DESCRIPTION: Rodinia Lithium is a Canadian mineral exploration company with a primary focus on lithium. The company, with assets in Nevada and Argentina, is positioned to capitalize on the expected increased demand for lithium carbonate projected to result from the imminent mass adoption of lithium applications like lithium-ion batteries and other green technologies.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Buoyed by the strong results seen in the phase II sample results. . .at their Salar de Diablillos lithium-brine project in Argentina, Rodinia Minerals has today announced it will be undertaking C$5M in equity financing, predominantly to be used in the advancement of Diablillos. The company will be offering 16.7 million shares at a price of C$0.30, for a gross offering of C$5,010,000. . .raising this C$5M will give Rodinia the capital they need to continue progress at the Salar de Diablillos project, and will bridge the deficit in their working capital to allow ongoing operations and exploration across their sites to flow smoothly. . .this financing places Rodinia on a firm footing to move its Diablillos project forward toward an eventual resource estimate."
The Gold Report Interview with Peter Grandich (06/30/10)
PG: I bought into [Rodinia] because lithium has all the markings to be a major part of the budding world revolution in rare metals and alternative energy. Rodinia is an exploration and development company with two projects, either of which could become very substantial.
TGR: Shareholders just approved a name change to Rodinia Lithium, right?
PG: They did. The change reflects the company's singular focus on developing its flagship lithium projects in North and South America. Its Clayton Valley project in Nevada surrounds the only lithium-brine producer in North America, and it's exploring four properties in Argentina. Three of them are in Salta Province, where the Salar de Diablillos is significant because Rodinia does not share that salar with any other operators or developer. This spring, the company completed the first tranche of a private placement to continue work on these projects and brought in Farhad Abasov as executive chairman. His expertise in the potash business should prove useful as Rodinia develops its lithium brine projects, because potash will be a substantial economic byproduct of extraction.
View Entire Article: Peter Grandich Hunts for Treasures Beyond Gold's Glare
Jon Hykawy, Byron Capital Markets
(05/31/10)
"Final Phase II auger drill results from Salar de Diablillos show better than expected lithium levels of 868 mg/l, but Mg:Li levels that are higher than previously reported, averaging 3.98. K levels are strong at 9,300 mg/l and SO4:Li ratios are acceptable at 5.3.. . .At conventional levels of porosity within the region, this amounts to many decades worth of brine. . .The company continues to follow a strong QA/QC model, heavily using standards, blanks and duplicates. This plus the use of casings and pumping at intervals allows us to have good faith in the numbers being produced. . .We believe the data produced here, coupled to data previously obtained in Clayton Valley, easily support the company ultimately producing perhaps 18,000 tons per year of Li2CO3, the majority being produced from Argentine brine. Costs for the two are perhaps $1,500 per ton in Nevada, due to very good chemistry, and $1,900 per ton in Argentina due to the higher Mg:Li ratio measured in this program. . .We reiterate that being the sole claimant on Salar de Diablillos is a major positive factor in this story. While the Phase II program showed higher levels of Mg, we would argue that risk has been reduced as the present 30-hole program has outlined what is likely a large, economic resource in Argentina."
Michael Gray, Genuity Capital Markets
(03/09/10)
"Key brine asset strategically adjacent to the U.S.'s only existing lithium producer—RM holds a 100%-interest in its flagship Clayton Valley project, which we believe has high exploration potential to document aquifers with economically viable brine chemistry and volumes (low Mg:Li ratios and commercially viable Li quantities). The proximity to a major producer in a pro-mining district lowers the company's exploration and development risk, and positions it well to serve the needs of the potentially emerging EV market in the U.S.
Geographically diversified brine asset strategy lowers technical risk with prospective S. American salars—RM has 100% control of both the Diablillos and Salina Grandes early stage brine projects in NW Argentina. In historical, albeit limited, sampling, the two brine assets have documented high-quality brine chemistries, which have been supported at Diablillos by RM's recent, early stage shallow brine sampling program that returned positive results averaging 858 mg/L Li, 9480 mg/L K, and a low 2.57 Mg:Li.
Attractive valuation—We believe RM is well diversified with multiple brine assets. We are initiating coverage of Rodinia Minerals with a BUY recommendation and a 12-month target price of $1.80."
Jon Hykawy, Byron Capital Markets
(03/01/10)
"Auger drilling on Salar de Diablillos in Argentina has yielded 858 mg/l lithium, 730 mg/l boron, 9,480 mg/l potassium and a magnesium-to-lithium ratio of 2.57. . .The samples were taken by drilling to at least three meters depth, where possible, penetrating a clay layer. . .It should be noted that 4" casing was pushed into the drill holes, any water present was then pumped out and the hole was allowed to refill from brines below prior to samples being taken.
The higher lithium concentrations found at Diablillos suggest the potential for higher levels of production than we had originally forecast. The lower Mg:Li ratio implies lower costs. . .These sampling results are highly encouraging. We were very impressed with our recent visit to Salar de Diablillos, and view Rodinia's sole claims on this property as critical to proper stewardship of what is increasingly appearing to be a superior lithium property."
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