Next Investors logo grey

On the heels of JORC upgrade, ABR ramps things up at Fort Cady

Published 20-FEB-2018 12:25 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

American Pacific Borate and Lithium (ASX:ABR) has today updated the market on its progress advancing its 100 per cent owned Fort Cady Borate and Lithium Project in Southern California, USA.

Recently, ABR delivered a significantly upgraded JORC Mineral Resource Estimate for Fort Cady, increasing both tons and grade. The project resides in a highly prospective area for borate and lithium mineralisation. It is a highly rare and large colemanite deposit, with substantial lithium potential and is the largest known contained borate occurrence in the world not owned by the two major borate producers Rio Tinto and Eti Maden.

american pacific fort cady project

Overall, progress so far has been excellent, with ABR moving rapidly to advance onsite pilot plant testworks, enabling completion of its boric acid definitive feasibility study (DFS).

This puts ABR on track to complete the DFS early in the second half of the year. As part of the drilling program, one of the boreholes was converted into a test well for the purpose of reconfirming the in-situ mining ability of the ore body, noting 17 wells were created and extracted from in-pilot plant operations in the 1990s and 2000s.

Importantly, infrastructure within the pilot plant area is being added and upgraded to ensure the safety of all personnel assisting with the project. These upgrades will be beneficial to the construction of the initial commercial-scale operations.

Lithium testworks are also progressing well, with the third stage having been completed.

Because of its ability to quickly define a JORC-compliant Resource and completion of the initial scoping study, both of which were released in the fourth quarter of 2017, ABR has engaged potential strategic partners. The discussions relate to plans to optimise delivery of detailed engineering, plant and construction finance, debt and equity financing, product development, and, ultimately, offtake of its boric acid.

These initial discussions are progressing positively, and have increased ABR’s confidence in the strong demand for boric acid.

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

In further pleasing news, ABR has also employed a new environmental manager, Cindi Byrns, and expects to soon appoint two additional engineers based in Apple Valley in anticipation of upcoming works.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.