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EVENING TALK: Cornish Lithium: Exploration for a new metal in an old mining...

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Imperial College - Royal School of Mines

Prince Consort Rd

Kensington

London

SW7 2BP

United Kingdom

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The speaker

A mining engineer by training, Jeremy B. E. Wrathall initially worked in the South African gold mining industry and then followed an investment banking career, starting as a mining analyst in 1988. Over the last 30 years he has held various roles including Global Head of Mining Equities at Deutsche Bank, Global Head of Mining Equity Sales at UBS and, most recently, Head – Global Natural Resources at Investec Bank in London. In 2017 he left the investment banking industry and founded his own company, Cornish Lithium Ltd, where he serves as the Chief Executive Officer.

Jeremy has extensive experience and understanding of commodity markets and of mining finance including equity, debt and other methods of financing mining projects. He has worked on transactions on the London market (both Main Board and AIM), the Australian Stock Exchange (ASX), the Toronto Stock Exchange (TSX), the Johannesburg Stock Exchange (JSE), and the Hong Kong Stock Exchange (HKEx) and hence is familiar with governance and regulations in many jurisdictions globally. He has a strong technical understanding of commodities, mining and geology and has visited mining projects worldwide. He is widely respected within the mining industry globally and maintains a strong relationship with many mining companies, senior investors and mining financiers worldwide.


The abstract

Brines containing elevated lithium values from hot springs in Cornwall were first reported by Miller in 1864, and were subsequently recognised in many tin and copper mines which were worked until the end of the 20th century. With increased interest in renewable energy sources and rising demand for batteries for electric vehicles, the lithium contained within these deep Cornish brines is now of significant interest. The growth in the electric vehicles (EV) market and the demand for Li-ion batteries that followed has completely changed the prospects for lithium mining worldwide and, potentially, in Cornwall.

The number of electric vehicles is expected to grow significantly over the coming two decades ahead of outrights bans on the sale of internal combustion engine (ICE) vehicles by many governments, including that of the UK. This will lead to as significant increase in demand for lithium and new sources of supply will be needed. Recent advances in lithium extraction technologies, without the use of solar evaporation, now offer the potential to extract lithium from brine at much lower levels of concentration. Not only do these technologies have a much smaller environmental footprint than traditional evaporation ponds, but they will also make the process much more efficient. By identifying lithium bearing brines at depth, Cornish Lithium aims to drill extraction boreholes into large ‘cross-course’ fault structures which are believed to act as conduits for permeable fluid flow.

Cornish Lithium has successfully secured rights to extract lithium from brine over an area of over 300km2 in Cornwall. The company believes that the presence of lithium bearing brines in the County may now represent a commercial opportunity and is conducting a large-scale exploration programme which includes the use of modern EO data. The company recently participate in a study coordinated by the Satellite Applications Catapult which yielded valuable data for exploration for lithium bearing brines in Cornwall.


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The entrance to the venue is from Prince Consort Rd. Please, note that the door closes at 18:30! Please, arrive earlier.

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Date and Time

Location

Imperial College - Royal School of Mines

Prince Consort Rd

Kensington

London

SW7 2BP

United Kingdom

View Map

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