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Iconic Minerals Ltd. (ICM.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1900-0.0100 (-5.00%)
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  • S
    Just in case some folks had missed a previous post, this's short video sum up the company and their plans going forward:
    Iconic Minerals CEO: Bonnie Claire Project is the Largest Lithium Resource in North America
  • V
    Pretty awesome news today! Iconic owns 100% interest in this project compared to Nevada Lithium who owns 20% with an Option to acquire an additional 30% interest, for a combined 50% interest in the Project.

    Average annual production of 32,300 tonnes of lithium!!!!! Whatever math you do, this is verrrrry goood! Canadian companies are always a bit under the radar! Share the good news in your network!

    A PEA is not a small thing... this is the start of something big! This is a deal at that entry price!
  • S
    This company is way undervalued comparing its peers - IMO
  • S
    Nice to see some upward movement, the pea is a significant milestone, huge value in the project, long way for share price to go yet
  • S
    Pea news

    The economic model used in the PEA only covers the first 40 years of production. GRE has the following conclusions from the modelling.
    • Average annual production of 32.3 million kg (32,300 tonnes) of LCE

    • Cash operating cost of $5,974/tonne LCE

    • All-in sustaining cost of $6,057/tonne LCE

    • A $1.5 billion after-tax Net Present Value (NPV) at an 8% discount rate

    • A 23.8% after-tax Internal Rate of Return (IRR)

    • Payback period of 6.7 years

    • Break-even price (0% IRR) of $6,545/tonne LCE
    GRE found positive economics using borehole mining and recovery of lithium carbonate after thermal treatment and hot water leaching. GRE stated the following:
    "The Project economics shown in the PEA are favorable and robust, providing positive NPV values at varying lithium carbonate prices, capital costs, and operating costs."
  • X
    Got in just in time! I think I'm gonna have a nice Christmas this year!
  • A
    Sellers should at least raise the ASK a bit! Don't leave it at the same price than the actual stock price! You are giving buyers too much of a good deal.... Raise it!!! lol! ;)
  • J
    @Sitha 100% agree this is undervalued.
    This will climb in the next few weeks or maybe two months.
    But for sure it will climb!
  • S
    Cant believe we are only @ 30 million mcap, presumably will take time for this news to filter through the market
  • J
    Halted , perhaps PEA day!
  • M

    03:35 = They are contacted by the big players
  • S
    big boys garbling up juniors yet people are selling
  • S
    PEA must be due any time now I would think, I imagine the project valuation will be of magnitudes higher than the current market
  • J
    Iconic Announces Accelerated Development Towards Lithium Production Through Receipt of Initial JV Funding

    Vancouver, British Columbia--(Newsfile Corp. - February 12, 2021) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") announces that the Company has received additional Phase I funds totaling CAD $1,200,000 (USD $940,000) (the "Funding") to date from its joint venture partner Nevada Lithium Corp., ("Nevada Lithium") towards receiving its right to earn 20% interest in the joint venture interests on the Bonnie Claire Property (the "Property").

    Richard Kern, Iconic's President and CEO, stated, "This funding provided by Nevada Lithium will help Iconic move Bonnie Claire forward at an accelerated pace toward production."

    Iconic, through its wholly owned subsidiary, Bonaventure Nevada Inc. ("Bonaventure") granted Nevada Lithium the option (the "Option") to earn up to a 50% interest in the Bonnie Claire lithium property located in Nye County, Nevada (the "Property"). Pursuant to the Option Agreement, Nevada Lithium may exercise the Option in three stages by funding USD $5,600,000 in cumulative exploration expenditures on the Bonnie Claire Property on, or before October 1, 2021 (See the news release dated December 15, 2020).

    With this additional funding, Iconic has initiated the Joint Venture Phase I Exploration program for the completion of its Preliminary Economic Assessment (PEA) on the Property, of which Global Resource Engineering Ltd. (GRE) of Denver, Colorado has been retained to complete the PEA.

    This initial Funding will allow the Company to conduct the following work on the Property:

    Additional resource definition drilling;
    Additional detailed metallurgy;
    Completion of PEA;
    Initiation of Plan of Operation;
    Update NI 43-101 Technical Report and;
    Bulk Sampling.
    Bonnie Claire Property

    The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat have included lithium values as high as 2550 ppm Li and a 1560 foot (roughly 475 meter) vertical intercept that averaged 1153 ppm Li. The current 43-101 report on the project notes that, with a cutoff grade of 600 ppm Li and average grade of 1,027 ppm Li, one square mile contains an inferred resource of 5.025 billion kilograms Li (though this is a resource, not a reserve, and has not yet proven economic viability). The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 74 km2 (28.6 mi2) with potential for brine systems and further sediment resources.

    Qualified Person

    Richard Kern, Certified Professional Geologist, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of Iconic.
  • J
    Awesome news today!! Hold on tight we're going up fast

    Iconic Announces TSX Acceptance of JV Lithium Option Agreement and Initial Funds Advancement
  • J
    How soon before results are posted. Seems like we have been waiting for an eternity.
    The potential here is massive absolutely massive.
  • R
    Sleeping Giant!!🚀
  • J

    Just look at their inferred resources (yes, I know, inferred is the keyword here) compared to other companies. Lots of potential here. $SX has risen like crazy today already. 2021 might just be the year of lithium.
  • M
    They will have a huge contract with an EV-company
  • r
    Lithium project in Nevada right beside Tesla and you people are selling this here 😂 thanks for the cheapies