On the 31st of December, 2024, shareholders voted to change the Company’s name to Flagship Minerals Limited, marking a break in the Company’s exclusive geographic focus on Asia, and on Lithium.
The Company’s strategy remains on point with the aim to secure and develop assets which are situated in superior strategic settings, and which will produce the critical resources required for electrification and a low carbon future. The Company’s project portfolio demonstrates this, and with the recent addition of the Rosario Copper Project, for which results to date have been highly compelling, Flagship Minerals provides investors with exposure to the metals that matter, copper and lithium.
Naturally, we aim to do this responsibly, with the future and the environment in mind. Managing Director of Flagship Minerals, Paul Lock, observes:
“The name change to Flagship Minerals marks a break in our exclusive geographic focus on Asia, and on Lithium, but not our focus on strategically situated projects nor our aim to secure low cost outcomes for the Company and its shareholders”.
Although the suite of critical metals is large, in the Company’s opinion most are minor metals with highly constrained market dynamics, i.e. these markets are very small and intricately complex, and therefore high risk from an exploration and development perspective. On the other hand, copper is the backbone of electrification, and the metal’s short, medium and long term supply – demand dynamics are very favourable to explorers, developers and producers. Lithium also remains a growth metal, and the Company’s Tama Atacama Lithium (Chile) and RK Lithium (SE Asia) projects are strategic in nature, positioning the Company for potential low cost outcomes.
In short, Flagship Minerals’ objective is to secure low capital intensity projects in low cost jurisdictions with infrastructure rich settings. This is the formula for high margin outcomes. The Company believes that a project’s cost environment and geographic setting are the key determinants for economic success, assuming positive metallurgy. Ultimately, the cost curve should govern the investment decision, if there is limited scope to be positioned in the bottom half of the cost curve, and the Company prefers the bottom third of the cost curve, then, in the Company’s opinion, a positive project outcome will be very difficult to achieve.
Welcome to Flagship Minerals, we look forward to sharing more positive news in 2025.
For more information
Get in touch with us if you’d like to know more about the Flagship Advantage, or if you have questions about our projects or our markets.
