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Libby Basin high conductive lithium brine concentrate, sonar drilling to commence. This Basin is only 120 miles from Tesla's Giga One.
There will be a lot of competition for this resource. BEA is in there like Flint. DRILL BABY.
@PamplonaTrader$ALB on potential M&A:
"It is important we invest for growth ... we now have a balance sheet that is ready to invest in the future of both lithium and refining solutions," he told investors.
"M&A will continue to play a role, but you should expect that we are looking at acquisition targets that support or accelerate our stated strategy."
Mr Tozier said acquisitions could be focused in several aspects of the lithium production chain, from processing and conversion assets to new lithium manufacturing technology.
But he said adding "one or more" extra lithium deposits to the company's portfolio was also a possibility.
"With the tremendous amount of activity and identifying viable resources in the marketplace, there's the potential for us to buy into one or more of those resources," said Mr Tozier.
Albemarle named several Australian lithium aspirants in a slide that ranked the asset quality of the world's lithium mines.
The ASX-listed companies mentioned in the presentation included Orocobre, Pilbara Minerals, Galaxy Resources, Neometals, Altura, Kidman and even Rio Tinto for its Jadar project in Serbia.
While the rankings were designed to illustrate the superiority of Albemarle's lithium deposits, it implied the next best combination of scale and grade in spodumene mining would be found in Pilbara's Pilgangoora development project and the Mount Marion mine owned by Mineral Resources, Neometals and Chinese company Jiangxi Ganfeng.
Both those deposits are in WA, with Pilgangoora expected to be commissioned before Christmas.
Read more: http://www.afr.com/business/mining/albemarle-flags-ma-australian-lithium-expansion-20170318-gv1a2x#ixzz4bn7VQaq3
@GoldfingerToday was a day of outside reversals, all over the place in almost every sector. $LIT bearish outside reversal after opening at new 52-week high, we can even start whispering about a double-top... http://cdn.ceo.ca/1cd3n4n-LIT_Daily_3.21.2017.png+ $26.50 support will be important, $lithium sector leader $ALB also printed bearish outside reversal but volume was relatively light on these sell-offs so I will be looking for confirmation over next couple of days. One day does not make a trend.
@GoldfingerA daily close above C$.25 in $ION would confirm that this thing has put in a multi-month bottom, initially targeting C$.40-C$.50 area: http://cdn.ceo.ca/1cd7qeq-ION.V_1_year.png+
Despite the fact that skeptics say ION is looking for $lithium in the wrong places and the integrity of Mexican salars are in question, there has been significant accumulation in this stock in the last month.