Coffee with Samso Episode 157 is with Julian Ford, CEO of Riversgold Ltd (ASX:RGL).
The lithium sector has been red hot the last two years and all evidence are pointing to another long bull run. The narrative of the supply shortage of lithium is gathering pace and even I am on the band wagon now.
One of the most important point that readers need to understand is that lithium in an economic deposit is not easy to locate. In my opinion, in the immediate short to medium term, two things will happen. First is that the price of lithium will go significantly higher. The second is that the demand and the pricing will drive more exploration for lithium. The need to find more will be a driver for more exploration activities in Western Australia and Australia.
Canada and the United States will see more activity as well, but I sense that the activity here in Australia will be the major player. Hence, there is a need for investors to understand how this will happen. What the oncoming results mean will be critical.
In this episode of Coffee with Samso, I have Julian Ford sharing with us his take on the industry. I wanted Julian to give us a good understanding of what the companies are doing, how they are doing it and what the results mean in the scheme of finding the motherlode or the Holy Grail.
As you watch the episode, I hope you take what Julian is sharing as a way to view the landscape of the business. Julian gives us a good review of how Riversgold is exploring and why they have high hopes for their Pilbara projects. I mentioned that there is not much knowledge about how to find and where to find the infamous LCT pegmatites as the search for these pegmatites has only been two to three years old.
As an exploration geologist, I used to wander the wilderness in search for boring things like alteration in rocks, sharing, quartz veins...etc. That was my favorite past time. Exploring was an exciting activity for me. You just never know what you may find. Sometimes you see lots of pegmatites and they are famous as pretty crystals of tourmaline.
Who would have thought that these pegmatites will one day have more value than just being pretty tourmaline crystals?
Take some time, listen to the episode and use the information as part of your DYOR process.
Chapters:
00:00 Start
00:20 Introduction
01:14 About Julian and Riversgold.
02:55 Is West Australia the place to be for lithium?
04:51 Rundown on Riversgold projects.
07:49 The business of lithium.
16:31 Are pegmatites the beneficiating system?
20:06 The effectiveness of geophysics.
22:17 LCT model.
23:50 Looking for pegmatides.
25:32 Percentage of pegmatides that are LCTs.
27:38 How to evaluate a project?
30:56 Are shallow drilling pegmatides the norm?
32:04 More underground mines as time progresses?
33:36 Riversgold Board.
34:45 The lithium market.
37:10 News flow.
39:33 Why Riversgold?
40:48 Conclusion
PODCAST
About Julian Ford - Chief Executive Officer
Mr Ford has 30+ years experience in the mining industry with global experience including Australia, Africa, South East Asia and South America. Mr Ford has held senior positions within several major resource companies including Alcoa (NYSE:AA), British Gas, Western Metals (ASX:WMT) Limited. Since 2004, Mr Ford has focused on managing a number of successful start-ups, including transitioning a number of these from concept/exploration to production.
Mr Ford holds a degree in Chemical Engineering from the University of Natal, a Bachelor of Commerce from the University of South Africa and a Graduate Diploma in Business Management from the University of Western Australia. He has been a member of the AusIMM for 20 years.
About Riversgold
Riversgold Ltd (ASX:RGL) is an ASX-listed exploration company focused on discovering and developing large lithium systems in the world-renowned Pilbara and Yilgarn cratons of Western Australia.
In early 2022, the Company acquired a suite of four lithium-prospective exploration tenement applications covering 164km2 in the Pilbara region. The key Tambourah Project is underexplored and has the potential to host a major lithium-caesium-tantalum system much like the nearby Pilgangoora and Wodgina deposits.
Further, the Company has acquired a tenement package of 292km2 prospective for lithium in the Southern Cross-Marvel Loch region of Western Australia as well as securing an option to acquire 80% of tenement E77/2784 immediately to the east of the globally significant Mt Holland lithium project in the same region.
The Riversgold portfolio also offers strong exposure to gold and nickel through its large landholding at the Kurnalpi Project in the Yilgarn.
Please let Samso know your thoughts and send any comments to info@Samso.com.au. Remember to Subscribe to the YouTube Channel, Samso Media and the mail list to stay informed and make comments where appropriate. Other than that, also feel free to provide a Review on Google (NASDAQ:GOOGL).
For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au
About Samso
Samso is a renowned resource among the investment community for keen market analysis and insights into the companies and business trends that matter.
Investors seek out Samso for knowledgeable evaluations of current industry developments across a variety of business sectors and considered forecasts of future performances.
With a compelling format of relaxed online video interviews, Samso provides clear answers to questions they may not have the opportunity to ask and lays out the big picture to help them complete their investment research.
And in doing so, Samso also enables companies featured in interviews to build valuable engagement with their investment communities and customers.
Headed by industry veteran Noel Ong and based in Perth, Western Australia, Samso’s Coffee with Samso and Rooster Talk interviews both feature friendly conversations with business figures that give insights into Australian Stock Exchange (ASX) companies, related concepts and industry trends.
Noel Ong is a geologist with nearly 30 years of industry experience and a strong background in capital markets, corporate finance and the mineral resource sector. He was founder and managing director of ASX-listed company Siburan Resources Limited from 2009-2017 and has also been involved in several other ASX listings, providing advice, procuring projects and helping to raise capital.
He brings all this experience and expertise to the Samso interviews, where his engaging conversation style creates a relaxed dialogue, revealing insights that can pique investor interest.
Noel Ong travels across Australia to record the interviews, only requiring a coffee shop environment where they can be set up. The interviews are posted on Samso’s website and podcasts, YouTube and other relevant online environments where they can be shared among investment communities.
Samso also has a track record of developing successful business concepts in the Australasia region and provides bespoke research and counsel to businesses seeking to raise capital and procuring projects for ASX listings.
Disclaimer
The information contained in this article is the writer’s personal opinion and is provided for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full disclaimer.