A real Birthday present for Firering?
“…The core has been sent to the laboratory in Australia, and the assay results could be returned in time for Firering’s one year birthday. The board hopes what they reveal will be worthy of a celebration…”
It’s coming up to the one year anniversary of Firering Strategic Minerals listing on the London stock exchange.
Since then the company has been quietly achieving the milestones it outlined in its IPO prospectus which was to put the Ivory Coast on the world map of strategic and critical minerals.
The company has completed the Phase 1 diamond drill programme on its flagship Atex Lithium-Tantalum Project in Côte d’Ivoire which showed visible observations of lithium mineralisation in 18 out of 19 drill holes.
The core has been sent to the laboratory in Australia, and the assay results could be returned in time for Firering’s one year birthday. The board hopes what they reveal will be worthy of a celebration.
Neil Herbert is the company’s senior independent non-executive director and was one of the first investors in the project. He knows the industry and the area, and in his role as chairman of Atlantic Lithium he is overseeing the Ewoyaa Lithium Project as it strives to become West Africa’s first lithium-producing mine.
So he has reputable regional reference points, and as to Firering’s Atex project he is cautiously confident. “I wouldn’t want to underestimate the value of this project. Obviously, it’s very modestly valued today. It may be relatively early stages, but here we are, we’ve completed drilling, and we have initially very good results from those. So, let’s see what we can do.”
Both he and Cohen are pragmatic about timelines going forward. Cohen is determined to maintain the speed at which he has advanced the initial business plan so far. Herbert is calculating timescales all things being considered and if all goes well. “So the next big step here would be to push out our exploration campaign and then move on to initial mineral resource, which we would do over the next year to 18 months.”
That year and a half will fly by, and Firering knows that the electric vehicle revolution, which is ousting the combustion engine, will still be fuelling the insatiable demand for lithium that the company is hoping to provide.
Listen to Neil and Yuval tell Sarah Lowther about the swift payback on a lithium mine at today’s critical mineral prices and how the company sits within the EV revolution.
Footage of lithium mineralization taken by Firering’s technical advisor Marc Struik
Watch Yuval and Neil presenting the business case to Five Minute Pitch TV
Access the company’s latest Atex-Alliance Auger and Soil Sample Results
Follow the company on Twitter @FireRing_SM
The author was remunerated but does not hold shares in the company