CLONTARF ENERGY PLC (CLON) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the CLONTARF ENERGY PLC Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the Q and A tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company can review the questions submitted today, and we'll publish response where appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to David Hawken. Good morning to you, sir. Good morning. And thanks, everyone, for attending. So moving on, I know that people have many questions about the state of the bid round process in Bolivia, which is always complicated and confusing to many pumpters. So if I can honest if I can help you understand, that's what I'm here for. I mean, the basic story to is that Europe and indeed the world needs clean lithium of high purity. That may seem an easy thing to fulfill, but it's not because the demand is growing quite rapidly and there simply aren't the projects available today to supply the anticipated demand. So Europe needs the pure lithium and Bolivia in its turn needs to export lithium. It hasn't been a significant exporter of lithium to date, although it has maybe 45 of the world's brines. And that's due basically to failure of governance. Compare with, say, Chile or even Argentina in fiscal terms or Southern Africa or Australia in development of hard rock mining. They haven't been good at understanding the market and maximizing value added to their economy. And the context of this is that Europe's supplies of critical minerals generally are vu...