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#Industry/competitors
stale
Last edited 9 months ago

Since ANX found a few spodumene chips at Whim Creek copper, I thought it might be good to share a map of other companies in the area.

As from the map below ANX is close to AZS (about 50km+) and other hopefuls including SBR (green) and MLS (purple). The areas in grey is Canadian Gold company Novo Resources.

Also don't rate MLS or SBR highly but will keep them on watch.

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I tried to get all the claims including unlisted companies on the map via the "Add Content" menu but the browser hung. Need a powerful system to take full advantage of this map feature.

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#Business Model/Strategy
stale
Added 12 months ago

In the quarterly update ANX mentions they are in discussions with Anglo American regarding debt funding and offtakes for Whim Creek while they review the DFS metrics.

Total CAPEX is $71m and with DVP holding 20% interest. This means DVP will have to spend $14m if there is a positive outcome from Anglo and also ANX being able to fund the rest.

Many things up in the air at the moment as we are not sure how much Anglo American will put into the project but figures are about $20m. So that leaves $37m funding gap which ANX needs to find.

Putting an update on Whim Creek here since this concerns my holding in DVP.

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