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Technology Metals Australia Limited (ASX:TMT) – Ian Prentice

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The CEO Mindset - Ian Prentice, Managing Director Of Technology Metals Australia Limited (ASX:TMT)

Ian Prentice is the Managing Director of Technology Metals Australia Limited (ASX:TMT), a mining company in the exploration and development of its World Class high grade Gabanintha Vanadium project in Western Australia.

What’s your journey in becoming a CEO?
I am a Geologist by training, having studied at the University of Western Australia, and spent the first 10 years or so of my career as a field geologist across exploration and mining throughout Australasia. I then pivoted into the financial markets, where I spent 7 years as a sell side Mining Analyst in the equity capital markets. This experience was the foundation for my transition into management roles in the Mineral Exploration and Development sector, with my first role as the founding Managing Director of a gold developer that we listed on the Australian Securities Exchange.

Tell us a bit about your business and how you are commercializing?
Technology Metals Australia Limited (ASX:TMT) is an Australian Securities Exchange mineral exploration and development company based in Perth Western Australia. We listed TMT in December 2016 with the aim of progressing the development of our flagship Gabanintha Vanadium Project (GVP) located in the mid-west of Western Australia, about 700km north east of Perth. GVP was a relatively early stage exploration play when we listed which we have now taken through a number of exploration and resource definition drilling phases, generating one of the World’s highest-grade large-scale vanadium resources. We completed a PFS on GVP in June 2018, only 18 months from listing, and then progressed through to delivery of a high-quality Definitive Feasibility Study in August last year, demonstrating a lowest quartile operating cost project. The focus now is building on customer relationships to establish binding offtake agreements, heavily supported by a development project in the World’s best mining jurisdiction and pilot scale testwork demonstrating one of the highest purity vanadium pentoxide products on the market. In parallel with this work we are also focused on establishing the project finance mix to rapidly progress the development of the GVP to be the next primary vanadium mine in the World.

How are you managing with the current COVID-19 pandemic on both business and personal front?
On the business front we moved quite quickly to remote working arrangements, with the team staying engaged via regular video conferencing, and immediately put in place a range of cost reduction measures to ensure balance sheet strength through the period of disruption. We are fortunate that we completed the complex work streams involved in the Definitive Feasibility Study in 2019, so the level of field and laboratory work required has greatly diminished. Our focus on progressing the commercial discussions is continuing apace via teleconference and video communication platforms, which is achievable largely due to the relationships we have built with counterparties over the past two years when I have been doing a lot of travel to conduct those all important relationship building face-to-face meetings. Personally I have adjusted to working from home quite well, keeping in regular contact with the team and other stakeholders via online platforms, modifying my daily exercise routine to offset the fact that my local swimming pool has closed and even getting a few of the jobs done around the home during our weekends in isolation.

What’s the most exciting thing about running your business?
Establishing a team of highly skilled professionals and then working collaboratively with that team to progress the GVP from that early stage exploration project to completion of a high quality Definitive Feasibility Study on one of the highest grade, largest scale, lowest operating cost vanadium development projects in the World in a little over two and a half years. This has now got us to the starting line for what is going to be a hugely exciting period of time as we finance and then develop the next primary vanadium mine in the World. Building on the team to deliver on that promise is a very exciting proposition.

How do you measure success?
Success in my view is all about delivery. Delivering on our collective vision, delivering on the growth potential of individuals within the team, growing the value of our underlying business and ultimately contributing to the society in which we live and work. The GVP is located in a remote part of Western Australian close to the regional town of Meekatharra – ultimate success for me is the development of a profitable mining project that generates returns for our shareholders, provides our employees and contractors with a safe, rewarding workplace that they take pride in but most importantly generates long term meaningful social and economic benefits for the community in which we operate.

What do you think is the most important quality of being a CEO of a listed company?
In my view successful management is all about communication. So whether you are CEO of a listed company or the president of the local sporting club how you communicate to all of your stakeholders is of paramount importance. Achieving “buy-in” is incredibly important and that starts and ends with communication.

What is your favourite book?
Early on in my TMT journey I was at a vanadium conference in Wuhan, China and was recommended a book called Mr China by Tim Clissold – an Englishman who spent sixteen years travelling, working and investing in China. A great read to explore the emergence of China as one of the World’s economic powerhouses and how a “foreigner” came to develop an understanding of the Chinese culture and business practices. From a more recreational point of view I have just finished reading Jeffrey Archer’s seven volume The Clifton Chronicles, following the trials and tribulations of a range of families as they navigated there way through the twentieth century.

What message do you want to send to our readership in Asia?
Technology Metals is at a really exciting time in its emergence as a vanadium producer in a period when vanadium demand growth has been steadily outpacing supply, driven by growth in consumption in the traditional steel market but also underpinned by the exciting emergence of the vanadium redox flow battery (VRFB) market. As the World progresses to more and more green energy solutions, effective, affordable and sustainable energy storage will become crucial and VRFB is going to be a key player in that revolution. GVP will be a low cost producer of the high purity vanadium required for VRFB deployment and when developed will be just the fourth “primary” vanadium mine in the World.

How can people connect with you?
Email:
ian@tmtlimited.com.au
Technology Metals Australia Website: https://www.tmtlimited.com.au/

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Materials

Is EMH set to supply clean lithium to the EU?

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Is EMH set to supply clean lithium to the EU?

European Metals Holdings Limited (ASX:EMH; AIM:EMH; NASDAQ:ERPNF) is currently developing the fully integrated Cinovec lithium, tin, tungsten deposit located in the northern Czech Republic.

This is the largest hard rock lithium resource in the European Union.

EMH provides a compelling play in the green energy materials sector, particularly given the location of its Cinovec Project, which is not only strategically positioned in terms of its potential client base, but also benefits from being situated in a mining friendly jurisdiction.

The location is also prime real estate in the electric vehicle (EV) revolution.

The EU is rapidly switching from petrol transport to EVs, as part of the “European Green Deal” which plans to make Europe carbon neutral by 2050.

€750BN has been allocated to generous EV subsidies, alongside penalties for CO2 emissions.

This transition in energy consumption and use has become a key driver of the need for a local source of lithium.

The EU currently has no local supply and requires imports from China and South America.

A significantly sized lithium industry is about to emerge in the EU, with EMH well placed to capture a significant portion of this market share.

The EU is aiming for 80% local lithium production by 2025.

EMH’s Cinovec project is located in the northern Czech Republic, in the epicentre of over a dozen new and planned lithium-ion battery factories, on the doorstep of dozens of potential customers.

Geomet s.r.o. controls the Cinovec project’s mineral rights and is owned by EMH (49%) and CEZ (51%).

CEZ is the seventh largest European Union power utility by customers and the tenth biggest by market cap (US$13 billion), domiciled in the Czech Republic.

The Czech Republic Government is CEZ’s largest shareholder with a 70% stake in the group.

CEZ has a balance sheet of €28 billion, and a clear strategic need to ensure EMH’s project moves into production.

EMH intends to supply a minimum of 25,267 tpa of lithium hydroxide or 22,500 tpa of lithium carbonate over the long term.

About the Cinovec Project

The Cinovec deposit is covered by three Exploration Permits and three Preliminary Mining Permits (PMP) that cover a combined area of nearly 19 square kilometres.

EMH’s strategy is to combine the three permits and progress the mine permitting and environmental studies that will support the proposed definitive feasibility study (DFS).

As illustrated below, Cinovec is by far the largest hard rock lithium project in Europe.

The deposit also contains a globally significant tin resource, and this is fully funded through to Final Investment Decision, expected early 2022.

The Cinovec deposit is covered by three Exploration Permits and three Preliminary Mining Permits (PMP) that cover a combined area of nearly 19 square kilometres.

EMH’s strategy is to combine the three permits and progress the mine permitting and environmental studies that will support the proposed definitive feasibility study (DFS).

In short:

Cinovec hosts a hard rock lithium deposit with:

  • a total Indicated Mineral Resource of 372.4 million tonnes at 0.45% Li2O and 0.04% Sn and
  • an Inferred Mineral Resource of 323.5 million tonnes at 0.39% Li2O and 0.04% Sn.

The deposit contains a combined 7.22 million tonnes of Lithium Carbonate Equivalent and 263kt of tin.

An initial Probable Ore Reserve of 34.5 million tonnes at 0.65% Li2O and 0.09% has been declared to cover the first 20 years mining at an output of 22,500 tonnes per annum of lithium carbonate.

Could EMH meet supply demands?

Independent industry analyst Roskill is expecting demand for lithium next year to increase significantly with carbonate to reach 165,000 tonnes LCE, up from 139,000 tonnes in 2020, while demand for hydroxide should total 132,000 tonnes LCE.

EMH expects to commence production in 2024 as the supply/demand dynamics for the battery grade hydroxide market look set to drive prices higher.

The demand side of the equation will be driven by an increase in CO2 compliance in the European Union that will commence in 2025.

The European Union is committed to investing 550 billion Euro in climate change initiatives between 2021 and 2027.

Of further significance for EMH is the goal of becoming self-sufficient in terms of lithium production, and by 2025 regulatory bodies are aiming for 80% regional production.

Further initiatives include the establishment of a 40 billion Euro Just Transition Fund aimed at assisting in the transition from fossil fuels to green energy.

High profile end-users such as Tesla, Samsung and Volkswagen are already on the move, and they are at various stages of increasing/adapting capacity to cater for an uptick in demand for electric vehicles and the broader power storage sector – note Cinovec’s central proximity to its potential clients.

European Metals could become a compelling play in the green energy materials sector, particularly given the location of the Cinovec Project and its strategic position in terms of its potential client base.

A focus on ESG

While ESG is focused on delivering a sustainable lithium product to the European market, it is also doing its ESG (environmental, social, governance) credential no harm.

EMH has adopted a set of ESG metrics and disclosures as released by the World Economic Forum (WEF) and is reporting their quarterly progress on ESG metrics.

The single roast, low heat process outlined in the PFS minimises the use of power, and a combination of recycled water and the use of benign reagents adds up to environmentally friendly production.

The application of EMH’s process also provides the company with options to produce battery grade lithium carbonate or lithium hydroxide, opening up multiple markets and which translates to client diversification.

What to expect

There are several potential share price catalysts that could help the company re-rate in the near to medium-term.

This includes the completion of a definitive feasibility study (DFS) which should occur in the next 12 months.

With EMH sending samples to potential customers in 2021, there is the likelihood of end users negotiating offtake agreements, particularly given that analysts are already predicting supply constraints.

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Materials

Q&A With StockPal – Volt Resources (ASX:VRC)

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Q&A with StockPal - Trevor Matthews, Managing Director of Volt Resources (ASX:VRC)

Watch Trevor Matthews, Managing Director of Volt Resources (ASX:VRC) explains about its business and its recent successful capital raise of AUD 3.65 million in February 2021.

0:14​ – What is Volt Resources all about?

2:01 – How did your company cope during the COVID-19 pandemic?

4:40​ – Having just successfully completed a capital raise, how would it be used on the projects that you are currently working on?

8:16 – What is your target timeline for production?

9:51​ – What is your firm’s competitive advantage?

12:25​ – How are you currently engaging with investors and what should they be looking forward to?

Visit Volt’s website to learn more about their story: https://voltresources.com/

Email editor@stockpal.asia if you are or represent a listed-company and is keen to be in our interviews.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

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Materials

Q&A With StockPal – Theta Gold Mines (ASX:TGM | OTC:TGMGF)

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Q&A with StockPal - Bill Guy, Non-Executive Chairman of Theta Gold Mines (ASX:TGM | OTC:TGMGF)

Watch Bill Guy, Non-Executive Chairman of Theta Gold Mines (ASX:TGM | OTC:TGMGF) explains about its gold mines exploration plans in South Africa given their recent investment in Jaggards, DigitalX and Aura Group-backed Bullion Asset Management of Singapore.

0:11 – What is Theta Gold Mines all about?

0:38 – How did your company cope during the COVID-19 pandemic?

1:32 – What are the current ongoing projects and the timeline for production?

2:01 – What is your firm’s competitive advantage?

2:52 – How are you currently engaging with investors and what should they look forward to?

Visit Theta Gold’s website to learn more about their story: http://thetagoldmines.com/

Email editor@stockpal.asia if you are or represent a listed-company and is keen to be in our interviews.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

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