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IronRidge Resources (DGR 26%), page-91

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    CEO Vincent Mascolo has stated that the IronRidge lithium licences are closer to port than any others in the entire continent of Africa. It's a bold statement.


    I took some time to check this out. After all, transport costs can be expensive. Looking at a medium volume mining operation producing 200,000tpa spodumene concentrate, trucking costs for a 1000km journey can add $7.5m - it's about 5% of revenue at current spodumene prices.


    Turns out that VM is spot on and there are some pretty big numbers here. Just need a respectable resource and IronRidge could one day have one of the most economical lithium operations in Africa! 


    https://hotcopper.com.au/data/attachments/1361/1361335-8492a91884770884f5543af9567cf0e9.jpg

 
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