- The G7 group has pledged to transition to a carbon neutral economy by 2050 or earlier. This brings to the fore the importance of battery metals, which are crucial for renewable power generation and EV adoption.
- Arcadia was listed on the Australian Securities Exchange (ASX) on 25 June 2021. The company got listed after the successful subscription of Chess Depository Interests worth up to AU$6.4 million at an issue price of AU$0.2 a unit.
- Arcadia owns a highly prospective portfolio of battery metals projects.
Thanks to the ongoing pandemic, renewable energy sources and electric vehicles have gained significant traction. During the pandemic-induced lockdowns, the residents of even the most polluted cities across the globe got to breathe fresh air, further spotlighting the detrimental effects of fuel-guzzling vehicles on climate change.
US president Joe Biden led the Leaders’ Summit on Climate Change in April announcing ambitious carbon emissions goal. All nations from the G7 group have now pledged to transition to a carbon neutral economy by 2050 or earlier. Further, some of these countries have also strengthened their 2030 targets, acknowledging climate change as a real issue. The emission reduction would be spearheaded by one of the largest contributors of emissions, energy and transportation.
Children during a strike for climate change in Sydney Source: © Esmehelit | Megapixl.com
The global transition to cleaner and environment-friendly power and mobility solutions is picking up pace. As per the Australian energy and resources quarterly March edition, the sales of the electric vehicles are slated to grow from 3 million to over 26 million units by the year 2030. These electric vehicles will require an enormous level of supply of battery metals including Lithium, Nickel, Copper and others.
While the electronics and battery giants scramble to grab new supply, both brownfield and greenfield projects are important to ensure reliable supply for the future. Let us look at a premium exploration and development company that aspires to be the next big producer of lithium and other battery metals.
Arcadia: Battery Metals Player getting ready for the big league
Arcadia Minerals (ASX:AM7) is a Guernsey-based diversified mineral exploration and development company, focusing on the mining jurisdiction of Namibia. On 25 June 2021, Arcadia was listed on the Australian Securities Exchange (ASX). The company was listed after successful subscription of Chess Depository Interests worth up to AU$6.4 million at an issue price of AU$0.2 a unit.
AM7 owns a highly prospective suite of mineral projects including battery metals (Nickel, Lithium, Copper), tantalum and gold exploration project in Namibia. The company’s portfolio includes:
- Swanson Project – Advanced stage tantalum and lithium project with early development potential
- Kum-Kum Project – prospective for nickel, copper, and platinum group elements.
- Karibib Project – prospective for copper and gold
- Bitterwasser Project – prospective for lithium-in-brines and lithium-in-clays.
Source: Arcadia Minerals Presentation
Swanson advanced tantalum/lithium project: The project stretches over the prospecting licence EPL 5047 in southern Namibia. The mining project is located in proximity to AIM-listed Kazera Global PLC, which runs the tantalite mining operation. The Swanson combination project holds a potential for an early cash generation.
Kum-Kum Nickel–Copper-Platinum Group Elements (PGE) Project: The Kum Kum project stretches over two Exclusive Prospecting Licences (EPLs) – EPL 6940 and EPL 7295 – and the Tantalite Valley Igneous Complex mafic and ultramafic mineralised area.
Over three underexplored mafic complexes have been delineated with the potential for magmatic-hosted Ni-Cu-PGE massive sulphides. Historically, the project has been drill tested to a depth up to 200m which resulted in -
Ni: 0.21% – 0.58% over mineralised widths of up to 30m
Cu: 0.30% – 0.50% over mineralised widths of up to 30m
Surface sampling: 4.62 % Ni and 6.3 % Cu l PGE: 0.51g/t - 1.03 g/t
Karibib Copper Silver Project: The Karibib Project stretches over the Exclusive Prospecting Licence, EPL 4663, which covers some 40,986 ha in the Erongo District of central Namibia. A massive regional structure of length 20km and width 1-2 km has been identified at the project site.
The outcomes of the samples at the project resulted in –
Gamikaubmund - 12 grab samples with highest grades of 3.89% Cu, 36.4 g/t Ag, 1.79 g/t Au & 1.05% WO3
Gamikaub - 8 channel samples with grades up to 4.1% Cu, 252 g/t Ag, 0.8 g/t Au & 0.3% WO3
Bitterwasser Lithium Project: The Bitterwasser lithium brine project stretches over exploration licences, EPLs 7614, 8101, 8102, 8103 and 8104, in the Hardap Region of southern- central Namibia. The project covers an area of over 343,894 hectares.
Source: Arcadia Minerals Presentation
With the ASX listing under its belt, Arcadia now plans to commence exploration activities at its portfolio projects soon. The strong portfolio of battery metals projects is set to help Arcadia emerge as the next big potential supplier of battery metals like Lithium, Nickel and Copper.