, American Lithium Corp. announced: "American Lithium validates Sulfate of Potash as a strategic by-product of future lithium production at Falchani."
On July 11, American Lithium Corp. announced: "American Lithium launches Pre-Feasibility work at Falchani, with initiation of EIA with SRK."
On July 14, American Lithium Corp. announced: "American Lithium intersects up to 2,900 ppm Li in best results to date from thick lithium claystone averaging 1,550 ppm Li over 50.3 m in hole TLC-2206C."
Wealth Minerals has a portfolio of lithium assets in Chile, such as 46,200 Has at Atacama, 8,700 Has at Laguna Verde, 6,000 Has at Trinity, 10,500 Has at Five Salars. Also the right to acquire a 100% interest in the Ignace REE Lithium Property in Ontario, Canada.
On June 30, Wealth Minerals announced: "Correction: Wealth closes strategic investment for a total of $3,037,000..."
Investors can view the company's latest presentation here.
E3 Lithium Ltd. is a lithium development company focused on commercializing its extraction technology and advancing the world's 7th largest lithium resource with operations in Alberta. E3 has an inferred mineral resource of 6.7 million LCE.
E3 Lithium begins drilling first lithium evaluation well in Alberta... The well will be completed in E3’s Clearwater Project area, east of the Town of Olds, Alberta. Drilling operations are expected to be completed by mid-July. Following drilling, a service rig will be moved onsite to commence testing of the formation to verify brine chemistry and flow rates.
On June 29, E3 Lithium Ltd. announced: "E3’s lithium used to produce lithium metal battery."
E3 Metals Corp. changes name to E3 Lithium Ltd... The Company’s common shares will trade on the TSX Venture Exchange under the name and under the new trading symbol “ETL”. The Company’s common shares will trade on Frankfurt Stock Exchange under the same trading symbol “OU7A” and on the OTCQX under the same trading symbol “EEMMF”.
On July 8, E3 Lithium Ltd. announced: "E3 Lithium commences trading under new symbol “ETL”."
On July 8, E3 Lithium Ltd. announced: "E3 Lithium receives TSXV approval and closes agreement with Imperial Oil. E3 LITHIUM LTD..."
E3 Lithium outlines 23.4 Mt LCE Inferred Mineral Resource in consolidated Bashaw District... The Bashaw District combines and expands the Clearwater Resource and Exshaw Resource areas into a consolidated resource that contains an estimated total of 59 billion m3 (59 km3) of brine formation water at an average grade of 74.5 milligram/Litre (mg/L) lithium (Figure 1).
On July 20, E3 Lithium Ltd. announced: "E3 Lithium finishes drilling its first well; completion and sampling program to begin..."
You can read the company's latest presentation here.
Iconic completes first drill hole of 2022 at the Bonnie Claire Lithium Project... Iconic Minerals Ltd CEO, Richard Kern, comments: “Completion of our first core hole is a major milestone in the quest to move Bonnie Claire forward to a feasibility study and beyond. Core allows us to determine detailed geology as well as gather the geo-technical parameters to be used in designing borehole testing. I believe this program will further prove the enormous potential of the project.”
On July 15, Rio Tinto announced: "Rio Tinto releases second quarter production results." Highlights include:
"At the Jadar lithium-borate project in Serbia, we are continuing to explore all options. We acknowledgethe concerns from local communities and are engaging meaningfully to explore ways to address them.
The acquisition of the Rincon lithium project in Argentina was completed at the end of March 2022, andintegration is well underway. We are undertaking engagement with communities, the province of Saltaand the Government of Argentina to ensure an open and transparent dialogue with stakeholders aboutthe work planned, including possible pathways for a smaller start-up to accelerate market entry.Detailed studies are progressing.
Rio Tinto and Ford sign MOU for battery and low carbon materials supply to support net-zero future. Rio Tinto and Ford Motor Company have signed a non-binding global memorandum of understanding [MOU] to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles. The multi-materials partnership will support the transition toward a net-zero future by supplying Ford, one of the world’s largest automakers, with materials including lithium, low-carbon aluminium and copper... Under the agreement, Ford will explore becoming the foundation customer for Rio Tinto’s Rincon lithium project in Argentina. Rio Tinto is currently progressing detailed planning to bring Rincon into production and will work with Ford toward a significant lithium off-take agreement to support its production of electric vehicles.
On July 7, Lithium South Development Corp. announced:
Evaporation test work underway at HMN Li Project... We are pleased to announce the results of the test work to date aiming to demonstrate the possibility of producing battery grade lithium carbonate. Accordingly, a representative Hombre Muerto North salar brine trial of 7,359 L (8.874 t) containing 874 mg/L Li+ was subjected to pre-concentration by evaporation at the site. About 92% of the lithium was recovered in 600 L (744 kg) preconcentrated brine assaying about 6.8 g/L Li+. Subsequent liming followed by concentration-evaporation yielded about 60 L of brine (80 kg) assaying 32.7 g/L Li+. The overall lithium recovery was 60% compared to 51% recovery predicted in the 2019 NI 43-101 Technical Report... The next step in the process test work will be to advance the concentration process aiming for 6% Li in the final brine, rendering it potentially suitable for the production of Lithium Chloride, a marketable commodity...
Alpha Lithium completes drilling in Tolillar and initiates exploration at Hombre Muerto... Alpha is commencing a Vertical Electrical Sounding (“VES”) survey on its 100% owned, 5,000-hectare property in Hombre Muerto with the intention to complement and direct the Company’s upcoming drilling program. At Tolillar, the Company is pleased to provide an update on VES, drilling and the scheduled completion of an inaugural NI 43-101 Resource Report. The Company currently has $44 million in cash; and accordingly, is extremely well-funded to continue its drilling and exploration activities.
Argentina Lithium & Energy Corp. [TSXV: LIT] (OTCQB: OTCQB:PNXLF)
On July 13, Argentina Lithium & Energy Corp. announced:
Argentina Lithium discovers positive lithium results in initial drilling at Rincon West... and reports positive lithium analyses from brine samples collected over a 70 metre thick permeable interval with lithium grades ranging from 225 to 380 mg/litre...
On July 21, Argentina Lithium & Energy Corp. announced:
Argentina Lithiumexpands salt flat holdingsat Salar de Rincon.Argentina Lithium & Energy Corp...is pleased to announcethat ithas won the publictenderto purchase100% interest ofthe Rinconcita II mining concessionarea...located on the Salar de Rincon inSaltaProvince, Argentina...TheProperty consistsof460.5 ha of salt flat,located adjacenttoand east of Argentina Lithium’s Rincon West property, and located adjacent to and westof Rincon Mining’s Rincon Project,which waspurchased by Rio Tinto earlier this year.
Essential Metals has 9 projects (lithium, gold, gold JV, and nickel JV) all in Western Australia. Their flagship Pioneer Dome Lithium (spodumene) Project has a JORC Compliant Total Resource of 11.2Mt at 1.21% Li2O.
On July 14, Essential Metals announced: "Pioneer DomeLithiumProject-Resourceextensiondrilling, metallurgical test work andMiningLeaseApplicationunderway.Current activities expected topave the way foran updatedMineralResource andScopingStudy in the December2022quarter." Highlights include:
"Cade Deeps drilling: Three holes completed ~120-130mbelow the CadeMineral Resource,suggestingthat a southerly plunge could be present insteadof the previouslyinterpreted northerlyplunge. Thick pegmatite intersectionsup to 25m in true widthwereobservedin two holes witha~1m interval of visualspodumeneobserved in one hole.All pegmatitedrillcore will be submitted forlithium assays. Theprogramme isexpected to be completedbymid-August.
Metallurgicaltestwork:Threecompositesamplesarecurrentlybeingprocessed at Nagrom Laboratories.....
An application for a Mining Lease to encompass the Dome North MineralResources is being preparedand is expected to be lodged by end-August.Theregulatory processwill likelytake 6-9 months."
Green Technology Metals [ASX: GT1]
Green Technology Metals [ASX:GT1] ("GT1") has several very promising lithium projects near Thunder Bay in Ontario, Canada. The current JORC Total Mineral Resource is 4.8Mt @ 1.25% with a project's (spodumene) wide target resource of 50-60 MT @ 0.8-1.5% Li2O.
On July 8, Green Technology Metals announced: "Further step-out success at Seymour." Highlights include:
"Diamond drilling recommenced at the North Aubry deposit (Seymour Lithium Project) in June.
First completed hole (GTDD-22-0323) returned 17.9m spodumene bearing pegmatite from 218m; assays pending.
Intersection considerably thicker than modelled and potentially significantly increases the mineralised volumes in this targeted strike extension of North Aubry.
Second completed hole (GTDD-22-0128), down-dip of GTDD-22-0323; returned 18.6m spodumene bearing pegmatite from 312m, plus a further 6.41m pegmatite interval 60m above main zone.
Additional step-out drilling at North Aubry set to target further northerly strike extension, along with accompanying down-dip extensional opportunities.
Next planned drillhole at North Aubry sited approximately 100m north-west of GTDD-22-0323.
Diamond drilling of key targets at Pye prospect (Seymour) is expected to recommence next week."
On July 19, Green Technology Metals announced: "Baseline environmental studies continue at Seymour."
Battery recycling, lithium processing and new cathode technologies
Rock Tech Lithium and Transamine to cooperate on lithium supply... With their established expertise, Transamine would represent an ideal partner for Rock Tech in sourcing the raw material needed for our lithium hydroxide converters...
Rock Tech Lithium signs framework agreement with a globally operating car producer based in Germany. Markus Brügmann, CEO of Rock Tech Lithium stated, "We are very pleased to have found a renowned partner to advance the subject of e-mobility. We expect to commence production of lithium hydroxide in Guben, Brandenburg, where we are building Europe's first lithium hydroxide converter. The start of production is planned for 2024."
Other juniors include: 5E Advanced Materials Inc. [ASX:5EA] (FEAM), American Lithium Minerals Inc. (OTCPK:AMLM), Anson Resources [ASX:ASN] [GR:9MY], Ardiden [ASX:ADV], Arizona Lithium [ASX:AZL] (OTCQB:AZLAF), Atlantic Lithium [LON:ALL] (OTCQX:ALLIF), Bradda Head Lithium Limited [LON:BHL] (OTCQB:BHLIF), Bryah Resources Ltd. [ASX:BYH], Carnaby Resources Ltd. [ASX:CNB], Critical Resources [ASX:CRR], Electric Royalties [TSXV:ELEC], Eramet [FR: ERA] (OTCPK:ERMAF) (OTCPK:ERMAY), European Lithium Ltd. [ASX:EUR] (OTCQB:EULIF), Foremost Lithium Resources & Technology [CSE:FAT] (OTCPK:FRRSF), Greenwing Resources Limited [ASX:GW1] (OTCPK:BSSMF), HeliosX Lithium & Technologies Corp. [TSXV:HX] (formerly Dajin Lithium Corp. [TSXV:DJI]), Hannans Ltd [ASX:HNR], Infinity Lithium [ASX:INF], International Battery Metals [CSE: IBAT] (OTCPK:IBATF), Ion Energy [TSXV:ION], Jadar Resources Limited [ASX:JDR], Jourdan Resources [TSXV:JOR] (OTCQB:JORFF), Kodal Minerals (LSE-AIM: KOD), Larvotto Resources [ASX:LRV], Latin Resources Ltd [ASX:LRS] (OTC:LAXXF), Lepidico [ASX:LPD] (OTCPK:LPDNF), Liberty One Lithium Corp. [TSXV:LBY] (OTCPK:LRTTF), Lithium Australia [ASX:LIT] (OTC:LMMFF), Lithium Chile Inc. [TSXV:LITH][GR:KC3] (OTCPK:LTMCF), Lithium Corp. (OTCQB:LTUM), Lithium Energi Exploration Inc. [TSXV:LEXI](OTCPK:LXENF), Lithium Ionic Corp. [TSXV:LTH], Lithium Plus Minerals [ASX:LPM], Metals Australia [ASX:MLS], MetalsTech [ASX:MTC], MinRex Resources [ASX:MRR], MGX Minerals [CSE:XMG] (OTC:MGXMF), New Age Metals [TSXV:NAM] (OTCQB:NMTLF), Noram Lithium Corp. [TSXV:NRM] (OTCQB:NRVTF), One World Lithium [CSE:OWLI] (OTC:OWRDF), Patriot Battery Metals [TSXV:PMET] (OTCQB:PMETF), Portofino Resources Inc.[TSXV:POR] [GR:POT], Power Metals Corp. [TSXV:PWM] (OTCQB:PWRMF), Prospect Resources [ASX:PSC], Pure Energy Minerals [TSXV:PE] (OTCQB:PEMIF), QMC Quantum Minerals Corp. [TSXV:QMC] (OTCPK:QMCQF), Snow Lake Lithium (LITM), Spearmint Resources Inc. [CSE:SPMT] (OTCPK:SPMTF), Surge Battery Metals Inc. [TSXV:NILI] (OTCPK:NILIF), Tantalex Lithium Resources [CSE:TTX], [FSE:1T0], Ultra Lithium Inc. [TSXV:ULI] (OTCQB:ULTXF), United Lithium Corp. [CSE:ULTH] [FWB:0UL] (OTCPK:ULTHF), Vision Lithium Inc. [TSXV:VLI] (OTCQB:ABEPF), Winsome Resources Limited [ASX:WR1], Xantippe Resources [ASX:XTC], Zinnwald Lithium [LN:ZNWD].
July saw lithium chemicals prices flat and spodumene prices slightly higher.
Highlights for the month were:
Sayona and Piedmont formally approve NAL restart, set for Q1, 2023.
Liontown Resources executes Binding Offtake Agreement and A$300m debt facility with Ford. The Kathleen Valley Lithium Project is now fully-funded with first production of spodumene concentrate scheduled for Q2 2024.
Britishvolt signs deal with POSCO Chemical for battery materials. POSCO Holdings will invest about 6 trillion won in the lithium business by 2030.
Leo Lithium completes US$40 million debt facility with Ganfeng for the Goulamina Lithium Project.
Global Lithium Resources: Manna drilling intercepts significant lithium bearing pegmatites.
Savannah Resources receives feedback on its Environmental Impact Assessment for the Barroso Lithium Project.
ioneer commences trading on NASDAQ, signs binding off-take agreement with Ford.
FRONTIER INTERSECTS 144 M OF HIGH GRADE LITHIUM AVERAGING 1.72% Li2O.
Lithium Power International becomes largest tenement holder in Greenbushes region & buys holding in Eastern Goldfields.
E3 Lithium closes agreement with Imperial Oil. Outlines 23.4 Mt LCE (at 74.5mg/L) Inferred Mineral Resource in consolidated Bashaw District.
Iconic Minerals completes first drill hole of 2022 at the Bonnie Claire Lithium Project.
Arena Minerals produces 35% lithium chloride in pilot testing at Sal de la Puna Project.
Rio Tinto and Ford sign MOU for battery and low carbon materials including lithium, low-carbon aluminium and copper.
Lithium South achieves solid evaporation test results at HMN Li Project.
Alpha Lithium initiates detailed engineering for pilot plant & opens PEA bids for large scale plant, in Argentina.
Argentina Lithiumexpands salt flat holdingsat Salar de Rincon.
Green Technology Metals achieves further step-out success at Seymour.
Laredo Petroleum(LPI-1.15%) Q2 2022 Earnings Call Aug 04, 2022, 8:30 a.m. ET
Questions and Answers
Good day, everyone. My name is Kelly ann, and I'll be your conference operator for today. At this time, I'd like to welcome everyone to the Laredo Petroleum, Inc. Q2 2022 earnings conference call.
Today's call is being recorded. [Operator instructions] It is now my pleasure to introduce Mr. Ron Hagood, vice president of investor relations. Please go ahead, sir.
Ron Hagood -- Vice President, Investor Relations
Thank you and good morning. Joining me today are Jason Pigott, president and chief executive officer, Karen Chandler, senior vice president and chief operating officer, Bryan Lemmerman, senior vice president and chief financial officer, as well as additional members of our management team. During today's call, we will be making forward-looking statements. These statements, including those describing our beliefs, goals, expectations, forecasts and assumptions, are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Actual results may differ from these forward-looking statements for a variety of reasons, many of which are beyond our control in addition, we'll be making reference to non-GAAP financial measures. Reconciliations to GAAP financial measures are included in the press release and presentation we issued yesterday that detail our financial and operating results for second quarter 2022. Press release and presentation can be accessed on our website at www.laredopetro.com. I will now turn the call over to Jason Pigott, president and chief executive officer.
Jason Pigott -- President and Chief Executive Officer
Thank you, Ron. Good morning and thank you for joining us for our discussion of our second quarter results. In our financial and operational results for the quarter, we have also updated our 2022 outlook and given capital and oil production projections and updated free cash flow sensitivities for 2023. I'll start with our quarterly results. Our second quarter results exceeded expectations, delivering company record adjusted EBITDA and free cash flow.
Second, we immediately began delivering on our $200 million equity repurchase program and debt reduction targets we announced on May 31. To date, we've repurchased $16.1 million of equity and $91.4 million of face-value term debt. In addition to reducing absolute debt, our leverage ratio decreased from 1.9 times in the first quarter to 1.4 times in the second quarter. Third, we continue to demonstrate capital discipline.
Second quarter capital came in a little higher than expected primarily due to acceleration of operations associated with the timing of ongoing completions, associated facilities and a small amount of non-op activity that was expected in the second half, not changing our full year 2022 capital budget of $550 million. Moving to our updated 2022 and 2023 outlook. At the end of the second quarter, we turned into line a six-well package, the Leech wells, consisting of six 15,000-foot wells in our most southeastern unit in Howard County. These wells are still in the flow-like stage.
The oil production ramp has taken much longer than the offset wells and the wells are underperforming our prior forecast. Oil production for full year 2022 is now expected to be between 38,000 and 39,000 barrels of oil per day versus prior guidance of 39,500 to 42,500 barrels of oil per day. Full year 2022 free cash flow at prices of $100 per barrel WTI for the remainder of the year is now expected to be approximately $280 million versus prior projections of $350 million. Our initial outlook for 2023, we have incorporated the impact of the Leech package, our current capital expenditure projection, additional drilling and completion efficiencies and interest savings from debt repurchases to date.
Currently at $90 per barrel WTI price for 2023, we expect free cash flow of approximately $560 million versus prior projections of $550 million and expect low single-digit oil growth compared to the new 2022 oil production range. I stress that nothing has changed the trajectory of the company or our debt reduction and equity repurchase plan. There is no impact to inventory counts or how we execute our development plan. Overall financial impact of all of our updates over the second half of 2022 and full year 2023 is approximately $60 million.
We are committed to delivering on our $200 million equity repurchase program, absolute debt reduction target of $700 million and our leverage ratio target of sub 1.0x. I will now turn the call over to Karen.
Karen Chandler -- Senior Vice President and Chief Operating Officer
Thank you, Jason. And good morning. In the second quarter, we completed 11 wells and TIL-ed seven wells. Production was within our guided ranges even when including the working interest adjustments to wells that reached payout prior to the quarter and was outlined in the earnings release.
Total expenditures were slightly above expectations mainly due to a slight acceleration of operations associated with the timing of ongoing completions and associated facilities and acceleration into second quarter of a small amount of non-op capital that was expected in the second half. About a quarter of the increase was due to inflation which was primarily related to diesel expenses running over 40% higher on average than our original estimates. For second half, we have incorporated these higher diesel costs into our capital numbers. We expect capital to be approximately $120 million in both the third and fourth quarters and to maintain our full year 2022 budget of $550 million.
As Jason mentioned, six of the seven wells that we TIL-ed during the quarter were 15,000-foot Wolfcamp A wells in the Leech package developed on the southeastern edge of our Central Howard acreage position. We generally feel that rock quality in Howard County degrades to the south. Very good well control and data from previous packages in and around the Leech area and decided to take measures to derisk the package and Excellerate projected returns based on this information. We developed only the Wolfcamp A formation despite traditionally codeveloping with the Lower Spraberry, also widening spacing in the Wolfcamp A.
These changes resulted in a 6-well development in the unit versus our standard development plan of 12 wells per DSU. Despite these efforts, production results have been disappointing. The Leech package has been on pullback for a little more than two months and is still producing significant amounts of water and low oil production. We are currently working on options to optimize our artificial lift strategies and evaluating other potential remediation strategies as we continue to watch and gain additional understanding of the well production over time.
Given the abundance of offsetting well data in Central Howard, the remainder of our development being west and north of the Leech wells, we do not believe this impacts any of the 23 remaining locations in Central Howard. Of these locations, five are expected to come online in 2023 and direct offsets to the Worthy/Buchanan and Conner packages completed in fourth quarter '21 and first quarter '22, respectively. 18 are expected to be developed in 2024, giving us plenty of time to find learnings from the Leech package and adjust how those DSUs are developed if needed. Leech well results do not impact our long-term trajectory or inventory counts, the deep inventory of high-quality drill-ready locations and flexibility in our development plans. The remainder of our TILs in 2022 are all in North Howard, and more than 90% of all TILs in 2023 are in North Howard.
Our fleet rock quality is substantially better in Howard County as you move northwest. And as you can see on slide six in the earnings presentation, our production data bears that out. Focus on North Howard in the second half of 2022 and full year 2023 benefits our oil production expectations for 2023. In the preliminary 2023 outlook we issued within our earnings release, our projection of low single-digit oil growth, compared to updated guidance for full year 2022, is driven by the expected productivity of North Howard.
Within our preliminary 2023 outlook, we have a capital estimate of approximately $585 million. Primary difference from the $550 million budget in 2022 is related to the spot frac crew that is currently anticipated to operate for most of the first half of the year. With the continued performance improvements in drilling feet per day, we are anticipating being able to run the spot frac crew for a total of five months without adding any additional drilling activity above our current two rigs. Overall, keeping our DUC count low and using the spot frac crew as early as possible in the year provides our most capital-efficient operations program.
This additional completions activity is also the reason we are able to fully offset the expected negative production impact from the Leech wells next year. I will now turn the call over to Bryan for a financial update.
Bryan Lemmerman -- Senior Vice President and Chief Financial Officer
Thanks, Karen. We delivered very strong financial performance in the second quarter. We generated company record free cash flow and adjusted EBITDA. We took our revolver balance to zero.
We reduced leverage by half a turn. And we aggressively repurchased our debt and equity, fulfilling our commitment to return capital to shareholders. Taking a look at the balance sheet. We ended the quarter with $146 million of cash, and as of Tuesday, we have approximately $114 million of cash, with our revolving credit facility completely undrawn.
Liquidity stands at $1.1 billion, with quarter-end leverage at 1.4 times. We reiterate our leverage goal of achieving a sub-one times leverage goal, which we believe we will achieve in Q2 of 2023, also reiterate our absolute debt reduction target of $700 million, putting us at approximately $700 million of net debt. The $700 million target leaves us in a position to be approximately one times levered in lower price environments. Through Tuesday, Laredo has purchased $91.4 million of our notes at an average price of 98.
These purchases have been skewed toward the 2029s and 2028s, with approximately 52 million of the 2029 -- 29 million of the 2028s and 11 million of the 2025s purchased to date. We plan to repurchase a total of 250 million of notes through the end of the year. On the equity side of the equation, through Tuesday's trading, we have repurchased approximately $16 million of our stock at an average price of $87.62 a share. We will continue to repurchase shares somewhat methodically, but when our share price indicates that we can repurchase our shares, which are a proxy for our assets, at prices below where assets are trading on the M&A market, we will accelerate those repurchases.
Free cash flow for the second quarter came in at $110 million, in line with our expectations. And these cash flows were directed toward our debt and equity repurchases they did for current guidance under the same pricing scenario we used in our last guidance, Laredo is expected to generate $280 million of free cash flow for 2022 and approximately $840 million of free cash flow through the end of 2023. This represents a decrease over the two-year period of approximately $60 million over our prior guidance. On the M&A front, we have been actively looking at opportunities in the market and have not found many that have the right mix of inventory to PDP.
We do still believe that scale matters and that M&A will be a part of our strategy for the foreseeable future, but we will remain diligent in what we go after and how we finance it so that it is accretive to shareholders and does not derail our deleveraging goals. With that, I will turn it over to Jason for final comments.
Jason Pigott -- President and Chief Executive Officer
Thank you, Bryan. And thank you all for joining us today. Operator, please open the line for questions.
Questions & Answers:
[Operator instructions] We'll hear first today from Derrick Whitfield with Stifel.
Thanks and good morning all morning. For my first question, I wanted to start with the Leech DSU. It appears that both pre- and post-drill data indicated this was your highest-risk DSU within Howard County. Could you speak to your degree of confidence that the DSU to the west, which you plan to develop in 2024, would be a commercial DSU; and perhaps also speak to if there's a noticeable difference in well performance from east to west within the Leech DSU?
Kyle Coldiron -- Vice President, Development and Production
Yeah. Thanks, Derrick. This is Kyle Coldiron. So yes, absolutely.
Within the Leech DSU itself, the western-most wells are the highest-producing wells. As you move to the east, we see a higher water cut and lower oil production in the eastern-most wells. And so, that combined with our current offsetting production around the undeveloped DSUs that will be developed in 2024. We have strong production around those DSUs on both sides, yes, which ultimately gives us confidence that they are unaffected by the issues that we're seeing in the leech package.
Terrific. And just as a follow-up to put some parameters around this Leech DSU, could you frame the NPV impact associated with it if your oil cut doesn't meaningfully appreciate? At most, it would just seem to be the costs of the wells, but you already trade at a discount or at your PDP depending on your discount rate. Am I thinking about that correctly?
Bryan Lemmerman -- Senior Vice President and Chief Financial Officer
Yeah, Derrick. This is Bryan. The capital has already been spent. I think the way to think about it is the impact on cash flows going forward, and the largest portion of that would be the $70 million impact in the back half of this year.
Thu, 04 Aug 2022 11:44:00 -0500Motley Fool Transcribingentext/htmlhttps://www.fool.com/earnings/call-transcripts/2022/08/04/laredo-petroleum-lpi-q2-2022-earnings-call-transcr/Killexams : FIVE at FIVE AU: RBA hikes rates another 50 basis points, but the ASX weathers the storm
Despite the latest interest rate rise, the ASX was higher today.
The S&P/ASX200 gained 16.70 points or 0.25% to 6,629.30. Over the last five days, the index has lost 1.99% and 9.37% over the last 52 weeks.
The Reserve bank of Australia (RBA)’s efforts to clamp down on rising inflation has seen it raise the cash rate by another 0.5% to 1.35%.
Governor Phillip Lowe said: “Today‘s increase in interest rates is a further step in the withdrawal of the extraordinary monetary support that was put in place to help insure the Australian economy against the worst possible effects of the pandemic.”
This is not the last of the rate rises, with more pain for mortgage holders ahead as cost of living pressures begin to strain.
The size of the next rate rise is yet to be determined.
“The size and timing of future interest rate increases will be guided by the incoming data and the board’s assessment of the outlook for inflation and the labour market,” Dr Lowe said.
The rise means those with a $750,000 mortgage are paying $500 more a month than they were in April.
RateCity.com.au research director Sally Tindall has predicted another 50 basis points rise in August.
"If this happens, it will be the sharpest rise to the cash rate since 1994, when the RBA hiked by 2.75 percentage points in the space of five months," she says.
“Borrowers need to ready themselves for rates to rise by a total of 2.5 percentage points by early next year, potentially even higher."
Federal Treasurer Jim Chalmers has expressed his sympathy, although those who are doing it tough may find the words a little hollow.
“Rates were expected to rise and they’re expected to bite,” Dr Chalmers said in a statement immediately after the RBA’s decision.
”When it comes to inflation we expect it to get worse before it gets better and the Reserve Bank has flagged further rate rises.
“While the trajectory of rising interest rates was set before the election, this rate rise is another blow to workers and families already under significant cost of living pressure.
“For a lot of families and a lot of homeowners, they will have to find, in already stretched household budgets, even more to service the mortgage.
“A lot of people are doing it incredibly tough already with the skyrocketing costs of essentials, like groceries, and petrol, and electricity, and this will make life even harder for a lot of Australians.”
Mortgage holders now have several important decisions to make including whether to find a new, cheaper bank or lock in a fixed rate.
The latter decision is not a simple one.
“A few months ago, you could get fixed rates that were lower than variable rates. However, now, fixed rates are averaging 4-5-plus per cent (with shorter fixed terms offering rates at the lower end), while the average variable rate is 2.5% and likely to be 3% by end of June,” Money.com.au spokesperson and licensed financial adviser Helen Baker said.
“You will need to try to forecast where rates will go and work out whether it is best to pay more interest in a fixed- rather than variable-rate loan. Will variable rates outpace fixed rates over the next three to five years? Keep in mind that when the fixed term ends you will go to a variable rate.”
According to the ASX, Futures markets are factoring a cash rate of above 3% by December.
It is also thought that consumer price growth will fall back towards 2-3% next year, easing pressures as supply chain issues normalise and commodity prices stabilise.
“Medium-term inflation expectations remain well anchored, and it is important that this remains the case,” Dr Lowe said.
Adverse weather events, however, may make the stabilisation more difficult. Parts of NSW are currently under water … again.
“Grocery prices are already skyrocketing and natural disasters like this are notorious for making that challenge worse. We already expected the inflation challenge in our economy to get worse before it gets better and this, unfortunately, we will be part of that.”
Despite rate rises, the ASX will outperform US markets
That’s the word from VanEck head of investment and capital markets Russel Chesler who says that as the ASX is less dominated by growth stocks and better linked to commodity markets, it can weather the rate rise storm.
"We would expect to see the Australian share market continue to outperform global markets in the second half of 2022," he says.
"The market advanced on the announcement by the RBA and the big four banks jumped by around 0.5%. Other big moves on the ASX today include resource companies Regis Resources up 10.3% and gold miner St Barbara up 6.9%.
"We expect to see a fall in house prices spread to other cities in the second half of 2022 and into 2023, which could represent a significant challenge to household wealth as well as bank earnings."
Here’s a look at five of today's top small-cap stories.
Flynn Gold soars on hitting 5.4 metres at 10.63 g/t gold in maiden diamond hole at Trafalgar prospect in Tasmania
Fynn Gold Ltd returned strong results in its maiden drilling program underway at Trafalgar prospect within the Golden Ridge Project in northeast Tasmania with shares soaring as much as 90%.
Red River Resources hits 257 g/t gold within 4.5 metres at 29.5 g/t at Hillgrove in New South Wales
Red River Resources Ltd (ASX:RVR) has struck bonanza-grade gold in the first hole drilled at Bakers Creek prospect of the Hillgrove Gold Project in New South Wales, with a priority assay returning 4.50 metres at 29.5 g/t gold and 0.3% antimony from 466 metres, including 0.45 metres at 257 gold from 467.75 metres. RVR finished the day 3.2% higher.
SenSen Networks notches up another record month for sales cash inflows
“I am pleased to see consecutive months of record cash inflows from customers and revenue momentum across all our business verticals,” said SenSen Networks Ltd CEO Dr Subhash Challa. SNS was even for the day.
Noxopharm lauds participation of Mayo Clinic and Washington University in CEP-2 Sarcoma trial
Noxopharm Ltd (ASX:NOX) has added three more US sites for its CEP-2 sarcoma study following the participation of the Mayo Clinic and Washington University in the study, bringing the number of well-known participating US cancer centres to four. NOX was 6.96% higher at close.
Mon, 04 Jul 2022 19:22:00 -0500entext/htmlhttps://www.proactiveinvestors.com/companies/news/986591Killexams : Finding Common Ground
Oh, summer …
A time when teachers, leaders, and students recharge their batteries, shake off the stress from last year, and take time to focus on practicing books that do not involve education. That’s a good thing, because according to an Education Week Research Center survey, “91percent of teachers experience job-related stress sometimes, frequently, or always.” Teachers are not alone in the job-related stress department. A well-known combined study by the National Association of Secondary School Principals (NASSP) and the Learning Policy Institute (LPI) found that 42 percent of school principals have considered leaving their jobs.
The issue with summer is that when teachers and leaders recharge, they promise themselves that they will do things differently in their classrooms and school buildings, but when the school year begins, many times they revert to old habits.
I have been guilty of continuing on that same hamster wheel. As a teacher and former school leader I used to to suffer from anxiety, as well as never feeling like I gave enough to the schools where I worked. As an author and workshop facilitator, I was on the road about 45 weeks a year prior to COVID. I used to wear that as some sort of badge of honor because it showed how busy I was and that my work was in demand. Then, in March 2020, COVID came crashing into our lives, and everything stopped as far as road travel and in-person professional learning was concerned.
I quickly had to pivot my work into remote sessions to accommodate schools and organizations that were trying to focus on instructional leadership, which was the focus of my book that came out the month before COVID.
My Mental Health Flourished
Something that was more important happened for me at that time. I was home. I had always promised myself and my partner that I would be on the road less, but I never held the promise. How many teachers and leaders promise their partners, spouses, and children that they will not work on the weekends or late into the night and then find themselves backtracking on those promises? During COVID, I found myself with the opportunity to be home. Yes, I was in my office from the very early morning to late in the evening due to transferring everything from in person to remote, along with working in different time zones. However, once a week, I would go up north to stay with my mom, who was in her mid-80s. My siblings and I were worried about her being isolated because she still lived alone in the house she and my dad built in 1959.
On those nights I stayed up at my childhood home, my mom and I would bring dinner over to my sister Trish and brother-in-law Hassan. My nephew Khalil and his wife, Richele, would come over with their dog, Elbie. During the warm months, we sat on their back deck. In the colder months, we sat in the garage with a heater. My sister was going through her second battle with cancer, and we needed to be careful because all this was before we had a vaccine.
At heart, I was always a bit of a mama’s boy because I called her almost every day, even while I was traveling, just to check in on her. I texted with Trish and my oldest brother, Frank, every day. My mom and sister always came with me on at least one work trip per year, and we vacationed together with my partner once a year as well. This time, however, our trips did not revolve around my work. Those promises of being home more were coming true, and I became one of the people who actually benefited from COVID, because I was forced to find a work-life balance and I was happy to do so.
What does this have to do with teaching and leading?
Teachers and leaders are fully committed to their jobs and many times think that anything other than working seven days a week means they don’t care about their work. I know it was an opinion I held. COVID forced many of us to find a balance between being innovative and actually being present with family and friends. In my case, I didn’t understand how distracted I was until I committed to being more present with my family.
In fact, in the fall of last year, I began writing a book called De-implementation: Creating the Space to Focus on What Works (Corwin Press, 2022), because I was heavily concerned about the mental health of leaders and teachers. I was tired of hearing people say that well-being and mental health were just about giving teachers and leaders the opportunity to breathe. In my experience, mental health and well-being are about doing what you love but making time to spend time with those you love. Mental health and well-being is about doing things that are impactful personally and professionally and not spending energy on those things that waste our time, and that is what de-implementation is all about.
Van Bodegom-Vos L et al. (2017) says that de-implementation is the process of “abandoning existing low value practices.” Farmer RL, Zaheer I et al. (2021) suggests that low-value practices are those practices:
that have not been shown to be effective and impactful,
that are less effective or impactful than another available practice,
that cause harm, or
that are no longer necessary.
While researching the subject and writing the book, I began to suggest that there are two ways to approach de-implementation. Those are:
Partial reduction – What do we not need to do as much?
Replacement action – What can we get rid of because it doesn’t work, and what is something more impactful we can replace it with?
I also, through research and working with leaders and teachers, found that there are two types of de-implementation, which I suggest are:
Informal de-implementation – A team is not required, and this action can be taken immediately. One of the most popular suggestions was that of reducing the number of times we check email or deliver assessments to students.
Formal de-implementation – A team is needed to make this decision. An example could be replacing zero-tolerance policies with restorative-justice practices. For formal de-implementation, I created a de-implementation checklist and pacing chart and provided other samples that will help leaders and teachers formalize the process.
For full disclosure, every school team can find an initiative that they can focus on for the formal de-implementation process, but we need not wait for a team to engage in the informal de-implementation process. Every single day we wake up matters, and we should look at the time we do control and make sure that we are engaging in valuable actions during those times. In actuality, de-implementation is as much about how we implement as it is about what we need to suspend or get rid of because we found something more impactful. It is about finding the balance between work and home, and it certainly doesn’t mean we care less about our students and job. Instead, it means we want to take action to be more committed to our everyday lives. What I didn’t realize during writing the book is that I would once again learn how important work-life balance truly is because life is precious.
In the End
We often promise ourselves that we will slow down or that we will take more time to find the elusive work-life balance we always strive for as we get older. Unfortunately, we revert to old habits because we tell ourselves that if we work less, we must care less about our profession or the kids. I believe that the opposite is true, because I feel that when we have a better balance between home and work, we are more impactful in what we do. Stepping back allows us the time to focus on what matters, and that is good for our mental health and well-being.
During COVID, Frank, whom I am close with, had a massive heart attack, which scared us all. That emphasized for me that being home more was important because family will not always be around. Having lost our dad in 1982, we knew all too well how precious life is but somehow forgot as time went on. Thankfully, Frank is doing well now.
After writing the first draft of the de-implementation book, though, my mom passed away. It was the day before last Thanksgiving, and Trish, Frank, and I were there to say goodbye. Four months later, Trish passed away surrounded by family, including Frank and me. My mom and sister are two major reasons for any success that I may have, because they urged me to get an associate degree. I am the first in my family to get a college degree. I never let them forget how grateful I was to have had them in my corner.
As we approach this coming school year, don’t take for granted that family will always be there or that your mental health can take a backseat to something more important like your work. Don’t get me wrong. I loved being a teacher for 11 years, a principal for eight years, and coaching and running workshops based on my own work for the last eight years, but we will all be better at our work if we spend every day that we can connecting with family and friends and having a life, too.
Sat, 16 Jul 2022 23:26:00 -0500entext/htmlhttps://www.edweek.org/teaching-learning/opinion-find-whats-impactful-get-rid-of-whats-not-your-mental-health-depends-on-it/2022/07Killexams : The Return of Food: Poverty and Urban Food Security in Zimbabwe after the Crisis
Our systems have detected unusual traffic activity from your network. Please complete this reCAPTCHA to demonstrate that it's you making the requests and not a robot. If you are having trouble seeing or completing this challenge, this page may help. If you continue to experience issues, you can contact JSTOR support.
Block Reference: #83df3126-18a7-11ed-8b0c-766d6c55584b VID: # IP: 18.104.22.168 Date and time: Wed, 10 Aug 2022 12:25:26 GMT
Wed, 08 Jun 2022 23:18:00 -0500entext/htmlhttps://www.jstor.org/stable/j.ctvh8r2d7Killexams : Lithium stocks shine in June quarter on demand spike and supply pressures
The price of lithium has jumped more than four-fold over the last year, underpinned by a surge in the demand for electric vehicles (EV) worldwide along with increasing pressures on lithium supply.
Battery metals prices (2015 to July 2022).
Source: International Energy Agency analysis based on S&P Global.
Lithium demand is expected to rise from ~500,000 tonnes of lithium carbonate equivalent (LCE) in 2021 to about 3-4 million tonnes in 2030, according to a report by McKinsey & Company.
Over the next decade, McKinsey forecasts continued growth of li-ion batteries at an annual compound rate of about 30%.
By 2030, EVs, along with energy-storage systems, e-bikes, electrification of tools, and other battery-intensive applications, could account for 4,000 to 4,500 gigawatt-hours of li-ion demand.
The International Energy Agency (IEA) has highlighted the pressing need for massive investments in mining and processing of key battery raw materials if the highly likely scenario of an intense demand-supply mismatch is to be averted.
In the spotlight: ASX lithium stocks
With lithium demand outstripping supply, ASX lithium explorers, developers and miners have been hard at work attempting to find new sources of supply and generate higher production levels to meet market demand.
We will look at how some of these companies fared in the June 2022 quarter and what’s in the pipeline as the market heats up.
Core Lithium Ltd (ASX:CXO)’s development of the Finniss Lithium Project in the Northern Territory continues to run according to schedule with site activities now focused on the pre-strip needed to uncover ore and the erection of the DMS (dense medium separation) plant.
Last month, Core upgraded the Finniss Lithium Project’s mineral resource estimate and ore reserves by 28% and 43% respectively, extending the mine life of the project to 12 years.
The mineral resource now sits at 18.9 million tonnes at 1.32% lithium oxide, with a measured and indicated category of 13.3 million tonnes at 1.4% lithium oxide – a 61% increase to those classifications.
Core Lithium non-executive chair Greg English recently said: “Fully funded to first production, Finniss remains on track to ship first lithium by the end of this calendar year to herald Core’s arrival as Australia’s next lithium producer.”
Envirostream has quickly grown a national network of more than 700 accredited B-cycle drop-off locations with its partners supplying EOL (end-of-life) batteries.
During the quarter, Envirostream reported that it had established relationships with electric vehicle (EV) manufacturers in Australia seeking an EOL solution for their batteries.
Battery sorting line (left), conveyor (middle), and sorting bins (right) at Envirostream’s operation in Melbourne.
Lithium Australia’s subsidiary VSPC has selected global engineering and project delivery entity Lycopodium (ASX:LYL) to provide engineering support services for the definitive feasibility study (DFS) for a potential LFP manufacturing facility.
Successful completion of the DFS for an LFP manufacturing facility would signal a major step-up in production capacity for VSPC from its current R&D facility in Brisbane.
The company has confirmed the lithium potential at the Coal Creek prospect after a comprehensive data review and associated works revealed the widespread presence of lithium mineralisation within the historical Coal Creek drill core.
Chulitna Project – Coal Creek Prospect (outcropping granite with lithium mineralisation).
Discovery’s work is the first systematic assessment of a lithium project in Alaska with more than 5,000 metres of historical Coal Creek drill core available for assessment.
The company’s re-analysis work of the historical Coal Creek drill core stored at the Geological Materials Centre in Anchorage is currently in progress.
Lithium Power International
Lithium Power International Ltd (ASX:LPI) made strong progress during the June 2022 quarter, with the company entering agreements to consolidate 100% ownership of Maricunga Lithium Brine Project in Chile by way of a three-party all-scrip merger with its JV partners.
By holding 100% of the project, LPI will be able to rapidly advance the asset by simplifying decision-making and unlocking funding pathways as the company capitalises on the global shift towards the electrification of transport and infrastructure.
Importantly, during the reporting period, LPI also increased its tenement holding in Western Australia, with the largest ground coverage in the Greenbushes Region through the acquisition of CMC Lithium and its Greenbushes Project.
LPI also acquired two new tenements in the mineral-rich Eastern Goldfields of WA.
With plans to demerge the company’s West Australian lithium assets, these acquisitions further bolster the portfolio of Western Lithium (TSX:WLC) Limited, which LPI plans to list on the ASX later this year.
Astro Resources NL (ASX:ARO) entered the buoyant battery materials sector during the quarter, with the company successfully staking a number of highly-prospective lithium brine and clay claims in the Kibby Basin, Nevada.
The Kibby Basin is adjacent to several large-scale lithium development projects, including ioneer Ltd’s DFS-stage US$1.265 billion after-tax NPV Rhyolite Ridge Project.
Astro has also signed a letter of intent (LOI) to acquire an 80% interest in the world-class Georgina IOCG Exploration Project in the Northern Territory from Greenvale Mining Ltd (ASX:GRV), with highly regarded Greenvale directors and experienced battery minerals executives Neil Biddle and Tony Leibowitz to join the Astro board.
The forward exploration strategy for Georgina is designed to advance further prospects along the exploration pipeline for drill testing.
Work planned for the current year includes exploration drilling, geophysical surveying, and progressing the remaining tenement applications toward grant.
The company, which aims to be the first local lithium provider into an integrated European battery supply chain, revealed an accelerated-case NPV6 (net present value) of $862 million, based on the measured and indicated resource of 9.7 million tonnes at 1% lithium hydroxide.
EUR is advancing the project DFS which is expected to be completed in the fourth quarter of 2022.
The company is reviewing increasing inflation rates and unexpected high prices for consumables including energy and chemical reagents for integration into the final DFS.
Discussions are ongoing with UK Export Finance (UKEF) and Export Development Canada (EDC) to support ~70% of the total finance required for Kachi’s expanded production.
Meanwhile, Lake inked a non-binding deal with Ford during the quarter for the Automobile monolith to pick up roughly 25,000 tonnes of lithium every year from Lake’s Kachi asset as part of a strategic collaboration.
Kachi’s demonstration plant arrived in Argentina and is now on site and being assembled prior to commissioning following the construction of the facility housing the demonstration modules.
Lake is well-funded with a cash balance of A$173 million (US$120 million) as at end of the FY22 financial year.
Anson Resources Ltd (ASX:ASN) maintained its core focus during the June quarter on resource expansion drilling programs designed to deliver a significant resource upgrade at the Paradox Lithium Project in Utah, US.
This will support a DFS and the development of the project into a substantial lithium-producing asset.
Drilling during the quarter at the Long Canyon No. 2 well has delivered new, high concentrations of lithium and bromine from the Clastic Zones.
The high pressure, porosity and permeability are expected to deliver continual flow at the extraction well over the proposed life of mine at Paradox.
Tue, 02 Aug 2022 16:48:00 -0500entext/htmlhttps://www.proactiveinvestors.com.au/companies/news/989054/lithium-stocks-shine-in-june-quarter-on-demand-spike-and-supply-pressures-989054.htmlKillexams : Laredo Petroleum Announces Appointment of John Driver and Shihab Kuran to its Board of Directors
TULSA, OK, June 28, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced that John Driver and Shihab Kuran have been appointed as independent members of its Board of Directors (the "Board"), effective June 24, 2022.
Mr. Driver is a technology entrepreneur and innovator with leadership experience in large, public and privately-held multinational companies and early-stage startups. He currently leads Lynx Technology, a digital media technology company he founded through a management buyout of the multinational Connected Home operations of PacketVideo, a subsidiary of NTT DoCoMo. Previously, Mr. Driver served as Chief Operating Officer and Chief Marketing Officer of PacketVideo, co-founder and Chief Executive Officer of JoynIn and in senior leadership roles for Serena Software and Sun Microsystems.
Mr. Driver is currently an independent director of Broadway Financial Corporation and its wholly-owned subsidiary, City First Bank, N.A. Additionally, he serves as Chair of the Board of Trustees of the Fleet Science Center in San Diego and is a former Board Member of the San Diego YMCA Overnight Camps. He is actively involved with Stanford University, serving as former Chair of the Stanford Associates Board of Governors, a guest lecturer for Stanford&CloseCurlyQuote;s Department of Management Science and Engineering, is the former President of the Stanford Multicultural Alumni Club of San Diego and a recipient of the Stanford Governor&CloseCurlyQuote;s Award in recognition of exemplary and long-standing volunteer service. He earned a Bachelor of Science in Industrial Engineering from Stanford University and a Masters of Business Administration from The Tuck School of Business at Dartmouth College.
Mr. Kuran is an investor, serial entrepreneur and an energy industry executive. He is a proven leader in the development and scaling of advanced energy technologies, including solar, smart grid management, energy storage and Electric Vehicle ("EV") charging. He is currently Chief Executive Officer and founder of Power Edison, a company focused on providing innovative mobile energy storage solutions for the grid. Mr. Kuran is the founder and Executive Chairman of EV Edison, Inc., a company focused on the development of large scale EV charging hubs. Previously he founded Petra Solar, a pioneer of smart solar, combining solar energy and smart grid technologies, and developer of the world&CloseCurlyQuote;s largest solar electric project in 2009, and served as Director, President and Chief Executive Officer. Additionally, Mr. Kuran led strategic development and advanced technology initiatives at NRG Energy and SunEdison.
Mr. Kuran currently serves on the boards of NN, Inc., New York Energy Week and the advisory boards of the Charles Edison Fund and the Edison Innovation Foundation. He earned a Bachelor of Science in Electrical Engineering from the University of Jordan, a Ph.D. in Electrical Engineering from the City University of New York and is a Harvard Business School alumnus.
"We look forward to John and Shihab joining our Board," stated Jason Pigott, President and Chief Executive Officer. "Our Board continually seeks accomplished individuals with diverse experiences to enhance its collective skill set and bring unique perspectives to our business strategies. Our industry is highly technical and their backgrounds in the application of new technologies will be extremely valuable for our shareholders. Their experiences outside of the E&P business will enhance our ongoing efforts to employ digital technologies and leading-edge solutions to safely increase production, Excellerate margins and reduce emissions."
Laredo Petroleum, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Laredo's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin of West Texas.
Investor Contact: Ron Hagood 918.858.5504 email@example.com
Tue, 28 Jun 2022 09:06:00 -0500text/htmlhttps://stockhouse.com/news/press-releases/2022/06/28/laredo-petroleum-announces-appointment-of-john-driver-and-shihab-kuran-to-itsKillexams : X2O Media Achieves Learning Technologies Accreditation for X2O OneRoom from the Learning Performance Institute
MONTRÉAL, July 20, 2022 /PRNewswire/ -- X2O Media, an international provider of hybrid collaboration technology, today announces it has been awarded the status of Accredited Learning Technologies for its X2O OneRoom solution by the LPI (Learning and Performance Institute), the leading global authority on workplace learning and development.
X2O OneRoom technology is an immersive hybrid training platform that provides an engaging learning experience with a human element for in-room and remote learners. To achieve this accreditation, X2O OneRoom technology underwent a rigorous evaluation against a comprehensive set of KPIs developed by industry experts. The assessment included a review of the OneRoom product, the teaching and learning experience and product development roadmap.
Commenting on the accreditation, Edmund Monk, CEO of LPI said: "LPI accreditation is not only an independent validation of an organisation's quality, but also a statement of intent: that it will constantly improve, innovate and develop its portfolio to the benefit of its customers. I am proud to hear of X2O Media's outstanding achievement and look forward to working with them throughout the coming years as they seek to strengthen their position in the market. I have no hesitation in recommending X2O Media to prospective customers and partners as their accreditation proves they are an exceptional provider of learning technologies."
"At X2O Media we are passionate about developing hybrid and virtual learning spaces that meet the high standards and needs of our customers. We are proud to have our OneRoom solution endorsed by the LPI as it reflects our commitment to providing quality, immersive learning experiences," said Mansour Brek, President of X2O Media.
As part of the continued development of X2O OneRoom, X2O Media have also announced the latest release of OneRoom version 2.5 which introduces dynamic seating charts, anonymous polls/quizzes, and the evolution of breakout groups to provide an enhanced learning environment for hybrid learners.
Join an X2O OneRoom demo session and discover the interactive hybrid learning environment, or find out more about OneRoom on our website.
About X2O Media
X2O Media provides technology to build virtual collaboration solutions and unified visual communication solutions for higher education and corporations across the globe. The award-winning X2O Platform represents a new category of communication tools that improves how enterprises and learning institutions engage with their employees and students. X2O Media's collaboration technology has helped organizations like Nestlé, IMD Business School, HEC Montréal, FutureDJs and City of London Freemen's School set a new standard for hybrid meetings, training and learning.
X2O Media is part of the STRATACACHE family of digital media/marketing technology companies and is headquartered in Montréal, Canada with an EMEA office in the UK. For information, contact X2O Media at firstname.lastname@example.org and follow X2O Media updates on LinkedIn and Twitter.
STRATACACHE provides scalable customer experiences, empowering retailers to learn deeply about their customers' shopping preferences and behaviors, allowing for personalized shopper interaction. Our solutions deliver consumer activation at the point-of-decision, generating new sales opportunities and enhanced retail profitability. With 3.3 million+ software activations globally, we power the biggest digital networks for the world's largest brands. Across the STRATACACHE family of complementary digital media/ad tech solution companies, we have the technology, expertise, and track record to bring retail innovation that delivers results. Learn more about the STRATACACHE family at www.stratacache.com on LinkedIn and Twitter.
Established in 1995 as the Institute for IT Training, the LPI (Learning and Performance Institute) is now the leading authority on workplace Learning & Development. With a comprehensive range of membership, certification, accreditation, events, awards, networks and consulting, our mission is to promote the skills and professional status of individuals and organisations engaged in learning activities, and to provide practical solutions for business performance improvement through effective learning. Our unique focus is on learning efficacy; the demonstrable impact of learning on individual and organisational performance. The LPI is: self-determining, objective, vendor neutral, and determined to raise the standard and value of workplace learning.