HAV’s energy metals inventory contains copper, cobalt and … the rarely discussed Molybdenum.
The following article suggests there is a place for molybdenum in the EV battery sector.
http://cumoproject.com/wp-content/uploads/2018/02/CuMo-Moly-Battery.pdf
“Conclusion
Overwhelming scientific research makes the case for the addition of molybdenum to existing battery technology. It clearly demonstrates that the next generation of electric batteries will integrate the use of a combination of molybdenum and graphene/graphite. It is projected that there will be increasing supply constraints and associated increases in prices for molybdenum, as a result of the demand for molybdenum in battery requirements, which will coincide with the upcoming increase in demand from steel mills.
Molybdenum-based electrodes and advancements in battery technology may lead to large shortfalls in the global molybdenum supply. Currently, molybdenum prices are depressed but the upcoming increase in demand will result in serious price appreciation in the short term. An examination of the battery industry demand for cobalt shows that it has affected all aspects of the production and development of cobalt.
Based on this research, molybdenum technology could replace cobalt and deliver at least 4 to 5 times more power than the cobalt-based batteries. The impact of molybdenum on the battery industry is still developing but all research is projecting favorable outcomes.”
HAV currently has a JORC resource of 8.45m kgs of Mo at Kalkaroo (2.77m kg) and North Portia (5.68m kg). Mo traded at USD11.11/ lb (USD24.44/ kg) on 23/3/18. In-situ value of HAV’s current Mo resource: A$266m
DYOR
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